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DeepSeek reported to have raised about 100 billion yuan from CATL, Tencent and others

See how this story connects

Source: Reuters via The Economic Times

Bloomberg News reported on 22 October 2026, citing people familiar with the matter, that DeepSeek raised about 100 billion yuan (US$14.98 billion) in its latest funding round. Contemporary Amperex Technology (CATL) and Tencent Holdings were among the biggest investors, the report said. Reuters said it could not immediately verify the report, and DeepSeek has not announced the round.

Why it matters

A round of that size would put DeepSeek’s funding in the range of the leading US labs, with Chinese industrial and internet companies as its backers.

When
22 Oct 2026
ID
WTA-N-2026-0367
Where
China
Who
DeepSeek, CATL, Tencent

Summary by wheresthe.ai, from Reuters via The Economic Times. We could not open the primary document, so it is marked Reported. Checked against the source on 22 Oct 2026.

Read the original at Reuters via The Economic Times

Source copy: download the page as saved on 22 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextDeepSeek and MiniMax register under China’s new AI export rules, state media says

Cite this story

WTA-N-2026-0367: “DeepSeek reported to have raised about 100 billion yuan from CATL, Tencent and others.” wheresthe.ai, 22 Oct 2026. https://wheresthe.ai/d/cn-deepseek-100bn-yuan-funding-round-reported-2026-10/ (source: Reuters via The Economic Times).

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