DeepSeek IPO may raise 50 billion! Valuation exceeds 500 billion, Liang Wenfeng is ready to ring the bell

Zhixi Compiler | Yang Jingli Editor | Li Shuiqing Zhixi reported on July 15 that according to foreign media The Information quoted people familiar with the matter, with the rapid growth of revenue, DeepSeek is preparing for the second round of financing, aiming to raise 50 billion yuan (approximately US$7.4 billion), and is considering submitting an IPO application on the Science and Technology Innovation Board this year. Three people familiar with the matter said that DeepSeek’s recent annualized revenue has reached US$400 million to US$500 million (approximately RMB 2.7 billion to 3.4 billion yuan), with revenue mainly coming from cloud API calling services. In this round of financing, DeepSeek plans to receive U.S. dollar funds from foreign investors through the Qualified Foreign Limited Partner (QFLP) mechanism, with a valuation that may reach 500 billion yuan (approximately 74 billion U.S. dollars), an increase of approximately 50% from the 50 billion U.S. dollars (approximately 338 billion yuan) valuation when the company completed its first round of financing a month ago. Calculated at an annualized revenue of US$500 million, this valuation is approximately 148 times its annualized revenue, which is much higher than many AI startups. In June this year, foreign media outlet The Information quoted two people familiar with the matter as reporting that DeepSeek had completed its first round of external financing since its establishment, raising a total of more than 50 billion yuan. Investors include Liang Wenfeng, Tencent, CATL, JD.com, NetEase, venture capital institution IDG Capital, and the National Artificial Intelligence Industry Investment Fund. It is the largest single round of financing in China’s AI industry to date. At present, the equity change of DeepSeek has been completed. Qichacha APP shows that DeepSeek affiliated company Hangzhou Shenqiusu Artificial Intelligence Basic Technology Research Co., Ltd. has undergone industrial and commercial changes, adding Hangzhou Chengli Enterprise Management Consulting Partnership (Limited Partnership) and National Artificial Intelligence Industry Investment Fund Partnership (Limited Partnership) as shareholders, and the registered capital has increased to 16.4475 million yuan. ▲DeepSeek’s latest shareholder information (Source: Qichacha) Among them, DeepSeek founder Liang Wenfeng withdrew from Hangzhou Chengli Enterprise Management Consulting Co., Ltd.