China’s DeepSeek plans fresh fundraising at $74 billion valuation ahead of possible IPO

Chinese AI startup DeepSeek is planning to raise more money from investors. The company could be valued at about 500 billion yuan ($74 billion) in this new funding round. It is raising the money before it may launch an Initial Public Offering (IPO), which is when a company starts selling its shares to the public on China’s stock market.

DeepSeek is based in Hangzhou, China. The company became popular around the world in 2025 after launching low-cost AI models. These AI models got a lot of global attention.