Sources: DeepSeek told investors it is suspending its second funding round after remarks attributed to Liang Wenfeng on US-China AI competition went viral (Pei Li/Bloomberg)

Pei Li / Bloomberg: Sources: DeepSeek told investors it is suspending its second funding round after remarks attributed to Liang Wenfeng on US-China AI competition went viral — DeepSeek has told prospective investors in its second fundraising round that it's suspending the deal for now, people familiar with the matter said …

Sources: DeepSeek is set to raise ~7.4B in its first funding round from investors including Tencent and CATL at a valuation of between ~52B and ~$59B (Reuters)
In a leaked four-hour investor talk, DeepSeek's Liang Wenfeng says the main US-China gap is compute access, Nvidia's CUDA moat is disintegrating, and more (Fred Gao/Inside China)
Sources: DeepSeek's $7.4B raise was prompted by the release of Mythos as CEO Liang Wenfeng realized DeepSeek couldn't compete without a massive war chest (The Information)
Sources: Tencent and Alibaba are in talks to invest in DeepSeek at a 20B+ valuation, partly benchmarked against Moonshot's pending round at an 18B valuation (The Information)
Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation (Zijing Wu/Financial Times)

Source: Techmeme | 2026-07-25

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