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DeepSeek reportedly close to raising at least $12bn, with Tencent and CATL among top investors

Bloomberg News reported on 6 October that DeepSeek is close to securing at least 80 billion yuan (about $12bn) in funding, with Tencent and CATL among the largest investors. The report has not been independently verified.

2 outlets · 0L · 1C · 1R First reported Account updated
Image: CNA
Image: IJR

1 / 2

The story, neutrally told

Centre · 1Bloomberg News reported on Tuesday 6 October, citing people familiar with the matter, that DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest funding round. Mixed · 2Battery maker Contemporary Amperex Technology (CATL) and Tencent Holdings have committed among the largest amounts in the round, according to the Bloomberg report. Right · 1IJR's account says the sum exceeds an initial target of 50 billion yuan and that the total could approach 100 billion yuan, with demand reportedly rising after the launch of DeepSeek's latest AI model.

Right · 1IJR says the money would support the company's growth as it expands its use of Huawei AI chips and prepares for a possible 2027 listing on Shanghai's STAR Market, though the IPO timing remains uncertain. Mixed · 2The figures have not been confirmed: Reuters, in the copy carried by CNA, said it could not immediately verify the report, and IJR said the details have not been independently verified.

Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.

Left0 outlets

No left outlet in our sources has covered this story yet.

Centre1 outlet

Framing
Short wire-style item attributing the news to Bloomberg and its anonymous sources.
Emphasis
Amount in yuan and dollars, named investors, sourcing.
Leaves out or plays down
Omits the 50bn yuan original target, the possible 100bn total, Huawei chips and the 2027 IPO plan.
For example
“Reuters could not immediately verify the report.” — CNA

Right1 outlet

Framing
Brief summary of the reported round, adding context on target, chips and listing plans, with caveats.
Emphasis
Round exceeding its target, surging demand, Huawei chips, possible STAR Market listing.
Leaves out or plays down
Does not name Bloomberg or its anonymous sourcing in the text provided.
Charged language
“demand reportedly surged”
For example
“The fundraising details have not been independently verified, and the IPO timing remains uncertain.” — IJR