Milk Road AI(@MilkRoadAI):DeepSeek is about to close one of the BIGGEST funding rounds in Chinese history. According to Reuters, the company is wrapping up a raise of about ¥100 billion, or roughly $15 billion, at a pre money valuation of about ¥500 billion, or $74 billion. The original target was just ¥50 billion, so DeepSeek DOUBLED the size of the round as demand poured in. Battery giant CATL and Tencent are the largest investors, with Geely also taking part, ahead of a possible Shanghai listing. That is a lot of money for a company famous for doing more with less, and most of it will likely go toward compute. China's AI race is now being funded at the same scale as the United States, and that means even more demand for chips and memory across Asia.

2026.10.23 05:38

DeepSeek is about to close one of the BIGGEST funding rounds in Chinese history. According to Reuters, the company is wrapping up a raise of about ¥100 billion, or roughly $15 billion, at a pre money valuation of about ¥500 billion, or $74 billion. The original target was just ¥50 billion, so DeepSeek DOUBLED the size of the round as demand poured in. Battery giant CATL and Tencent are the largest investors, with Geely also taking part, ahead of a possible Shanghai listing. That is a lot of money for a company famous for doing more with less, and most of it will likely go toward compute. China's AI race is now being funded at the same scale as the United States, and that means even more demand for chips and memory across Asia.

Melvin@MelvinInvests

2026.10.17 05:00

China just put its own chip know how on its export control list. The draft covers AI processor designs at 14nm or below, DRAM designs at 18nm or below, and advanced 3D NAND designs. It also covers the interconnect for AI clusters with more than 10,000 accelerators. This is still a proposal and public comments run until mid November. China is no longer just on the receiving end of chip restrictions.