DeepSeek reportedly has a post-investment valuation of as much as $45.0 billion? Insiders: Both sides are indeed in talks, but the valuation has not yet been finalized.

Mars Finance News, May 6 — Today, the media reported that the National Integrated Circuit Industry Investment Fund (abbreviated as the “National IC Fund”) is in talks with DeepSeek regarding leading its first round of financing. Its final valuation is expected to be set at around $45 billion. Verified through multiple authoritative channels, an insider said: “The two sides are indeed discussing it. However, the valuation has not yet been finally confirmed.” The insider also disclosed, “At the same time, there are many potential investors involved in the financing negotiations, including several internet giants and other state-owned funds.” However, the insider added that, at this stage, all investment institutions participating in the talks for this financing round are keeping a low profile. For major financing projects involving top star companies, all parties generally take a more cautious approach and will not disclose information to the public casually until the relevant matters are finalized. At present, the final list of investment institutions for this financing round has not yet been determined. (Shanghai Securities News)