Crypto news, DeepSeek has completed its first round of financing, with the amount exceeding $7.4 billion (about 50 billion yuan), and its valuation has surpassed $5 billion. This round uses an unconventional deal structure: external investors do not invest directly into DeepSeek, but instead contribute to a limited partnership entity managed by CEO Liang Wenfeng, to ensure the founders have absolute control over the company. Founder Liang Wenfeng personally contributed 20 billion yuan, while Tencent invested 10 billion yuan. According to industrial and commercial information, DeepSeek’s operating entity added Hangzhou Chengli and the National AI Industry Investment Fund as shareholders, and registered capital increased from 15 million yuan to 16.4475 million yuan. The National AI Industry Investment Fund directly holds about 0.28%, and Hangzhou Chengli holds about 8.52%.

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Permit2Oracle
· 7h ago
A $50 billion valuation, absolute control, and a national-team endorsement—DeepSeek’s big-card status is maxed out. Now the question is whether it can genuinely solve the compute capacity gap and the chip problem.
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SolanaSurfer
· 07-15 11:53
The National AI Industry Fund only holds 0.28%, Hangzhou Chengli holds 8.52%, and the remaining shareholding structure is estimated to be even more interesting—the off-balance-sheet financing design is deep enough.
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ElevatorMeme
· 07-15 10:31
This architecture design is brutal: Liang Wenfeng puts up $20 billion of his own money + absolute control rights. It doesn’t look like the usual dilution route that ordinary startups take. Is DeepSeek trying to become Huawei in the AI industry?
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AllInKryptonite
· 07-15 10:27
$7.4 billion in its first round of funding, with its valuation immediately surging to $50 billion—this pace is even more aggressive than what OpenAI did back then. The key point is, they still haven’t gone public yet.
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MemeMiner
· 07-15 10:23
Tencent co-invested 10 billion, but does not hold shares directly; instead, it got involved indirectly through the national AI fund and Hangzhou Chengli. The multi-layer nesting is enough to make my head spin, but it does in fact lock down control.
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VaultKeeper
· 07-15 10:22
The registered capital was only changed from 15 million to 16.44 million, which doesn’t match the financing scale at all. This is a typical VIE-structure play where the money is transferred inside a limited partnership.
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