HangzhouDeepSeek raised about ¥100 billion ($15 billion), people familiar say.

Battery maker CATL and Tencent are among the largest investors in China’s biggest AI round.

Funds go to data centres and a Shanghai STAR Market listing, for which it hired CITIC Securities.

Rival Moonshot AI is preparing a Hong Kong listing in the first quarter of 2027.

How each outlet framed it
Zhidx leans favorable
reports the 100 billion yuan round, raised in steps from 50 to 80 to 100 billion, and ties it to DeepSeek's IPO prep and open-source push

Sources: Zhidx