[DeepSeek Completes Approximately 100 Billion RMB Financing, Led by CATL and Tencent] According to Bloomberg, DeepSeek raised approximately 100 billion RMB (around $15 billion USD) in its latest round of financing, making it one of the largest financings in China. Sources familiar with the matter revealed that the Hangzhou-based company raised its funding target at least twice during negotiations with investors, initially increasing it from 50 billion RMB to 80 billion RMB, and ultimately reaching the aforementioned amount. CATL and Tencent are among the largest investors in this round. The funds will be used to support DeepSeek in competing globally with U.S. AI companies such as Anthropic and OpenAI.