Chinese AI startup DeepSeek is pooling funds from government-backed investors, targeting fundraising of several billion US dollars, The Wall Street Journal, citing sources, reported. In the latest round of discussions, some potential investors valued DeepSeek at about USD50 billion, way beyond its previous valuation range of between USD10 billion and USD30 billion.Related NewsM Stanley Raises HSI TP to 28,400, Expects Uptrend to Extend to 2Q Next YearThe National AI Industry Investment Fund, which manages approximately USD8.8 billion in capital, is in advanced talks to participate in this RMB-denominated financing round, sources divulged. The report added that DeepSeek plans to use the new funds to advance R&D and expand computing infrastructure. Among Hong Kong-listed Chinese AI companies, KNOWLEDGE ATLAS (02513.HK) -50.000 (-4.587%) Short selling $60.69M; Ratio 5.451% and MINIMAX-W (00100.HK) -56.000 (-6.588%) Short selling $110.22M; Ratio 9.418% have market cap of approximately USD50 billion and USD30 billion, respectively. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)Related News CMSI: China Large Model Industry Agent Commercialization Unstoppable; Initiates KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) at Overweight
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