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 News CMSI: Alibaba Cloud In-house Chip Progress Beats Expectations; Certainty of High Growth in AI Cloud Revenue StrengthensThe 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) +272.000 (+26.931%) Short selling $127.02M; Ratio 3.501% and MINIMAX-W (00100.HK) +105.500 (+15.913%) Short selling $187.97M; Ratio 6.763% 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 2026-05-22 16:25.)Related News JPM: DeepSeek V4 Has First-Party Cost Advantage; KNOWLEDGE ATLAS (02513.HK), MINIMAX-W (00100.HK) Must Strengthen Positioning to Compete
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