DeepSeek Starts Second Round of ¥50B Funding; Cumulative Raise Exceeds ¥100B, Valuation Jumps to ¥500B

DeepSeek is advancing its second round of financing, targeting 50 billion RMB, with a pre-money valuation of approximately 500 billion RMB (up about 43% from the first round's 350 billion), and signing is expected in late August.