DeepSeek’s valuation was implied at 350.88 billion yuan, or USD 51.82 billion, after a Chinese filing disclosed pricing from the artificial-intelligence startup’s first external fundraising.
Anhui Korrun Co., Ltd. (SZSE: 300577) said a venture fund invested 2.9 billion yuan for an indirect 0.8265% stake in the Hangzhou-based company.
The figures provide rare public evidence of DeepSeek’s investor pricing because the privately held company has not announced details of the fundraising. Reuters calculated the implied valuation based on the disclosed investment and ownership percentages.
Anhui Korrun said its subsidiary, Ningbo Purun, had invested 40 million yuan in Tianjin Lisi Xingling Venture Capital Partnership. The Monolith Management-controlled fund acquired the DeepSeek stake.
The transaction gave Anhui Korrun a 0.0114% look-through interest. Investors had paid by June 17, while the company received confirmation of completion on July 15.
Read: China’s DeepSeek Builds Custom AI Chip In Bid To Cut Nvidia Reliance
Jiuan Medical separately disclosed that its Hong Kong subsidiary invested 750 million yuan through a Shixiang Capital vehicle to acquire an indirect stake of about 0.21% in DeepSeek.
The filings did not state whether investors acquired newly issued shares, existing equity or securities carrying different rights. The USD 51.82 billion figure, therefore, represents an implied transaction value rather than a definitive company valuation.
DeepSeek previously relied on founder Liang Wenfeng’s quantitative hedge fund, High-Flyer, before seeking outside capital to expand computing capacity and employee benefits.
The company is also considering another funding round at an estimated valuation of about 500 billion yuan, or USD 74 billion, according to Reuters.
