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    <lastBuildDate>Tue, 06 Oct 2026 18:01:07 GMT</lastBuildDate>
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      <title>DeepSeek close to raising at least $12bn in Tencent-backed round ahead of early-2027 IPO</title>
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      <pubDate>Tue, 06 Oct 2026 00:00:00 GMT</pubDate>
      <description>DeepSeek is close to securing at least 80 billion yuan in a Tencent- and CATL-backed funding round, Bloomberg and Reuters report, setting the stage for a landmark IPO in early 2027.</description>
      <author>Sarah Whitfield</author>
      <category>deepseek</category>
      <category>artificial-intelligence</category>
      <category>venture-capital</category>
      <category>tencent</category>
      <category>huawei</category>
      <source url="https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/deepseek-raise-least-us12-billion-tencent-backed-funding">Bloomberg; Reuters</source>
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