Chinese AI startup DeepSeek has told prospective investors that it is suspending its second fundraising round, according to a report by Bloomberg News. The company had planned to launch a fresh fundraise at a valuation of about 500 billion yuan ($74 billion), following a successful maiden round that raised about $7.4 billion.
The pause was reportedly driven in part by DeepSeek founder Liang Wenfeng’s frustration over online reports on comments he made to investors during the startup’s first fundraising round. Reuters could not immediately verify the report, and DeepSeek could not be reached for comment outside regular business hours.
DeepSeek had also started early deliberations on a potential IPO on Shanghai’s Nasdaq-style STAR Market, according to a report by Reuters last week.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
