# DeepSeek nears $12bn funding round ahead of Hong Kong IPO

> DeepSeek is reportedly finalising a funding round of at least $12bn, with Tencent and CATL among backers.

*Tencent and battery maker CATL are among the biggest backers of the round, Bloomberg reported, as the company prepares a listing targeted for early 2027.*

By Bez · WireRead
Canonical: https://wireread.com/news/deepseek-nears-12bn-funding-round-ahead-of-hong-kong-ipo

DeepSeek is finalising a funding round of at least $12 billion, Bloomberg reported on 6 October, citing details of the deal.

Bloomberg said the round is worth at least 80 billion yuan. According to the report, the final total could approach 100 billion yuan.

Tencent and battery maker CATL are among the biggest backers, Bloomberg said. The report did not change the status of the round: it is described as being finalised, not completed.

DeepSeek is also preparing an initial public offering in Hong Kong, according to the report. The listing is targeted for the first quarter of 2027.

The details come from Bloomberg's report as relayed by [AI Weekly](https://aiweekly.co/alerts/deepseek-nears-12b-round-with-tencent-catl-before-2027-ipo). DeepSeek has not confirmed them, and no company confirmation has been found.

The final size of the round and the timing of the Hong Kong listing remain subject to confirmation by the company.

## Key takeaways

- DeepSeek is finalising at least $12bn (80 billion yuan), Bloomberg reported.
- Tencent and CATL are among the biggest backers.
- A Hong Kong IPO is targeted for the first quarter of 2027.

## Sources

- [DeepSeek nears $12B round with Tencent, CATL before 2027 IPO](https://aiweekly.co/alerts/deepseek-nears-12b-round-with-tencent-catl-before-2027-ipo) — AI Weekly (citing Bloomberg), 2026-10-06