National IC Fund Leads DeepSeek's Funding Round with $45 Billion Pre-Money Valuation

Reports indicate that DeepSeek's first round of financing is nearing completion. The round is led by the National Integrated Circuit Industry Investment Fund (commonly known as the "Big Fund"), with a financing amount of approximately 70 billion RMB and a pre-money valuation reaching $45 billion. If successfully closed, this will set a new record for the largest initial funding round in the history of Chinese AI large-model enterprises.