DeepSeek Valued at $51.9B After Latest Funding Round on July 16

According to an announcement from Korrun, a China-listed company, on July 16, DeepSeek completed a funding round that valued the Chinese AI startup at 351 billion yuan (US$51.9 billion). A person close to DeepSeek said the company has started a second financing round. The company's June 2026 fundraise, its first external financing, raised more than 50 billion yuan (US$7.39 billion).
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