CNBeta — 2026-06-03#
Top Story#
DeepSeek is reportedly finalizing a staggering 50 billion RMB (approx. $6.9 billion) initial funding round, pushing its post-money valuation to between 350 billion and 400 billion RMB. According to a cnbeta report on the funding, founder Liang Wenfeng will personally inject 20 billion RMB, with Tencent and CATL contributing 10 billion and 5 billion RMB respectively. This massive capital aggregation highlights the intense focus on securing a domestic champion in China’s AI ecosystem, especially as the national integrated circuit fund is also in talks to participate.