Tencent reportedly to back DeepSeek in $4 billion funding round at $50 billion valuation

- Tencent is reported to be joining a $4 billion funding round for Chinese AI startup DeepSeek, which would value the company at about $50 billion and mark its first external financing.
- The report says the round would add fresh capital to one of China’s most watched AI model developers, with Tencent and other large investors among the backers.
- The deal matters because DeepSeek has become a key rival in China’s fast-moving AI race, and a multibillion-dollar valuation would underline continued investor appetite for frontier-model startups.
- If completed, the round would be one of the biggest AI funding events in Asia this year, but the companies have not publicly confirmed the terms.
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