DeepSeek Wants a $75 Billion Valuation — and Its Revenue Just Doubled
DeepSeek is finalizing a 50 billion yuan ($7.5 billion) funding round at a 500 billion yuan ($75 billion) valuation, with annualized revenue run rate doubling to $1 billion in a matter of months. The round is expected to close by the end of October, ahead of a planned Shanghai listing. Sources: The Information (via Reuters), TechDefused, October 2026.