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919 DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge

The Next Web
Cristian Dina @ The Next Web · 06/29/2026 07:00 EDT

China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth and never […]
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