Chinese AI startup DeepSeek is pursuing a roughly $74 billion valuation in a new fundraising round while preparing for a mainland IPO filing later in 2026, according to a report published July 15, 2026. The company aims to raise up to 50 billion yuan and has engaged accounting and banking advisors ahead of a planned Shanghai stock market debut. The round follows DeepSeek’s first external financing just weeks earlier, which valued the company near $52 billion, reflecting the scale of capital the company says it needs to keep competing in China’s AI market.
