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Tencent on Pulse

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The full thread of our Tencent coverage — a running record of every development we've tracked, with the VC take on each.

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Jun 16, 2026
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  1. FUNDINGDeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+→
  2. FUNDINGDeepSeek's $7.4B Round Backed by Tencent, CATL and JD→

All Coverage

FUNDING$7.4B

DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+

DeepSeek closed a $7.4B round backed by Tencent, CATL, JD.com, NetEase and IDG Capital, vaulting past a $50B valuation to become China's most valuable AI startup. The raise is a direct answer to the US frontier labs and a statement that the model race is now a two-superpower contest.

Jun 16, 2026
FUNDING$7.4B

DeepSeek's $7.4B Round Backed by Tencent, CATL and JD

The largest AI financing out of China this year: $7.4B from a strategic syndicate that hands DeepSeek both capital and distribution. At a $50B+ valuation, it is now the anchor of China's frontier-model ambitions.

Jun 16, 2026