Qichacha confirmed: DeepSeek completed 51 billion yuan in financing at a valuation of 400 billion yuan, the first cross-border capital injection of the national team into a large model

Qichacha data shows that Hangzhou Shenqiusu Artificial Intelligence Basic Technology Research Co., Ltd. completed its first round of external financing on June 16, 2026, with an overall financing scale of approximately 51 billion and a corporate valuation of nearly 400 billion, setting a new record for a single round of financing in the Chinese AI industry.

The investor lineup of this round covers industrial capital, Internet giants and national teams: founder Liang Wenfeng (personal investment of 20 billion), Tencent, CATL, NetEase, JD.com, Monolith Capital, IDG Capital, Zhengxingu Investment, Shixiang Technology and the National Artificial Intelligence Industry Investment Fund. DeepSeek was founded in July 2023 and is headquartered in Hangzhou. It has been fully supported by its parent company Huanfang Quantitative. At the peak of Huanfang Quantitative, the asset management scale exceeded 70 billion yuan.

There are two noteworthy signals in this investor list. First, the four industrial giants Tencent, CATL, NetEase, and JD.com appear on the list at the same time, showing that DeepSeek's financing has transcended traditional financial investment logic and has risen to a strategic collaborative layout at the industrial chain level. Second, the National Artificial Intelligence Industry Investment Fund ("Big Fund") has made a cross-border investment in a large model company for the first time. The Big Fund has been focusing on semiconductor and chip investment for 12 years since its establishment. This exception means that the national level has begun to include large models in the category of strategic infrastructure that is as important as semiconductors.