According to CoinMeta, DeepSeek completed its second round of financing on October 30, raising 105.5 billion yuan (approximately $1.58 trillion), with a valuation of around 615.5 billion yuan. Tencent Holdings contributed $100 million in both rounds of financing, while CATL and Zeng Yuqun contributed $500 million and $100 million respectively. Other investors included ChangXin Memory, SMIC, vivo, Meituan, Geely Automobile, Midea Group, Lixun Precision, Ctrip, REDnote, China National Artificial Intelligence Industry Investment Fund, China Mobile, China Telecom, CICC, CITIC Securities, and PICC Life Insurance. Some individual investors contributed between $100 million and $300 million, while institutions contributed between $200 million and $800 million each.