AI & MUSIC TECH · ·Music Business Worldwide
DeepSeek Nears Raising 80 Billion RMB
DeepSeek is close to securing at least 80 billion RMB in a new funding round backed by major investors Tencent and CATL, with signed preliminary agreements indicating the total could reach approximately 100 billion RMB.
DeepSeek is close to raising at least 80 billion RMB in a new financing round, with signed term sheets showing the round could reach approximately 100 billion RMB. Tencent and CATL are among the investors making the largest commitments. The company aims for an initial public offering in early 2027. DeepSeek's first outside funding, completed this summer, valued the company at approximately 350 billion RMB, and founder Liang Wenfeng invested approximately 20 billion RMB of his own money into that previous round.
Tencent is the controlling shareholder of Tencent Music Entertainment, which announced its DeepSeek integration during its March 2025 earnings call. DeepSeek has been added to Tencent Music Entertainment's AI songwriting tool, assistant, comment sections, and recommendation pages. AI agents on the QQ Music and Kugou Music apps generate personalized playlists instantly.
Separately, as of October 7, 2026, the song Patient Zero by Taylor Swift is number 6 on the Apple Music US songs chart, and the song Babylon by Taylor Swift is number 24 on the Apple Music US songs chart.
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