消息人士：DeepSeek將完成150億美元募資，為AI競賽添動能

Kane Wu、Yantoultra Ngui和Eduardo Baptista報導By Kane Wu, Yantoultra Ngui and Eduardo Baptista

香港10月22日（路透社）—— 四名知情人士表示，中國AI新創深度求索（DeepSeek）已在最新一輪募資中籌得約1,000億元人民幣（149.8億美元），投資人包括晶片製造商兆易創新（GigaDevice）、外送平台美團（Meituan）及車廠吉利（Geely）。HONG KONG, Oct 22 (Reuters) - Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest funding round from investors including chipmaker GigaDevice, food delivery company Meituan and automaker Geely, according to four people with knowledge of the matter.

其中兩名知情人士表示，電池製造商寧德時代（Contemporary Amperex Technology，CATL）與微信（WeChat）營運商騰訊控股（Tencent Holdings）均為既有股東，也是本輪最大投資人之一。Battery maker Contemporary Amperex Technology (CATL) and WeChat operator Tencent Holdings, both existing shareholders, were among the biggest investors in the round, said two of the people.

知情人士表示，家電製造商美的（Midea）與既有股東網易（NetEase）也參與了本輪募資。Home appliances maker Midea and existing shareholder NetEase also participated, the people said.

三名知情人士表示，其他投資人包括博裕資本（Boyu Capital）、CPE、君聯資本（Legend Capital），以及既有股東IDG資本（IDG Capital）。Other investors include Boyu Capital, CPE and Legend Capital, as well as existing shareholder IDG Capital, three of the people said.

一名知情人士表示，本輪募資的投資人總數超過15家。The total number of investors in the funding round exceeded 15, one of the people said.

消息人士先前表示，DeepSeek在注入新資本前的估值為5,000億元人民幣；這意味著該公司將把原先500億元人民幣的募資目標提高一倍。這項增幅凸顯，在中國力求於AI競賽中保持對美國競爭力之際，投資人——其中許多有國家及大型企業背景——對DeepSeek興趣濃厚。DeepSeek, which sources have said is valued at 500 billion yuan before new capital is injected, will have doubled its original fundraising target of 50 billion yuan. The rise underscores strong interest from investors - many backed by the state and big corporations - as China aims to stay competitive in the AI race against the US.

研究機構Omdia首席分析師蘇連杰（Lian Jye Su）表示：「看到DeepSeek有如此高的估值令人振奮，顯示投資人對其開源策略未來的信心。」"It's encouraging to see such a high valuation for DeepSeek, showing the confidence from investors on the future of its open source strategies," said Lian Jye Su, chief analyst at research firm Omdia.

蘇連杰說：「鑑於他們（投資人）全都是中國企業，而且是關鍵零組件供應鏈廠商，我可以看到DeepSeek本身成為這些國內科技供應鏈的關鍵一環。」"Given that they (the investors) are all Chinese and critical component supply chain vendors, I can see DeepSeek itself becoming a key part of these domestic tech supply chains," Su said.

第二名知情人士表示，這輪募資預計將在未來幾天完成，但財務細節與投資人名單尚未定案，仍可能變動。The fundraising is set to be complete in the coming days, but financial details and the investor lineup are not ironclad and could still change, a second person said.

路透社暫時無法取得DeepSeek回應。吉利拒絕評論。本文提及的其他公司未立即回應採訪請求。DeepSeek could not be immediately reached for comment. Geely declined to comment. The other firms mentioned in this article did not immediately respond to requests for comment.

彭博社週四率先引述消息人士報導，DeepSeek已在最新一輪募資中籌得150億美元，寧德時代與騰訊是其主要支持者。On Thursday, Bloomberg first reported, citing sources, that DeepSeek had raised $15 billion in the latest funding round, with CATL and Tencent as its main backers.

DeepSeek的募資結果出爐之際，市場對AI巨額支出的疑慮升高，並在本月引發全球科技股新一波賣壓。DeepSeek's fundraising outcome comes amid growing concerns over massive AI spending that triggered a new selloff in global tech stock this month.

路透社報導，市場情緒轉壞，已導致資料中心首次公開發行（IPO）延後或撤回，也使南韓與香港AI相關公司上市首日表現不佳。The soured sentiment has led to delays or withdrawals of data center IPOs and poor market debuts of AI-related companies in South Korea and Hong Kong, Reuters has reported.

自1月以來在香港上市的兩家大型語言模型開發商Z.AI與MiniMax，股價已較今年稍早高點大幅下跌。Shares of Z.AI and MiniMax, two large language model developers listed in Hong Kong since January, have fallen sharply from their peaks earlier this year.

募資完成後，DeepSeek離進入公開市場更近一步。路透社9月報導，該公司目標是今年啟動IPO程序，並已聘請中信證券（CITIC Securities）為可能在科創板上市作準備。After the fundraising, DeepSeek is getting closer to tapping public markets. In September, Reuters reported that the company aimed to kick off its IPO process this year and had hired CITIC Securities to prepare for the potential STAR Market float.

上月，該公司發布最新模型DeepSeek-V4.1-Flash，稱該模型是為了提升能力、加快推論速度、提高吞吐量，並擴展至更大型模型而設計。Last month, the company released its latest model, ⁠DeepSeek-V4.1-Flash, which it said was designed for greater capability, faster inference, higher throughput and scaling to larger models.

路透社報導，這家總部位於杭州的公司在6月首輪外部募資中籌得74億美元。The Hangzhou-based firm raised $7.4 billion from its inaugural external funding round in June, Reuters has reported.

兩家中國投資人7月提交的文件顯示，DeepSeek在6月募資時的估值為3,508.8億元人民幣，約合520億美元。Filings by two Chinese investors in July suggested DeepSeek was valued at 350.88 billion yuan, or around $52 billion, in the June fundraising.

（1美元 = 6.6749元人民幣）($1 = 6.6749 Chinese yuan renminbi)

（Kane Wu、Yantoultra Ngui香港報導，Eduardo Baptista北京報導；Devika Nair班加羅爾、Zhang Yan和Casey Hall上海及北京新聞室補充報導；Ronojoy Mazumdar和Thomas Derpinghaus編輯）(Reporting by Kane Wu and Yantoultra Ngui in Hong Kong and Eduardo Baptista in Beijing; additional reporting by Devika Nair in Bengaluru, Zhang Yan and Casey Hall in Shanghai and the Beijing Newsroom; Editing by Ronojoy Mazumdar and Thomas Derpinghaus)