DeepSeek is launching a new round of financing, and investors who missed out on the first round are vying for a second chance.

Multiple traders involved in the transaction told "Finance and Economics" that the artificial intelligence big model company DeepSeek has started negotiations for its second round of financing. According to media reports, the valuation of the new round of financing has increased by about 37% compared to the previous round, reaching approximately $71 billion. However, according to one trader involved in the transaction, the valuation has not been finalized yet. Not long ago, DeepSeek completed its first round of financing with a pre-investment valuation of about 350 billion yuan. With an additional 5% ESOP issuance, the actual pre-investment valuation is about 367.5 billion yuan, equivalent to approximately 54.3 billion U.S. dollars, making it the largest company in the history of China's AI big model first round of financing. Two traders told "Finance and Economics" that DeepSeek has started a new round of financing now. One reason for this is the "supply exceeds demand" situation in the previous round, with too much capital waiting in line to enter. Investment institutions that were unable to participate in the previous round are actively vying for a share in the new round. One trader believes that many of the funds that were already in line for the first round "theoretically cannot participate." Another investor who was unable to invest in the previous round insists that no matter what DeepSeek's valuation is, they will invest.