DeepSeek seeks RMB 500 billion valuation financing, with API gross profit margin reaching 82.9%

According to The Information, DeepSeek is seeking a second round of financing at a valuation of 500 billion yuan, with plans to raise 50 billion yuan. From January to July 2026, DeepSeek's revenue reached RMB 475 million (USD 70.7 million), with a net loss narrowed to RMB 715 million, lower than the full year of RMB 935 million in 2025. DeepSeek's overall gross profit margin reached 44.6%, with an API business gross profit margin of 82.9% and an annualized revenue of $400 million to $500 million. DeepSeek has raised the price of the V4 Pro API, with peak output prices rising from $0.87 to $3.96 and off peak prices at $1.98, lower than Kimi K3's $15 and Claude Opus 5's $25. The company's investment in AI infrastructure has increased from 1.2 billion yuan in 2025 to 11 billion yuan in the first seven months of this year, and has hired investment banks to prepare for an IPO in Shanghai next year.