DeepSeek adds state AI fund and Hangzhou Chengli as shareholders

DeepSeek affiliate Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. completed its first funding round and raised registered capital to RMB 16.4475 million.

Summary

DeepSeek affiliate Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. has completed its first funding round and updated its business registration, bringing in Hangzhou Chengli Enterprise Management Consulting Partnership and the National Artificial Intelligence Industry Investment Fund as new shareholders. Registered capital rose to RMB 16.4475 million, with the state AI fund holding about 0.28% and Hangzhou Chengli about 8.52%, according to STAR Market Daily. The update adds a new financing milestone to the company’s shareholder changes and points to backing from both a state-linked AI investment vehicle and a corporate investor.

Terms & Concepts
  • registered capital: The amount of capital formally recorded in a company’s registration documents.
  • shareholders: Individuals or entities that own equity stakes in a company.
  • funding round: A financing event in which a company raises capital from new or existing investors.