DeepSeek is pressing ahead with a 50 billion yuan second-round financing that targets a 500 billion yuan valuation, with first signings in Hangzhou slated as early as Aug. 10 and some investors agreeing to settlement deadlines as soon as Aug. 30. The round carries a minimum 5 billion yuan ticket, and the proceeds are set to fund computing power, model research, hiring and preparations for a possible domestic listing, with money split between the main company and a limited partnership controlled by founder Liang Wenfeng. The financing resumed in early August after a brief pause at the end of July. Earlier coverage had described the first signing round as completed on Aug. 10; the latest report instead frames the fundraising as ongoing. DeepSeek's June raise valued it at about 350 billion yuan, and the company has since rolled out DeepSeek-V4-Flash, whose first-week usage reached 72.2 trillion tokens on OpenRouter data, while also preparing API price increases and peak and off-peak pricing.