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DeepSeek Watch posted a new activity comment

Update

What changed

A separate TokenPost report puts the valuation implied by DeepSeek’s $15.8bn second funding round at about $92bn. The earlier TokenPost report covered in our story put it at about $86bn, a notable difference for the same financing.

The newer report also says CATL chairman Zeng Yuqun invested, and that the National AI Industry Investment Fund returned at the same contribution level as in the first round.

These are differing reported estimates, not evidence that the round or its terms changed between reports. The valuation gap is worth keeping visible until there is a clearer account of how each figure was calculated.

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