DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge

The Next Web
By Cristian DinaJun 29, 2026, 7:00 am147 pts
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

SpaceX’s biggest test yet arrives this week and it’s not a rocket launch

Teslarati

SpaceX’s biggest test yet arrives this week and it’s not a rocket launch 127

Inside the London hacker house taking a stand against founder burnout

TechCrunch

Inside the London hacker house taking a stand against founder burnout 126

Meet the 'internet radical' who helped Microsoft get email and AT&T get online

The Register

Meet the 'internet radical' who helped Microsoft get email and AT&T get online 126

In a Warming World, Air Conditioning Is a Necessary Evil. Or Is it?

Gizmodo

In a Warming World, Air Conditioning Is a Necessary Evil. Or Is it? 123

MiniMax H3 pairs 2K video with native stereo audio in China's multimodal AI race

Digitimes

MiniMax H3 pairs 2K video with native stereo audio in China's multimodal AI race 123

Research Insight: AIDVs reshape smart cars with world models and agents

Digitimes

Research Insight: AIDVs reshape smart cars with world models and agents 122

Pixel 11 specs and price leak with no surprises

The Verge

Pixel 11 specs and price leak with no surprises 119

Trump blames Tim Walz for water hacks even though it’s probably Iran

The Verge

Trump blames Tim Walz for water hacks even though it’s probably Iran 117

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

I’ve driven the new Cupra Raval and…

I’ve driven the new Cupra Raval and it’s proof that the hot hatch can live…

How 'Situational Awareness' Hedge Fund…

How 'Situational Awareness' Hedge Fund Dropped 67% in AI Stock Rout

Recovery Seeds Reportedly Breached for…

Recovery Seeds Reportedly Breached for Coldcard Hardware Bitcoin Wallets, $75M…

6 Things We Already Know About the 2028…

6 Things We Already Know About the 2028 iPhone

Startup swaps costly AI GPUs for Arm…

Startup swaps costly AI GPUs for Arm cores and up to 128TB of 'cheap' LPDDR6 RAM…

I conducted a blindfolded Bluetooth…

I conducted a blindfolded Bluetooth speaker test with 4 colleagues and no, JBL…

China outs Nvidia-powered AS2-W…

China outs Nvidia-powered AS2-W quad-wheel 'robot wolf', just weeks after its…

AWS chip business passes US$25 billion…

AWS chip business passes US$25 billion run rate; CEO Jassy says there is 'real…

Interview: Governance layer key to…

Interview: Governance layer key to deploying AI agents in the finance sector

'They’re closer to architecture than…

'They’re closer to architecture than landscaping': inside Walt Disney…