Several dealmakers stated that DeepSeek, a large model company, has resumed its second round of fundraising, aiming to raise 50 billion yuan with a pre-investment valuation of approximately 500 billion yuan, and expects to complete the signing by late August. DeepSeek initiated its first round of fundraising in April this year and completed the transaction in June, raising 50 billion yuan with a valuation exceeding 350 billion yuan, making it the company with the largest first-round fundraising scale in the history of China's AI large model sector. Multiple investors indicated that DeepSeek's second round of fundraising commenced at least by mid-July but was abruptly suspended at the end of July, when some investors on the negotiation waitlist were informed that the plan to sign the funding agreement was on hold.