DeepSeek, a prominent large model company, is on the verge of finalizing its second round of financing in the coming days. The funds raised in this round have surged from the initially projected RMB 50 billion to an impressive RMB 100 billion, marking a twofold increase in the proposed financing within a span of less than two weeks. Both new entrants and existing shareholders are slated to contribute equally to the investment pool. Notably, the expansion of the financing scale has not impacted the company's overall valuation, with the pre-investment valuation remaining steady at approximately RMB 500 billion. The new investors in this round are predominantly industrial investors, such as Shixi Capital, SCC Capital, CPE Source Peak, Legend Capital, and Geely. Meanwhile, existing shareholders from the first round, including CATL, Tencent, IDG Capital, Matrix Partners China, and Shixiang Capital, are also actively participating in this round of investment. Notably, CATL is ramping up its investment, planning to inject an additional RMB 10 billion, following its initial investment of around RMB 5 billion.