Tencent Deals

Today AI reportedly accumulated $200 million in financing from eight named backers for its personal AI assistant business.

Chinese AI champions Moonshot AI and DeepSeek secure large late stage funding at multi billion dollar valuations while preparing listings in Hong Kong and mainland China.

Moonshot AI has completed its last private round at an estimated $50 billion valuation and is preparing a Hong Kong IPO that could raise up to $5 billion in early 2027.

Manus is reportedly raising a $500 million round at a $4 billion valuation to fund its relaunch as an independent AI agent company after regulators blocked its sale to Meta.

DeepSeek had been seeking at least 10 billion yuan in a follow on round at a roughly 480 billion yuan valuation, but has paused closing the deal after founder Liang Wenfeng’s leaked remarks about reliance on Nvidia chips and China’s AI lag sparked controversy.([business-standard.com](https://www.business-standard.com/world-news/deepseek-puts-fundraising-on-hold-after-founder-s-remarks-go-viral-report-126072501034_1.html))

DeepSeek is reportedly negotiating a $1.5 billion raise at a $71 billion valuation ahead of a planned IPO.

Kuaishou is spinning off its Kling AI video-generation business into an independent company backed by up to $3 billion from Tencent, Alibaba, Baidu and other investors, with a mandated IPO by 2031.

Planned first external funding round of roughly 500 billion CNY to scale DeepSeek’s frontier AI research and infrastructure.

B and B+ rounds totaling 1 billion RMB to fund Tianji Intelligent’s embodied AI hardware R&D, large-scale production and global sales expansion.