DeepSeek financing dropped from a 5 billion threshold to 1.5 billion

Yesterday's post, "elsewhere it's happening elsewhere" revealed many details of DeepSeek's financing. According to the article, DeepSeek officially launched the financing in April this year, initially requiring a single institution to be no less than 5 billion yuan, not to split its share, and to adopt the RMB structure; eventually, the minimum contribution from the fund was reduced to 1.5 billion yuan, with a more flexible approach to participation. The article mentions that DeepSeek organized an online investor conference in mid-May, first by Liang Wenbing, to answer the investor question. The meeting was the first direct exchange between many investors who had not met Liang Wenfeng before. Liang Wenfeng repeatedly stressed at the conference that it is only about improving intelligence, maintaining team stability, and talent risks beyond "money and resources". In addition, one of the important demands of Liang Wenfeng for large factories and VCs is that people who do not dig DeepSeek or members of the team start their own business. With regard to the list of investors, the article states that there are only 10 institutions involved in the end, but that, after penetrating the main body of the fund, the actual participants behind them are close to 100 institutions or individuals, including local State capital, relevant subjects of listed companies and industrial capital。