China’s DeepSeek is reportedly in discussions for a new round of fundraising after an initial round, according to financial reporting citing sources. The talks involve potential new investors and are described as taking place ahead of an onshore initial public offering (IPO), with the company’s valuation discussed in the range of roughly $71 billion to $74 billion. One report says the current funding conversations could value DeepSeek at about $71 billion, while another says sources put the valuation closer to $74 billion. The accounts describe the process as early-stage fundraising discussions rather than confirmed terms, and they do not provide details on the size of the raise, specific investors, or expected timing for the capital injection. Both pieces frame the fundraising as part of preparations for an upcoming onshore listing. Neither source indicates that the reported valuation or talks have been finalized. Overall, the reporting agrees that DeepSeek is considering fresh capital and that the valuation being discussed is in the low-to-mid $70 billion range.