Per Woofun AI, DeepSeek's first round of financing has likely been finalized, with founder Liang Wenfeng emerging as the dominant backer through a personal contribution of approximately 20 billion yuan. This substantial capital injection positions him as the largest single investor in the series, underscoring the project's high valuation and strategic importance.

Institutional backing is equally robust, with Tencent committing around 10 billion yuan and the CATL system, encompassing CATL and Puquan Capital, deploying approximately 5 billion yuan. Further participation includes NetEase, JD.com, Monolith Capital, and IDG Capital, each investing roughly 3 billion yuan, while Zhengxingu Investment and Shixiang Technology contributed approximately 1.5 billion yuan each, completing a diverse and heavily capitalized investor syndicate.