Woofun AI reports that DeepSeek’s annual recurring revenue approaches $500 million, supported by a gross margin exceeding 50% from sales of its V4 flagship model. The company has secured $7.4 billion in prior funding and is initiating a second financing round targeting overseas investors, particularly from the Middle East.

Additionally, DeepSeek has engaged investment banks to facilitate a potential listing on the Shanghai STAR Market, with plans to go public next year.