[DeepSeek Reportedly Plans to Raise $7.4 Billion, Valuation Rises to $74 Billion] According to a report by Jinse Finance citing foreign media, DeepSeek is set to secure a new round of financing, which will bring the company's valuation to $74 billion. Sources familiar with the matter revealed that DeepSeek is seeking to raise $7.4 billion to support research and development as well as expand its computing infrastructure. This round of financing signifies a further increase in valuation compared to the previous round in June. Earlier reports indicated that investors, including Tencent, had valued DeepSeek at over $50 billion at that time. In the latest round of financing, existing shareholders such as investment firms Lishi Capital and Shixiang Capital, as well as CATL, will inject new funds into the company. In the previous round, DeepSeek required most investors to invest through a limited partnership managed by Liang Wenfeng. However, it is reported that in the latest round, the company will allow more investors to invest directly. According to individuals familiar with DeepSeek's financial situation, the company's annual recurring revenue (ARR) has reached $500 million. (Jin10)