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A weekly roundup reports DeepSeek is considering raising about 100 billion yuan in its latest round, Today AI has closed over $200 million in funding, China's MIIT says 60 billion yuan of the national AI fund has backed a batch of projects, and MiniMax shares fell below their Hong Kong IPO price.
If DeepSeek closes the reported round of about 100 billion yuan, it would rank among the largest AI financings in China and would fund compute procurement, while MiniMax's share decline shows divided investor sentiment on AI valuations.
Trade pressSlicast · October 25, 2026 at 09:29 UTC · China · Source: 钛媒体
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