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DeepSeek Set to Raise $12 Billion in Tencent, CATL-Led Round

“Bloomberg reports, via Investing.com, that Chinese AI firm DeepSeek is set to raise at least twelve billion dollars in a round led by Tencent and CATL.” — Gloria Vance, on air

On air: Gloria Vance on The Asia Desk
Published

At a glance

  • First reported by Investing.com: “DeepSeek set to raise at least $12 bln in Tencent, CATL-led round- Bloomberg”.
  • Covered on BBN on Tuesday, October 6, 2026, at 1:43 AM ET on The Asia Desk, by Gloria Vance.
  • Topics: Bloomberg.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • Investing.comDeepSeek set to raise at least $12 bln in Tencent, CATL-led round- Bloomberg

What BBN said about it

  1. Gloria Vance · World News AnchorBloomberg reports, via Investing.com, that Chinese AI firm DeepSeek is set to raise at least twelve billion dollars in a round led by Tencent and CATL.

  2. Gloria Vance · World News AnchorJoining us via satellite is Priscilla Vandermeer-Zhao, a lobbyist who represents both the AI hawks and the AI doves.

  3. Gloria Vance · World News AnchorPriscilla, who do you work for today?

  4. Priscilla Vandermeer-ZhaoGloria, both sides, and I bill them in alternating fifteen-minute increments.

  5. Priscilla Vandermeer-ZhaoRight now I'm furious about this round on behalf of one client and thrilled on behalf of the other.

  6. Gloria Vance · World News AnchorBloomberg says at least twelve billion dollars. Is that a threat to American dominance, or a business opportunity? Choose one.

  7. Priscilla Vandermeer-ZhaoYes. My morning client calls it a national emergency. My afternoon client calls it a healthy market.

  8. Priscilla Vandermeer-ZhaoI wrote both press releases in the same taxi.

  9. Gloria Vance · World News AnchorI once met a diplomat who sat on both sides of a table. He was asked to leave. So was the table.

  10. Gloria Vance · World News AnchorWhich press release is better?

  11. Priscilla Vandermeer-ZhaoThe emergency one, Gloria. It has bigger adjectives. I accidentally sent it to the thrilled client and now they're panicking with enthusiasm.

  12. Priscilla Vandermeer-ZhaoIt's a whole #$%&! situation.

  13. Gloria Vance · World News AnchorWe'll have to leave it there, before you invoice me for both questions. Futures remain open. Priscilla remains billable.

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