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DeepSeek is seeking about $7.4bn in new funding that would value the company at roughly $74bn, sources said. Proceeds are intended for R&D and expansion of compute infrastructure. Existing shareholders including Lisi Capital, Shixiang Capital and CAT

2026-08-27

DeepSeek is seeking about $7.4bn in new funding that would value the company at roughly $74bn, sources said. Proceeds are intended for R&D and expansion of compute infrastructure. Existing shareholders including Lisi Capital, Shixiang Capital and CATL are expected to participate; Tencent had valued DeepSeek at over $50bn in a June round. The company will allow more investors to invest directly in this round rather than routing most allocations through a limited partnership managed by Liang Wenfeng. DeepSeek’s annual recurring revenue is about $500m.

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2026-08-27

Russian e-commerce platform Ozon: Its logistics facilities in Orenburg and Ufa were attacked by drones.

Russian e-commerce platform Ozon: Its logistics facilities in Orenburg and Ufa were attacked by drones.
2026-08-27

China A-shares rose into midday: Shanghai Composite +0.6%, Shenzhen Component +1.19%, ChiNext +1.51%. CPO-related names led gains — Saiwei Electronics hit 20% limit up; Changxin Bochuan, Shengyi Electronics, Juguang Technology and Kexiang Co. each ro

China A-shares rose into midday: Shanghai Composite +0.6%, Shenzhen Component +1.19%, ChiNext +1.51%. CPO-related names led gains — Saiwei Electronics hit 20% limit up; Changxin Bochuan, Shengyi Electronics, Juguang Technology and Kexiang Co. each rose over 10%. PCB sector also strong — Kent Co. hit 20% limit up; Zhongying Technology and Oukeyi climbed over 10%; Hongchang Electronics, Dongwei Technology and Taijin New Energy recorded multiple constituents at limit up. Precious-metals advanced: Zhaojin Gold and Hunan Gold hit limit up; Sichuan Gold, Hunan Silver, Chifeng Gold, Zhuye Group and Hengbang Co. also rose. Banking weakened: Zheshang Bank and Changshu Bank fell more than 3%; China Minsheng Bank, Bank of Chongqing and Huaxia Bank declined. Bioproducts slid: Nearshore Protein and Sanyuan Gene fell over 5%; Nuoweizan, Baiotai and Weiguang Biological also moved lower.
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