DeepSeek's Revenue in First 7 Months of This Year Nearly 475 Million Yuan, 10 Times Last Year's Total
Bubble signal: +1 · Overheating evidenceRelevance 85FundingChina
Source: IT Home · Published 2026-08-26
Summary
According to The Information, citing sources, DeepSeek's revenue in the first 7 months of this year was about 475 million yuan, roughly 10 times its full-year 2025 figure, though net loss still reached 715 million yuan. The company is pushing a second funding round targeting 50 billion yuan at a valuation of 500 billion yuan, and plans to list in Shanghai next year. Despite revenue far below US peers, gross margin has reached 44.6%, with API business margin as high as 82.9%.
Bubble analysis
DeepSeek's rapid revenue growth is accompanied by losses and a valuation of 500 billion yuan far exceeding its revenue scale, indicating AI startup valuations may be detached from fundamentals, a sign of bubble risk.
#china#valuation#deepseek#funding
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