According to InfoQ, DeepSeek founder Liang Wenfeng decided to suspend the new round of funding after content from a 4-hour closed-door investor meeting was leaked. The round had a pre-money valuation of approximately $71 billion, and IPO preparations were also paused. Liang emphasized the open-source strategy during the meeting: 'We will definitely open-source, including our strongest models,' and stated 'we only aim for six times profit,' adding that open-source has no impact on the business model.
The leak originated from unauthorized dissemination of meeting minutes. Liang required the team to reassess information disclosure processes. Previously, DeepSeek had just completed its first funding round and was reported to offer interns a daily salary of 5,500 yuan, with an internal scoring review mechanism to prevent salary inversion.
Additionally, DeepSeek has begun IPO preparations, planning to list in mainland China, with the earliest application this year and completion by 2027, though the timeline may be adjusted.