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NetEase is a Chinese Internet technology company that provides online services focused on content, community, communication, and commerce.

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Liang Wenfeng personally invested approximately RMB 20 billion in DeepSeek’s Series A funding round.

According to a report by the Star Market Daily, multiple investment institutions have confirmed that DeepSeek’s Series A funding round has likely been finalized. Founder Liang Wenfeng personally contributed approximately RMB 20 billion, making him the largest single investor in this round; Tencent contributed approximately RMB 10 billion; the CATL ecosystem—including CATL and Puquan Capital—contributed approximately RMB 5 billion; NetEase, JD.com, Monolith Lisi Capital, and IDG Capital each contributed approximately RMB 3 billion; Zhengxin Valley Investment and Shixiang Technology each contributed approximately RMB 1.5 billion.

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DeepSeek is reportedly set to complete a funding round of approximately $7 billion, with a valuation as high as $59 billion.

According to Reuters, citing sources, DeepSeek plans to raise approximately $7 billion in its Series A funding round, with a valuation as high as $59 billion. Tencent and CATL will be DeepSeek’s largest external investors; NetEase and JD.com also plan to participate in the investment.

Web3 user-generated content platform Tomoland raises $2 million in funding, led by Sky9 Capital

According to GlobeNewswire, Web3 user-generated content (UGC) platform Tomoland has announced a $2 million funding round led by Sky9 Capital, with participation from WAGMI Ventures, Aureus Dealers, and angel investors from Meta, Depinx Capital, NetEase, and Virtuals. The new capital will support the development of a system that integrates user-generated content with Web3 ownership, and accelerate the convergence of gaming ecosystems with the Web3 economy.

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