DeepSeek may file mainland IPO application this year

DeepSeek, the Hangzhou-based AI model developer, is preparing for a mainland IPO and may file its application as soon as this year. The company targets a 2027 debut and is currently in discussions with banking and accounting advisers. Additionally, DeepSeek is seeking further private funding. Following reports of these IPO preparations, China AI stocks have risen. The company continues to coordinate with financial experts to facilitate its transition toward becoming a publicly traded entity.