DeepSeek, a leading AI company, has reached a market valuation of approximately 351 billion yuan following its latest financing round, according to an announcement by Kairun Co., Ltd. The disclosure was made in an investment progress report released on July 16. A source close to DeepSeek confirmed that the company is now initiating a second round of financing. However, it remains undecided whether DeepSeek will pursue a listing on the STAR Market by the end of the year.