# DeepSeek Hits $1 Billion Revenue Run Rate

> DeepSeek doubles annual revenue run rate to $1 billion ahead of Shanghai Stock Exchange IPO.
- Title: DeepSeek Hits $1 Billion Revenue Run Rate · Pymnts | Shortify
- Summary: DeepSeek doubles annual revenue run rate to $1 billion ahead of Shanghai Stock Exchange IPO. DeepSeek reported $1 billion annualized revenue run rate as it…
- Keywords: deepseek, shanghai stock exchange, ipo, revenue run rate, ai models, nvidia chips, funding round, 50 billion yuan, 75 billion yuan, business, finance, Hits
- Source: Pymnts — https://pymnts.com/news/artificial-intelligence/2026/deepseek-doubles-annual-revenue-run-rate-to-1-billion-ahead-of-ipo
- Author: PYMNTS
- Published: 2026-09-24T19:38:55+00:00
- Read time: 1 min
- Topics: deepseek, shanghai stock exchange, ipo, revenue run rate, ai models, nvidia chips, funding round, 50 billion yuan, 75 billion yuan, business, finance
## Revenue Run Rate
DeepSeek reported an annualized revenue run rate of $1 billion ahead of its Shanghai Stock Exchange IPO.
## Price Hike Impact
DeepSeek CEO Liang Wenfeng stated demand for its AI models was not impacted by last month’s price increase.
## Price Adjustment
DeepSeek raised model prices by 2.3 to 4.5 times but maintained prices among the lowest for major AI models.
## Funding Round
DeepSeek aims to raise 50 billion yuan ($7.5 billion) at a valuation of 500 billion yuan ($75 billion) in its second funding round.
## Revenue Growth
DeepSeek generated roughly 475 million yuan ($70.7 million) in the first seven months of 2026, about 10 times its 2025 revenue.
## Market Position
DeepSeek’s AI models offer performance comparable to U.S. rivals while using far fewer Nvidia chips.
## Key takeaway

DeepSeek reported $1 billion annualized revenue run rate as it prepares for Shanghai Stock Exchange IPO, with plans to raise 50 billion yuan ($7.5 billion) at a valuation of 500 billion yuan ($75 billion).