Released V4-Pro and V4-Flash open-weight models with up to 1.6 trillion parameters

Released DeepSeek-V4 with 1M-token context at 10% KV cache cost

Initiates first external fundraising round, targeting at least $300M at a $10B+ valuation to set a benchmark for employee stock options.

Delays to DeepSeek-V4 model due to Huawei Ascend chip compatibility work

Lost core researchers Luo Fuli to Xiaomi and Guo Daya to ByteDance

Seeking first external funding round of $300M+ at $10B+ valuation

Launched unified coding subscription plan offering four AI models for $3

Qwen family captured over 50% of global open-source AI model downloads, reaching nearly 1 billion cumulative downloads on Hugging Face.

Released Qwen 3.5 flagship model series, positioned as on par with leading US proprietary models.

Released Qwen 2.5, marking the beginning of a decisive shift away from popular US models like Llama.