SITUATION EXPLAINED: DeepSeek is closing a $15 billion raise, and its backers include Tencent, CATL, and a dishwasher maker. • The round is about 100B yuan, double the original 50B yuan target, at roughly 500B yuan (about $70B) before the new money • Carmaker Geely, delivery giant Meituan, and chipmaker GigaDevice joined too • Most of the backers are companies in China’s tech supply chain rather than VC firms, which could make DeepSeek a core part of that chain • That valuation is a fraction…