DeepSeek Industry Chain Panoramic Analysis

English summary

### DeepSeek Industry Chain Panoramic Analysis

Time: 2026-07-31 16:35:41

Content: Core drivers of DeepSeek industry chain: On July 31, 2026, the official API of DeepSeek-V4-Flash was launched for public beta, with significantly enhanced Agent capabilities, and benchmark tests far exceeding the V4-Pro-Preview released in April; the official version of DeepSeek-V4-Pro will be launched in early August. This round's valuation is approximately RMB 325-357.1 billion (Jiuan Medical announced a look-through calculation of RMB 357.143 billion), placing it in the first valuation tier of domestic large models along with Zhipu AI and Moonshot AI. The explosion of DeepSeek has driven order realization across the entire chain of "AI chip adaptation → Ascend servers → data centers → data services". Industry significance: DeepSeek was founded by High-Flyer Quant, and founder Liang Wenfeng explicitly stated that "the main constraint is not capital, but access to high-end computing power." …