DeepSeek is close to finalizing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent Holdings Ltd. and its own founder in one of China’s largest startup financings, a milestone for a domestic AI industry seeking capital to take on marquee US names like OpenAI.

PaXini Tech, a maker of dexterous robotic hands and humanoid robots, is considering a Hong Kong initial public offering, people familiar with the matter said, the latest in the sector looking to tap investor demand.