Cloopen closes the book on fraud case, looks to rebuild
The U.S. securities regulator charged the cloud services provider with fraud for falsifying revenue, but didn’t impose any fine due to the company’s cooperation in the investigation Key Takeaways: The…
Cloopen destined for delisting, or a new Luckin set for comeback?
The cloud services provider was once worth as much as $8 billion, but has lost most of its value following an accounting scandal Key Takeaways: Cloopen intends to appeal a…
Cloopen: A Clean Cloud, or Still Under Stormy Skies?
Cloud services provider’s investigation confirms revenue inflation last year, while separate, but similar, investigation by retailer Miniso finds no evidence of misleading claims involving its franchise model Key Takeaways: An…
Kingsoft Cloud Gets Pelted by Storm Over Locked Novel
Shares of China’s largest independent cloud services provider fell 12% after a social media storm erupted over a novelist who lost access to her work Key Takeaways: Kingsoft Cloud’s shares…
Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors
The provider of cloud-based services said it will start an internal probe into employee misconduct and transaction irregularities, following the recent resignation of its auditor Key takeaways: • Cloopen said…
Share Buybacks Bring Mixed Results for Smart Share Global, Cloopen
Two China tech firms are the latest in a recent string to announce share repurchases with hopes of boosting their sagging stocks Key points: Smart Share Global’s shares surged after…
Cloud Specialist Cloopen Remains Stuck on Earth
Company’s shares rally after latest results announcement shows solid growth, only to sink, then rise again, as stock trades at fraction of IPO price Key takeaways: Cloopen’s revenue grew 48%…
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