BRIEF: Kingsoft Cloud raises $359 million to support AI expansion
Cloud computing services provider Kingsoft Cloud Holdings Ltd. (3896.HK; KC.US) said on Wednesday it placed 338 million new shares at HK$8.29 apiece to raise HK$2.8 billion ($359 million) The offer…
Xunlei rediscovers its ‘thunder’ with return to video roots
The provider of cloud and video services’ revenue rose 30.6% in the second quarter, boosted by an 86% rise for its livestreaming services Key Takeaways: Xunlei’s stock is up more…
Xunzhong eyes Southeast Asia for relief from China’s stormy cloud
The niche provider of cloud communications services has filed for a Hong Kong IPO, signing DBS as its lead underwriter to raise its profile in Southeast Asia Key Takeaways Xunzhong…
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…
Baijiayun eyes more fundraising to feed its young, cash-hungry video empire
The provider of cloud-based video technologies plans to sell new shares to fund its acquisition-driven growth, even as its operating losses balloon Key Takeaways: Baijiayun plans to sell about 1.9…
Price war rains on Kingsoft Cloud despite improving profitability
The cloud services provider reported a sharp gross margin increase in the first quarter as it jettisoned less-profitable customers Key Takeaways: Kingsoft Cloud reported its first-quarter revenue fell 14.2%, but…
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…
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