BRIEF: Kingsoft Cloud’s loss narrows as Lei Jun steps down as chairman
Cloud computing services provider Kingsoft Cloud Holdings Ltd. (3896.HK, KC.US) announced on Wednesday that its net loss narrowed 52% last year to 936 million yuan ($136 million) from a net…
BRIEF: Montage Technology’s profit surges on strong AI demand
Cloud computing chip designer Montage Technology Co. Ltd. (6809.HK; 688008.SH) saidFriday that its revenue reached 5.46 billion yuan ($796 million) last year, up 50% year-on-year, while its profit rose 58.4%…
GDS under pressure to step up overseas expansion as China market cools
The data center operator’s revenue growth slowed in the third quarter, as it officially launched its first offshore data center in Malaysia Key Takeaways: GDS’ revenue grew 6.4% in the…
GDS Shifts to Deal-Making High-Gear to Keep Funding Its Money-Losing Operations
The data center operator is reportedly in talks to sell a stake in its international business, just a month after raising $580 million from a bond sale Key Takeaways: GDS…
Spurned by New York, Kingsoft Cloud Looks for Love in Hong Kong
China’s largest independent cloud services provider says it’s exploring a second listing in Hong Kong, following a 57% plunge in its shares over three trading days Key Takeaways: Kingsoft Cloud…
