Kingdee Inches Back Toward Profitability as Transformation Accelerates
One of China’s oldest software makers said three-quarters of its revenue came from cloud-based services last year, tripling its share of the company’s revenue pie compared with 2017Key Takeaways:Kingdee said…
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…
Despite iQiyi Denial, Is Baidu Set to Roll Credits on Its Video Affiliate?
Baidu is rumored to be seeking to sell its controlling stake in iQiyi, a video platform dubbed “China’s Netflix”. The report was denied by iQiyi, but Baidu’s silence is stoking market…
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…
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…
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%…
Interior Design Specialist Manycore Aims to Become China’s Autodesk
Money-losing cloud-based services provider files for New York IPO that could value it at up to $1 billion Key Takeaways Manycore has emerged as the clear leader in China's computer-assisted…
