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…
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…
Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong as Delisting Risk Grows
Kingsoft Cloud seeks to list in Hong Kong after being placed on a long list of Chinese companies that can be delisted in the U.S. under a law that requires…
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…
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…
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