Chinasoft pays a premium for AI push into the power sector
The IT and software services giant is stumping up $141 million to gain a bigger foothold for its AI solutions in the power-generation and new-energy industry Key Takeaways: Chinasoft plans…
Kingsoft Cloud finds sunnier skies in AI cloud
The company’s revenue grew strongly and its loss narrowed sharply in the first half of the year, as it aggressive its develops AI cloud services Key Takeaways: Kingsoft Cloud reported…
BRIEF: Kingsoft Office first-quarter profit soars on investment gains
Software developer Kingsoft Corp. Ltd. (3888.HK) said on Monday that its Beijing Kingsoft Office Software Inc. (688111.SH) subsidiary expects to report its net income totaled between 2.02 billion yuan ($296…
Auto parts platform Casstime sets IPO course on EV hopes
The operator of a digital hub for automotive components and services is seeking a Hong Kong listing, citing plans to expand its coverage to meet rising demand Key Takeaways: Casstime…
From software to the skies, China’s self-sufficiency drive meets economic reality
A key government document on rare earths was created using homegrown Chinese word processing software. And China's homegrown C919 regional jet has suffered a setback.
Beijing software pivot puts Kingsoft in focus. But can it deliver?
A government announcement on a document using the company’s word processing program stirred expectation for accelerated import substitution in software systems Key Takeaways: The Chinese government’s use of Kingsoft word…
BRIEF: Kingsoft Office’s first-quarter profit climbs 10%
Kingsoft Corp. Ltd. (3888.HK) said on Wednesday that its Beijing Kingsoft Office Software Inc. (688111.SH) subsidiary’s revenue rose 6.2% year-on-year to 1.3 billion yuan ($1.78 million) in the first quarter,…
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