Kingsoft Cloud (03896) soared by over 16%, with a cumulative increase of over 50% in the past 5 trading days. As of the time of reporting, it rose by 11.35% to HK$2.06, with a turnover of 0.106 billion Hong Kong dollars.
According to the Wise News APP, Kingsoft Cloud (03896) soared by over 16%, with a cumulative increase of over 50% in the past 5 trading days. As of the time of reporting, it rose by 11.35% to HK$2.06, with a turnover of 0.106 billion Hong Kong dollars.
On the news front, Kingsoft Cloud previously announced that its consolidated affiliated entity, Kingsoft Cloud (Qingyang) Data, has entered into a financing lease framework agreement with China Cinda's non-wholly-owned subsidiary, Wintrust Financial Leasing. According to this, Wintrust Financial Leasing will provide financing lease services to Kingsoft Cloud (Qingyang) Data through direct financing lease method, with a total financing amount not exceeding 0.3 billion yuan. The target assets are servers and other accessories (including CPU, hard drive, and data cables).
The company believes that entering into the financing lease framework agreement will enable it to obtain servers and other accessories at a lower initial cost, further promoting its business operation and development in the field of cloud services, and accelerating investment in artificial intelligence infrastructure.