Kingsoft Cloud (03896.HK) will hold a Board of Directors meeting on March 19 to approve the fourth quarter performance.

Gelonghui, March 4th | Kingsoft Cloud (03896.HK) announced that the Board of Directors meeting will be held on March 19, 2025, to consider and approve (i) the unaudited fourth-quarter results for the three months ending December 31, 2024, of the company, its subsidiaries, and consolidated affiliated entities, along with their release, and (ii) the unaudited annual results for the group for the year ending December 31, 2024, along with their release.

Gelonghui FinanceMar 4 05:57 ET

KINGSOFT CLOUD: DATE OF BOARD MEETING

HKEXMar 4 05:55 ET · Announcements

U.S. stocks and Chinese concept stocks fell sharply, Secondary Listings on HKEX were under pressure, and GDS Holdings (09698) dropped 14.91%.

Jingwu Financial News | The USA confirmed an increase in tariffs on Canada and Mexico, triggering a strong reaction in the US stock market, where the VIX fear index surged by 16%, and all three major US indices fell significantly. As a result, the Nasdaq China Golden Dragon Index dropped nearly 3%, and US-listed Chinese stocks generally followed the market downturn, with AI-related stocks and Autos experiencing the most significant declines.

Jinwu Financial News.Mar 3 20:56 ET

[Brokerage Focus] China Securities Co.,Ltd.: The decline in computing power costs is a necessary condition for the explosion of AI large model applications. Pay attention to the Industry Chain of computing power infrastructure.

Jinwu Financial News | China Securities Co., Ltd. Research Reports indicate that based on DeepSeek's disclosure, in the 24 hours from February 27 to February 28, the total cost of DeepSeek-V3 and R1 inference services was $87,072 per day. If all token inputs and outputs are calculated based on DeepSeek R1's pricing, theoretically, the total income for DeepSeek in one day would be $562,027, resulting in a profit margin of 545%. However, since the pricing for DeepSeek-V3 is lower than R1, and the web and app versions are free, only some services generate income, plus

Jingwu Financial NewsMar 3 19:59 ET

Brokerage morning meeting highlights: DeepSeek reopens its source code, focusing on changes in AI applications.

At today's Brokerage morning meeting, HTSC proposed that DeepSeek be open-sourced again and focus on changes in AI applications; China International Capital Corporation believes that AI+finance is expected to reach a scaling inflection point; China Securities Co.,Ltd. stated that the performance resonance of lithium battery demand is signaling the beginning of a new cycle.

cls.cnMar 3 19:24 ET

Hong Kong stock morning report ｜ Trump's tariffs hard hit the US stock market, Shenzhen supports AI development.

① Trump announced that tariffs of 25% will be imposed on Canada and Mexico. ② The three major U.S. stock indexes fell sharply, and most China Concept Stocks declined. ③ OPEC+ will continue to advance the oil production increase plan set for April, and international Crude Oil Product futures prices dropped by over 1%. ④ The PMI for U.S. manufacturing declined to 50.3. ⑤ Shenzhen plans to build several 10E-level Asia Vets computing clusters.

cls.cnMar 3 18:19 ET