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Kingsoft Cloud Grants Restricted Share Units to Employees
Kingsoft Cloud (03896) granted a total of 97.0759 million restricted stock units based on the 2021 Stock-based Incentive plan.
Kingsoft Cloud (03896) announced that the company will on January 24, 2025 (Eastern Time, USA) according to...
Kingsoft Cloud (03896.HK) granted a total of 97.0759 million restricted share units.
On January 24, Glonghui announced that Kingsoft Cloud (03896.HK) granted a total of 97,075,903 restricted share units to several employee participants in accordance with the terms of the 2021 Stock-based Incentive Plan, subject to acceptance, equivalent to 97,075,903 related shares or approximately 6,471,726 American Depositary Shares (adjusted down to the nearest whole number of American Depositary Shares).
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The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
U.S. stocks are moving differently | Some China Concept Stocks are rising, with GDS Holdings (GDS.US) up over 5.6%.
Some China Concept Stocks are rising.
Liu Tao, Senior Vice President of Kingsoft Cloud: Innovations in Cloud Computing technology are a powerful catalyst for the development of AI.
Currently, AI and large models are rapidly transitioning from technological innovation to industrial transformation, and AI Agents are drawing significant attention as the next tipping point in the Industry. Looking ahead to the next decade, Cloud Computing will undoubtedly become a solid foundation and core driving force for the development of AI.
U.S. stock movement | The company announces an upgrade to its intelligent computing service system, Kingsoft Cloud (KC.US) rose nearly 5% in pre-market trading.
On Tuesday, Kingsoft Cloud (KC.US) rose nearly 5% in Pre-Market Trading, reaching $9.604.
Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth.
Express News | Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth
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Hong Kong stock movement | Kingsoft Cloud (03896) rose more than 6% in early trading, benefiting from the huge demand for Cloud Computing Service from Xiaomi Group and KINGSOFT Group in the future.
Kingsoft Cloud (03896) rose more than 6% in early trading. As of this report, it has increased by 4.14%, priced at 5.53 Hong Kong dollars, with a trading volume of 0.186 billion Hong Kong dollars.
U.S. stock market close: the three major indexes varied in performance; Huang Renxun's remarks caused a collapse in the Quantum Computing Sector.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.