Why Kingsoft Cloud Holdings Ltd (KC) Skyrocketed in Q4

Yahoo Finance42minutes ago

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.

Zhitong FinanceJan 8 21:50 ET

Benefiting from the surge in demand for intelligent computing services, Kingsoft Cloud has gained further favor in the market.

The report titled "China's Intelligent Computing Service Market (First Half of 2024) Tracking" released by the well-known research Institution IDC shows that in the first half of 2024, China's intelligent computing service overall market grew by 79.6% year-on-year, with a market size reaching 14.61 billion yuan. According to IDC's forecast, the compound annual growth rate of China's intelligent computing service market from 2023 to 2028 will reach 56.2%. This reflects the enormous potential of China's intelligent computing service market. Industry analysis suggests that with the development of AI technology, the momentum for the development of the computing power industry in our country will continue to be strong, and computing power infrastructure manufacturers will welcome a new round of development opportunities. Kingsoft Cloud, as a leading domestic provider.

Gelonghui FinanceJan 7 22:21 ET

Kingsoft Cloud Holdings' Affiliate to Sell, Lease Back Assets for 500 Million Yuan

MT NewswiresJan 7 06:31 ET

Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket

Moomoo 24/7Jan 6 06:48 ET

Kingsoft Cloud (03896.HK): Yangtze River United Financial Leasing provides financing Rental & Leasing Services to Kingsoft Cloud (Qingyang) Data Information Technology.

On January 6, Gelonghui reported that Kingsoft Cloud (03896.HK) announced that Yangtze River United Financial Leasing Co., Ltd. has agreed to provide financing and leasing services to Kingsoft Cloud (Qingyang) Data Information Technology Co., Ltd. (the company's consolidated subsidiary) through the sale and leaseback of several Servers. The total principal amount of the financing lease is 500 million yuan, with a term of 3 years. The guarantee will be provided by the company's consolidated subsidiary and Kingsoft Cloud (Qingyang)'s parent company, Peking Kingsoft Cloud Network Technology Co., Ltd., with an annual interest rate of approximately 3.88%. The company believes that the proposed Trade will help supplement working capital, broaden financing channels, and increase the company's capacity.

Gelonghui FinanceJan 6 06:30 ET