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[Hong Kong Stock Connect] Kingsoft Cloud (03896) dropped 5.30% during the session, following a 13% decline in US stocks overnight. DeepSeek has lowered API prices.

Kingwo Financial News | Kingsoft Cloud (03896) opened lower and then rose slightly, but continued to decline afterward. As of the time of this report, it is priced at HKD 8.39, down 5.30%, with a turnover of HKD 0.458 billion. On February 27, Eastern Time, Kingsoft Cloud (KC) closed down 13.03% in the US market, priced at USD 16.49. In terms of news, on February 26, DeepSeek announced a price reduction for its APIs on its open platform, with DeepSeek-V3 reduced to 50% of the original price and DeepSeek-R1 reduced to 25%. Industry insiders point out that the Chinese company DeepSeek pushed.

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BenzingaFeb 27 13:49 ET

Lyon: It is expected that there will be no extreme price wars in the mainland cloud market in the short term, and Kingsoft Cloud (03896) is likely to see growth in Gen AI revenue.

There will not be an extreme price war in the mainland cloud market in the short term, as all cloud service providers in the mainland have experienced two years of losses or reduced low-profit business.

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