Kingsoft Cloud Holdings

Kingsoft Cloud Holdings Ltd. provides cloud storage and cloud computation services. It offers cloud platform consisting of cloud infrastructure, cutting-edge cloud products and architected industry-specific solutions across public cloud, enterprise cloud and AIoT cloud services. The firm’s products include computing, networking, storage & CDN, database, data analysis and security. It offers medical & healthcare solutions, supply chain finance solutions, e-government solutions, internet of vehicles solutions, media cloud solutions, big data education & training solutions, cloud integrated service and cloud gaming service. The company was founded in 2012 and is headquartered in Beijing, China.

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Kingsoft Cloud achieves milestone profitability in Q1 2024 earnings

Kingsoft Cloud's Q1 2024 earnings call highlighted a positive financial trajectory with adjusted EBITDA turning positive for the first time, underpinned by revenue growth and margin improvements.
The company's focus on high value-added products, AI opportunities, and sustainability efforts positions it well for future growth and profitability.
While challenges like margin improvement pace and market pricing strategies exist, opportunities in AI, revenue mix adjustments, and cost controls offer avenues for continued success.
Investors and analysts are keen on understanding the drivers of AI revenue growth and the company's total CapEx guidance, indicating interest in future strategic moves and financial performance.

Kingsoft Cloud reports improved Q2 profitability and eyes AI growth

Kingsoft Cloud's Q2 2024 performance reflects improved profitability, revenue growth, and effective cost management.
The company's strengths lie in technological leadership, market presence expansion, and cash-generating ability from operations.
Challenges include revenue diversification, margin sustainability, and balancing cost reductions with growth investments, while opportunities exist in AI, market expansion, and strategic partnerships.

Kingsoft Cloud reports strong Q3 growth, eyes ecosystem opportunities

Kingsoft Cloud's Q3 2024 performance reflects robust revenue growth, profitability improvements, and a focus on strategic segments like AI.
The company's strengths lie in capitalizing on ecosystem opportunities, maintaining financial stability, and driving growth through key partnerships.
Challenges include addressing analyst inquiries, managing capital expenditures, and balancing growth with profitability.
Opportunities exist in further leveraging ecosystem partnerships, expanding AI business, and exploring synergies for sustainable growth.

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BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it has published its first Environmental, Social and Governance (ESG) Report (the “Report”). The Company delivered the Report within one year after it went public in May 2020, taking a leading position championing ESG values, which speaks to the great importance that the Company attaches to its ESG responsibility.

Kingsoft Cloud Releases First Environmental, Social and Governance Report

Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q4 2020 Results - Earnings Call Transcript

The Chinese cloud computing specialist reported fourth-quarter results.

Why Kingsoft Cloud Stock Crashed Today

BEIJING, March 17, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results

BEIJING, March 10, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020 before the open of U.S. markets on Wednesday, March 17, 2021.

Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2020 Financial Results on March 17, 2021

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Kingsoft Cloud is a Top 5 IaaS vendor in China and it is expanding at a high speed. The industry is still at an early stage in China and top IaaS companies all have heavy initial costs, especially IDC expenses.

Kingsoft Cloud's Place In The Chinese Cloud Ecosystem

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BEIJING, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ: KC), a leading independent cloud service provider in China, today announced that it will be included in the MSCI China Index, effective after the U.S. market close on November 30, 2020.

Kingsoft Cloud to be Added to MSCI China Index

Kingsoft Cloud is the largest independent cloud service provider in China. It has delivered phenomenal revenue growth amid ongoing digital transformation trends and the increasingly rapid rollout of enterprise cloud projects across China.

Kingsoft Cloud: Buying Ahead Of Short-And-Long-Term Drivers

Kingsoft Cloud posts accelerating top line growth in FQ3, which is benefiting the bottom line as well. The company is now on track for adj. EBITDA breakeven by FQ4.

Kingsoft Cloud: A Reasonably Priced Chinese Cloud Services Play

The Chinese cloud services provider reported third-quarter earnings results.

Why Kingsoft Cloud Stock Tanked Today

Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q3 2020 Results - Earnings Call Transcript

BEIJING, China, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.

Kingsoft Cloud Announces Unaudited Third Quarter 2020 Financial Results

BEIJING, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2020 before the open of U.S. markets on Wednesday, November 18, 2020.

Kingsoft Cloud to Report Third Quarter 2020 Financial Results on November 18, 2020

BEIJING, Sept.  24, 2020  (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced the pricing of a public offering of 8,000,000 American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company (the “Primary ADS Offering”). In addition, several selling shareholders are offering 8,421,576 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”), at US$31.00 per ADS. Kingsoft Cloud will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company has granted the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2,463,240 ADSs.

Kingsoft Cloud Announces Pricing of Follow-on Public Offering of American Depositary Shares

The Chinese cloud provider announced a stock offering and strategic partnership.

Why Kingsoft Cloud Stock Plunged Today

BEIJING, Sept.  21, 2020  (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced the commencement of the offering of 8,000,000 American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company (the “Primary ADS Offering”). In addition, several selling shareholders are offering 9,677,310 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”). Kingsoft Cloud will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company intends to grant the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2,651,600 ADSs from the Company.

Kingsoft Cloud Announces Proposed Follow-on Public Offering of American Depositary Shares

BEIJING, Sept.  21, 2020  (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced that the Company has recently entered into a multi-year strategic framework agreement (the “Agreement”) with CEC D-Commerce Technology (Shanghai) Co., Ltd. (“CEC D-Commerce Tech”), to invest in and expand healthcare cloud services, re-engineering the data services layer, and improving the analytical capabilities of healthcare organizations across China.

Kingsoft Cloud and CEC D-Commerce Tech Form Strategic Partnership to Drive Healthcare Cloud Development in China

Kingsoft Cloud: More Upside Possible After Strong Q2

Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q2 2020 Results - Earnings Call Transcript

BEIJING, Aug.  18, 2020  (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Kingsoft Cloud Announces Unaudited Second Quarter 2020 Financial Results

BEIJING, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2020 before the open of U.S. markets on Tuesday, August 18, 2020.

Kingsoft Cloud to Report Second Quarter 2020 Financial Results on August 18, 2020

Kingsoft Cloud: One Of The Best Opportunities In The Market

News for Kingsoft Cloud Holdings Stock (KC)