Technology Aug 18, 2020 07:03 PM (GMT+8)
Kingsoft Cloud (KC:NASDAQ) released the second quarter financials of the year, recognizing revenue of CNY 1,535 million. Its public IaaS services realized earnings of CNY 1,287 million, YOY 48.6%.
Comparing to the first-quarter financials, the quarterly revenue growth of Kingsoft Cloud reached 10.4%. Meanwhile, the net loss expanded to CNY 420 million.
The initial investment of cloud services will further to add pressure on the company at the early stage.
This text is a result of machine translation.