Kingsoft Cloud to Issue 8 Million Additional Shares
Kingsoft Cloud (KC:NASDAQ) announced to issue 8 million additional American ADS. 90% of the proceeds collected from the additional shares will fund the cloud infrastructures and product R&D process.
Kingsoft Cloud is controlled by Kingsoft (03888:HK). Kingsoft is one of the oldest and largest software providers in China. Kingsoft spun off three public companies Kingsoft Office(688111:SH), Cheetah Mobile (CMCM：NYSE) and Kingsoft Cloud.
This text is a result of machine translation.
Related companies：
Briefing Oct 20, 2023 06:03 PM
· Technology
China’s OpenAI Challenger Zhipu AI Secures Over CNY 2.5 Billion to Step Further on Large-Scale Model
In-depth
Briefing Sep 18, 2023 07:40 PM
· Technology
4Paradigm Initiates IPO Today and Targets HKSE on September 28
Briefing Feb 23, 2023 10:34 AM
· Technology
Em-Data Technology Completed Strategic Financing Round
Jan 05, 2023 07:33 PM
Nov 10, 2022 02:39 PM
Nov 08, 2022 08:32 AM
Aug 09, 2022 04:42 PM
Briefing Feb 01, 2023 03:49 PM
· Technology
Bioanalytical Company InterBio Completed Pre-A Round of Financing
Briefing Jan 08, 2023 02:13 PM
· Technology
Chinese Digital Company Hengyuan Technology Raised CNY 100 Mn from Series B Financing Round
Briefing Aug 24, 2021 09:11 PM
Jinshan Software: the net profit in the first half of the year was 165 million yuan, a year-on-year decrease of 98%
Briefing Jul 21, 2021 03:11 PM
The latest position of Qu Yang, fund manager of Qianhai open source: Hong Kong stocks redistributed, Tencent holdings and BYD holdings increased
Briefing May 27, 2021 02:04 AM
Kingsoft can increase profit considerably in Q1 2021
Briefing Nov 19, 2020 07:59 PM
Small friction reduced its holdings of 1.164027 million shares of Jinshan software, with the latest shareholding ratio of 7.98%
Briefing Aug 18, 2020 07:03 PM
· Technology
Kingsoft Cloud Reports 2Q 2020 Revenue CNY 1.54 Bn, YOY 64.1%
Briefing Jul 24, 2020 03:22 PM
· Technology
Xiaomi Uses ByteDance's Feishu Internally, Lei Jun Says
Briefing Jul 24, 2020 02:08 PM
· Technology
IDC: China's Public Cloud Service Market Tops USD 3.92 Billion
See more
Read next
Insight
In-depth
Technology · Analysis
How Can Solar Companies Seize Opportunities in the Post-Subsidy Era?
Yesterday 05:23 PM
Insight
In-depth
Insight
In-depth
Consumer Staples · Analysis
Mexicans Who Can’t Afford Tacos Flock to Chinese Restaurants
Oct 08, 2024 11:11 AM