Kingsoft Cloud Holdings Ltd Stock Price, News & Analysis

Kingsoft Cloud (NASDAQ: KC), a leading Chinese cloud service provider, has announced a proposed offering of 282,000,000 ordinary shares to non-U.S. persons in offshore transactions. The offering will be conducted under Regulation S, with Morgan Stanley Asia Limited serving as the placing agent.

The company plans to utilize the proceeds by December 31, 2028, allocating 80% to support its AI business infrastructure and cloud service capabilities, while the remaining 20% will be used for working capital and other corporate purposes. The shares will not be registered under the U.S. Securities Act or offered to the public in Hong Kong.

Kingsoft Cloud (NASDAQ: KC) reported Q2 2025 financial results with total revenue increasing 24.2% year-over-year to RMB2,349.2 million (US$327.91M). The company's AI business showed remarkable growth, with gross billing rising 120% YoY to RMB728.7 million, representing 44.8% of public cloud services.

Revenue from public cloud services grew 31.7% YoY to RMB1,625.3 million, while enterprise cloud services increased 10.1% to RMB723.9 million. However, the company reported a net loss of RMB456.9 million, wider than the RMB353.7 million loss in Q2 2024. Non-GAAP EBITDA showed significant improvement, increasing 570.1% YoY to RMB406.0 million with a margin of 17.3%.

The company's cash position strengthened to RMB5,464.1 million as of June 30, 2025, boosted by a public equity offering and concurrent private placement to Kingsoft Corporation.

Kingsoft Cloud (NASDAQ: KC, HKEX: 3896), a leading Chinese cloud service provider, has scheduled its Q2 2025 earnings release for August 20, 2025, before U.S. markets open. The company will host an earnings conference call on the same day at 8:15 AM ET (8:15 PM Beijing/Hong Kong Time).

Participants can access the call by pre-registering through the company's registration portal to receive dial-in details. A live and archived webcast will be available on Kingsoft Cloud's investor relations website.

Kingsoft Cloud Holdings Limited (NASDAQ: KC, HKEX: 3896) announced that Mr. He Haijian will resign from his positions as executive Director and Chief Financial Officer, effective June 30, 2025. Mr. He, who also served as a member of the corporate governance committee, is stepping down due to personal commitments after five years with the company. He confirmed having no disagreements with the Board or pending matters requiring shareholder attention. Chairman Lei Jun expressed gratitude for He's leadership and contributions. The company plans to appoint a new CFO and maintains its commitment to executing strategic priorities. Kingsoft Cloud is a leading Chinese cloud service provider offering comprehensive cloud infrastructure, cloud-native products, and industry-specific solutions.

Kingsoft Cloud (KC) reported its Q1 2025 financial results, showing mixed performance. Total revenue reached RMB1,970.0 million ($271.5M), up 10.9% YoY but down 11.7% QoQ. The company's AI business saw significant growth with gross billing increasing 228% YoY to RMB525 million, representing 39% of public cloud services. Public cloud revenues grew 14% YoY to RMB1,353.5 million, while enterprise cloud services increased 4.8% YoY to RMB616.5 million. The company's adjusted EBITDA reached RMB318.5 million with a 16.2% margin, significantly improved from 1.9% in Q1 2024. However, KC reported a net loss of RMB316.1 million, though narrowed from RMB363.6 million in Q1 2024. The company maintained strong liquidity with cash and equivalents at RMB2,322.7 million as of March 31, 2025.

Kingsoft Cloud (NASDAQ: KC, HKEX: 3896), a leading Chinese cloud service provider, has scheduled its first quarter 2025 financial results announcement for May 28, 2025, before U.S. markets open. The company will host an earnings conference call on the same day at 8:15 am ET (8:15 pm Beijing/Hong Kong Time). Interested participants can pre-register for the call through the provided registration link and will receive dial-in details upon registration. The conference call will also be available via live and archived webcast on Kingsoft Cloud's investor relations website.

Kingsoft Cloud (NASDAQ: KC) has announced the pricing of its public offering of 18.5 million American depositary shares (ADSs) at US$11.27 per ADS, with each ADS representing 15 ordinary shares. The total offering includes 277.5 million ordinary shares priced at HK$5.83 per share.

The company has granted underwriters a 30-day option to purchase up to an additional 2.775 million ADSs. Concurrently, existing shareholder Kingsoft has agreed to purchase 69.375 million ordinary shares in a private placement.

The combined gross proceeds from both the public offering and private placement are expected to be approximately US$260.7 million. The funds will be used for infrastructure upgrades, technology development, and general corporate purposes. Major underwriters include Morgan Stanley, Goldman Sachs, and CICC.

Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) has announced a significant public offering of 18,500,000 American depositary shares (ADSs), with each ADS representing 15 ordinary shares, totaling 277,500,000 ordinary shares. The company will grant underwriters a 30-day option to purchase additional ADSs.

Concurrent with the public offering, existing shareholder Kingsoft has agreed to purchase additional ordinary shares in a private placement, representing 20% of the combined shares from both offerings. The transaction requires approval from independent shareholders.

The proceeds will be used for:

• Upgrading and expanding infrastructure
• Technology and product development
• General corporate and working capital purposes

Major financial institutions including Morgan Stanley, Goldman Sachs, CICC, Deutsche Bank, HSBC, and Merrill Lynch are acting as underwriters for the public offering.

Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) has filed its annual report on Form 20-F for fiscal year 2024 with the SEC on April 15, 2025, alongside its 2024 ESG Report. The company highlighted several achievements including:

- Recognition of its Legal team among China Top 15 New Technology In-House Teams by Thomson Reuters' ALB
- Implementation of talent development initiatives through various cloud-focused projects
- Achievement of highest Level 1 maturity in ITSS Operation and Maintenance Standard Compliance Assessment
- Partnership with Xiaomi to create a green development platform for their smart ecosystem
- Social responsibility initiatives supporting over 600 left-behind children and providing financial assistance to 51 impoverished students