Kingsoft cloud announces major strategic move in enterprise cloud services

Beijing, aug. 02, 2021 (globe newswire) -- kingsoft cloud holdings limited (“kingsoft cloud” or the “company”) (nasdaq: kc), a leading independent cloud service provider in china, announced that the company made a major strategic move in its enterprise cloud services (“ecs”) business by entering into a definitive agreement to acquire controlling interests in camelot employee scheme inc. (“camelot”). the proposed transaction is expected to bring significant synergies to the company, in particular:
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