Kingsoft Cloud Announces Proposed Public Equity Offering and Concurrent Private Placement to Kingsoft Corporation
- BEIJING, April 16, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced the commencement of an underwritten public offering (the “Public Offering”) of 18,500,000 of American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company, or a total of 277,500,000 ordinary shares (the “Firm Shares”). All ADSs will be offered by Kingsoft Cloud. Kingsoft Cloud expects to grant the underwriters a 30-day option to purchase additional ADSs. Investors have an option to receive ordinary shares of the Company to be traded on the HKEX (the “Shares”) in lieu of ADSs in this offering.
- 04/16/2025
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Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2024 and Releases 2024 Environmental, Social and Governance Report
- BEIJING, April 15, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on April 15, 2025. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.gov.
- 04/15/2025
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Kingsoft Cloud: The Company's Shares Are Priced To Perfection
- Kingsoft Cloud Holdings Limited reported strong Q4 and full-year 2024 results with a 29.6% y/y sales increase and significant margin improvements, nearing profitability. The company's AI cloud business saw over 500% growth in billing, driven by the popularity of DeepSeek, enhancing KC's market position. The partnership with Xiaomi is expected to be a key growth driver, especially within AI applications, providing a substantial sales runway.
- 03/25/2025
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Kingsoft Cloud Holdings Limited (KC) Q4 2024 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q4 2024 Earnings Conference Call March 19, 2025 8:15 AM ET Company Participants Nicole Shan - IR Director Tao Zou - Vice Chairman and CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Brian Gong - Citi Linlin Yang - GF Securities Wenting Yu - CLSA Operator Good day, and thank you for standing by. Welcome to Kingsoft Cloud's Fourth Quarter and Full-Year 2024 Earnings Conference Call.
- 03/19/2025
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Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results; First Time Operating Margin Profitable with Accelerated Growing Revenue of AI Cloud
- BEIJING, March 19, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.
- 03/19/2025
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Overlooked Stock: KC
- Kingsoft (KC) is a Chinese cloud company that has grown more than 500% since last year. George Tsilis credits a stronger Chinese macro environment combined with an intact A.I.
- 03/05/2025
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Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 19, 2025
- BEIJING, March 04, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading cloud service provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2024 ended December 31, 2024 before the open of U.S. markets on Wednesday, March 19, 2025.
- 03/04/2025
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Kingsoft Cloud (KC) Moves 20.5% Higher: Will This Strength Last?
- Kingsoft Cloud (KC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 02/04/2025
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Here's Why Investors Should Buy Kingsoft Cloud Stock Right Now
- The growing CDN market along with KC's sustained focus on expanding AI capabilities makes the stock a compelling buy.
- 01/17/2025
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Is Kingsoft Cloud (KC) Outperforming Other Computer and Technology Stocks This Year?
- Here is how Kingsoft Cloud Holdings Limited Sponsored ADR (KC) and Amphenol (APH) have performed compared to their sector so far this year.
- 12/13/2024
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Kingsoft Cloud Holdings Limited (KC) Q3 2024 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q3 2024 Earnings Conference Call November 19, 2024 7:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Kingsoft Cloud Third Quarter 2024 Earnings Conference Call.
- 11/19/2024
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Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit
- BEIJING, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.
- 11/19/2024
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Kingsoft Cloud to Report Third Quarter 2024 Financial Results on November 19, 2024
- BEIJING, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading cloud service provider in China, today announced that it will release its unaudited financial results for the third quarter 2024 ended September 30, 2024 before the open of U.S. markets on Tuesday, November 19, 2024.
- 11/13/2024
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Kingsoft Cloud (KC) Shares Surge Over 24% Following Financing Leasing Agreement
- As of Wednesday, Kingsoft Cloud (KC, Financial) saw its shares rise by more than 24%, trading at $3.968 per share, with a market capitalization exceeding $940 million. This surge follows the company's recent announcement of a financing lease agreement between its affiliated entity, Kingsoft Cloud (Qingyang) Data, and China Cinda's subsidiary, Cinda Financial Leasing.
- 10/02/2024
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Kingsoft Cloud: Positive AI Revenue Growth Momentum
- Kingsoft Cloud is anticipating a significant increase in its capital investments for 2024 vis-a-vis 2023, and the bulk of the company's capital expenditures for this year will be AI-related. KC has broadened its AI client base, and this is likely attributable to the company's independence as it has no links with the Chinese technology giants. I continue to rate Kingsoft Cloud as a Buy, as I think that the company can sustain its positive AI revenue growth momentum for the future.
- 09/11/2024
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3 Hot Penny Stocks to Buy With $1000
- Penny stocks are some of my favorite stocks to watch.
- 09/07/2024
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Kingsoft Cloud Holdings Limited (KC) Q2 2024 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q2 2024 Earnings Conference Call August 20, 2024 8:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Kingsoft Cloud's Second Quarter 2024 Earnings Conference Call.
- 08/20/2024
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Kingsoft Cloud Announces Unaudited Second Quarter 2024 Financial Results
- BEIJING, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.
- 08/20/2024
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Kingsoft Cloud to Report Second Quarter 2024 Financial Results on August 20, 2024
- BEIJING, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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 2024 ended June 30, 2024 before the open of U.S. markets on Tuesday, August 20, 2024.
- 08/08/2024
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Kingsoft Cloud Holdings Limited (KC) Q1 2024 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q1 2024 Earnings Conference Call May 22, 2024 8:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman and CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to Kingsoft Cloud's First Quarter 2024 Earnings Conference Call.
- 05/22/2024
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Kingsoft Cloud Announces Unaudited First Quarter 2024 Financial Results
- BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.
- 05/22/2024
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Kingsoft Cloud to Report First Quarter 2024 Financial Results on May 22, 2024
- BEIJING, May 09, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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 first quarter 2024 ended March 31, 2024 before the open of U.S. markets on Wednesday, May 22, 2024.
- 05/09/2024
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Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2023 and Releases 2023 Environmental, Social and Governance Report
- BEIJING, April 30, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 30, 2024. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.gov.
- 04/30/2024
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Kingsoft Cloud (KC) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Kingsoft Cloud (KC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 03/21/2024
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Kingsoft Cloud Holdings Limited (KC) Q4 2023 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) Q4 2023 Earnings Call Transcript
- 03/20/2024
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Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
- BEIJING, March 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
- 03/20/2024
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What Makes Kingsoft Cloud Holdings Limited Sponsored ADR (KC) a New Buy Stock
- Kingsoft Cloud Holdings Limited Sponsored ADR (KC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 03/15/2024
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Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 20, 2024
- BEIJING, March 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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 2023 ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024.
- 03/08/2024
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Kingsoft Cloud Announces Results of Extraordinary General Meeting
- BEIJING, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced that each of the proposed resolutions submitted for shareholders' approval as set forth in the notice of extraordinary general meeting dated January 12, 2024 have been adopted at the meeting held in Beijing, China today.
- 02/08/2024
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Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter - Kingsoft Cloud Hldgs (NASDAQ:KC), SMX (Security Matters) (NASDAQ:SMX)
- The most oversold stocks in the information technology presents an opportunity to buy into undervalued companies.
- 01/18/2024
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Kingsoft Cloud to Hold Extraordinary General Meeting on February 8, 2024
- BEIJING, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced that it will hold an extraordinary general meeting of the Company's shareholders (the “EGM”) at 10:00 a.m., Hong Kong time on February 8, 2024 at Chongxian Hall, 2nd Floor, Conference Building, Taishan Hotel, No. 8 Anning Beili, Xisanqi, Haidian District, Beijing, PRC for the purposes of considering and, if thought fit, passing with or without amendments, each of the proposed resolutions as set forth in the notice of the EGM (the “EGM Notice”). The EGM Notice, a circular in relation to the EGM and the form of proxy for the EGM are attached as Exhibit 99.2, 99.3 and 99.4, respectively, to the current report on Form 6-K furnished by the Company to the U.S. Securities and Exchange Commission (the “SEC”) today (the “Report”). Holders of record of ADSs who wish to exercise their voting rights for the underlying ordinary shares must give voting instructions to The Bank of New York Mellon, the depositary of the ADSs. The form of voting instruction card for holders of ADSs is attached as Exhibit 99.5 to the Report. The EGM Notice, circular, form of proxy and form of voting instruction card are also available on the Company's website at http://ir.ksyun.com .
- 01/11/2024
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Kingsoft Cloud Holdings Limited (KC) Q3 2023 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q3 2023 Results Conference Call November 21, 2023 7:15 AM ET Company Participants Wayne Wong - IR Manager Tao Zou - Vice Chairman and CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Katrina Chiu - Citi Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's Third Quarter 2023 Earnings Conference Call.
- 11/21/2023
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Kingsoft Cloud Announces Unaudited Third Quarter 2023 Financial Results
- BEIJING, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
- 11/21/2023
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Kingsoft Cloud to Report Third Quarter 2023 Financial Results on November 21, 2023
- BEIJING, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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, 2023 before the open of U.S. markets on Tuesday, November 21, 2023.
- 11/07/2023
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Kingsoft Cloud Reduces Major Customer Dependence, Pursues Quality Revenue Growth
- Kingsoft Cloud Holdings Limited provides cloud-based services to Asia-based companies. The company's revenue continues to decline and operating losses remain high despite efforts to grow AI capabilities and reduce customer dependence. The global cloud services market is expected to reach $2.5 trillion by 2031, driving the potential for growth in Kingsoft Cloud.
- 10/13/2023
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Kingsoft Cloud Holdings Limited (KC) Q2 2023 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q2 2023 Earnings Conference Call August 21, 2023 8:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman and CEO Henry He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Allen Li - JPMorgan Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's Second Quarter 2023 Earnings Conference Call.
- 08/22/2023
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Kingsoft Cloud Announces Unaudited Second Quarter 2023 Financial Results
- BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
- 08/22/2023
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Kingsoft Cloud to Report Second Quarter 2023 Financial Results on August 22, 2023
- BEIJING, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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, 2023 and its unaudited interim results for the six months ended June 30, 2023 before the open of U.S. markets on Tuesday, August 22, 2023.
- 08/08/2023
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7 Tech Stocks to Catapult You into the Millionaires' Club
- Millionaire maker tech stocks boils down to one central theme: banking on the inevitable growth of the broad innovation space for potentially significant, even lifechanging returns. Of course, there's a huge difference between selecting the right sector versus picking the right individual securities.
- 07/16/2023
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Why Kingsoft Cloud Holdings Stock Leaped 20% Higher Today
- An analyst got significantly less bearish on the company's prospects. He raised his price target from sell to neutral.
- 06/01/2023
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Penny Stocks To Buy? 3 AI Stocks To Watch Right Now
- The world of artificial intelligence (AI) is rapidly evolving, and its impact on the stock market today is increasingly significant. Whether you're trading penny stocks or higher-priced stocks, the wave of momentum is unavoidable to notice right now.
- 05/30/2023
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Kingsoft Cloud to Report First Quarter 2023 Financial Results on May 23, 2023
- BEIJING, May 09, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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 first quarter ended March 31, 2023 before the open of U.S. markets on Tuesday, May 23, 2023.
- 05/09/2023
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Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 29, 2023
- BEIJING, March 15, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“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, 2022 before the open of U.S. markets on Wednesday, March 29, 2023.
- 03/15/2023
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Unimpressive Hong Kong Keeps No. 3 Spot In Global IPO Race
- Hong Kong IPOs fell sharply last year, but the fundraising is expected to rebound this year as global inflation moderates and China reopens. The fading threat of forced de-listings for Chinese companies in New York could have a negative impact on Hong Kong IPOs this year.
- 01/10/2023
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Kingsoft Cloud In Turnaround As Demand Weakens
- Kingsoft Cloud Holdings Limited went public in early 2020, raising approximately $510 million in a U.S. IPO. The firm provides a range of IT infrastructure software and services to companies in China.
- 12/16/2022
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Why Chinese Stocks Popped on Thursday
- Will reopening in 2023 help Chinese stocks?
- 12/08/2022
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Why Kingsoft Cloud Holdings Stock Was Vaulting Higher This Week
- Recent developments in the company's home country and an analyst's price target bump fueled the rally.
- 12/02/2022
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Why Chinese Tech Stocks Kingsoft Cloud, Hello Group, and Vipshop Stocks Were Climbing Today
- Continued hopes for a reopening lifted the sector.
- 11/30/2022
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Kingsoft Cloud Holdings Limited (KC) Q3 2022 Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q3 2022 Earnings Conference Call November 23, 2022 7:00 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Thomas Chong - Jefferies Xiaodan Zhang - CICC Joel Ying - Nomura Timothy Zhao - Goldman Sachs Operator Thank you for standing by, and welcome to the Kingsoft Cloud Holdings Third Quarter 2022 Earnings Conference Call. All participants are in a listen-only mode.
- 11/23/2022
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Kingsoft Cloud to Report Third Quarter 2022 Financial Results on November 23, 2022
- BEIJING, Nov. 10, 2022 (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, 2022 before the open of U.S. markets on Wednesday, November 23, 2022.
- 11/10/2022
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Why Kingsoft Cloud Holdings Stock Was Falling Earlier Today
- Enterprise spending is slowing in the second-largest cloud market.
- 09/06/2022
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Kingsoft Cloud to Report Second Quarter 2022 Financial Results on September 6, 2022
- BEIJING, Aug. 19, 2022 (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, 2022 before the open of U.S. markets on Tuesday, September 6, 2022.
- 08/19/2022
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Kingsoft Cloud: Betting On China's Cloud Market
- Kingsoft Cloud is a leading cloud service provider in China, and the country's biggest cloud-only player. China's market for cloud infrastructure is expected to reach approximately $85 billion by 2026—implying a 5-year CAGR of 25%.
- 06/23/2022
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Why Kingsoft Cloud Stock Was Up Today
- The Chinese cloud services provider got a boost after reporting earnings results.
- 06/08/2022
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Kingsoft Cloud Holdings Limited's (KC) CEO Yulin Wang on Q1 2022 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q1 2022 Earnings Conference Call June 8, 2022 8:00 AM ET Company Participants Nicole Shan - Investor Relations Manager Yulin Wang - Chief Executive Officer Haijian He - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Sophie Chang - CICC Kyna Wong - Credit Suisse Joel Ying - Nomura Alex Yao - JP Morgan Thompson Wu - UBS Timothy Chow - Goldman Sachs Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's First Quarter 2022 Earnings Conference Call.
- 06/08/2022
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Kingsoft Cloud to Report First Quarter 2022 Financial Results on June 8, 2022
- BEIJING, China, May 18, 2022 (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 first quarter ended March 31, 2022 before the open of U.S. markets on Wednesday, June 8, 2022.
- 05/18/2022
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Why Kingsoft Cloud Stock Is Plummeting Today
- Kingsoft stock has lost roughly 87% of its value over the last year of trading.
- 03/25/2022
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q4 2021 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q4 2021 Results - Earnings Call Transcript
- 03/24/2022
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Why Kingsoft Cloud Holdings Shares Are Soaring
- Kingsoft Cloud Holdings Ltd (NASDAQ: KC) shares are trading significantly higher Wednesday alongside several other Chinese stocks following a Chinese state media report indicating China's financial stability and development committee urged market stability measures and mentioned.
- 03/16/2022
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Top Penny Stocks to Watch Today as the Stock Market Climbs
- Are these penny stocks on your watchlist in March? The post Top Penny Stocks to Watch Today as the Stock Market Climbs appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/15/2022
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Why Hollysys, Kingsoft Cloud, and New Oriental Education Stocks Scored Double-Digit Gains Today
- Chinese stocks got beaten yesterday. They're feeling better today.
- 03/15/2022
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Kingsoft Cloud Weighs Dual Listing In Hong Kong As China's Geopolitical, Regulatory Risks Trigger Industry-Wide Selloff
- China's leading cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ: KC), weighed a dual listing of its shares on the Hong Kong Stock Exchange. Analyst Rating: JPMorgan analyst Alex Yao downgraded Kingsoft to Underweight from Neutral with a price.
- 03/15/2022
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Why Kingsoft Cloud Is Down More Than 40% Today
- Another downgrade upended what's become a relatively easy target to pick on.
- 03/14/2022
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Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 24, 2022
- BEIJING, March 10, 2022 (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, 2021 before the open of U.S. markets on Thursday, March 24, 2022.
- 03/10/2022
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Kingsoft Cloud: Poised To Benefit From A Favorable Market Tailwind
- Kingsoft Cloud is an internet cloud service provider in China, with a market share of approximately 5.4%. The cloud market globally, and especially in China, is fast-growing and I argue KC is well poised to benefit from the tailwind.
- 02/12/2022
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Is the Options Market Predicting a Spike in Kingsoft Cloud (KC) Stock?
- Investors need to pay close attention to Kingsoft Cloud (KC) stock based on the movements in the options market lately.
- 12/15/2021
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q3 2021 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q3 2021 Results - Earnings Call Transcript
- 11/24/2021
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Recap: Kingsoft Cloud Holdings Q3 Earnings
- Kingsoft Cloud Holdings (NASDAQ:KC) reported its Q3 earnings results on Wednesday, November 24, 2021 at 06:30 AM. Here's what investors need to know about the announcement.
- 11/24/2021
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Earnings Preview: Kingsoft Cloud Holdings
- Kingsoft Cloud Holdings (NASDAQ:KC) is set to give its latest quarterly earnings report on Wednesday, 2021-11-24. Here's what investors need to know before the announcement.
- 11/23/2021
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Kingsoft Cloud to Report Third Quarter 2021 Financial Results on November 24, 2021
- BEIJING, Nov. 05, 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 third quarter ended September 30, 2021 before the open of U.S. markets on Wednesday, November 24, 2021.
- 11/05/2021
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Why Kingsoft Cloud Holdings Stock Slumped on Friday
- Investors got bearish after the company's latest earnings result.
- 08/27/2021
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q2 2021 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q2 2021 Results - Earnings Call Transcript
- 08/25/2021
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Recap: Kingsoft Cloud Q2 Earnings
- Shares of Kingsoft Cloud Holdings (NASDAQ:KC) fell 8.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 700.00% over the past year to ($0.16), which missed the estimate of ($0.13).
- 08/25/2021
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Kingsoft Cloud Announces Unaudited Second Quarter 2021 Financial Results
- BEIJING, Aug. 25, 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 second quarter ended June 30, 2021.
- 08/25/2021
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Kingsoft Cloud to Report Second Quarter 2021 Financial Results on August 25, 2021
- BEIJING, Aug. 06, 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 second quarter ended June 30, 2021 before the open of U.S. markets on Wednesday, August 25, 2021.
- 08/06/2021
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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:
- 08/02/2021
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4 Stocks To Win Big From China's SaaS Push
- China's cloud computing industry is still gradually developing, which implies infinite opportunities. When it comes to SaaS, the potential is even larger.
- 06/29/2021
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q1 2021 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q1 2021 Results - Earnings Call Transcript
- 05/18/2021
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Kingsoft Cloud Reports Mixed Q1 Earnings
- Kingsoft Cloud Holdings Ltd (NASDAQ: KC) reported first-quarter FY21 revenue growth of 30.4% year-on-year to $276.8 million (RMB1.8 billion), missing the analyst consensus of $291.33 million. Revenues from public cloud services rose 15.2% Y/Y to $212.4 million (RMB1.4 billion), and Enterprise cloud services increased 131.3% Y/Y to $64.1 million (RMB420 million).
- 05/18/2021
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Kingsoft Cloud Announces Unaudited First Quarter 2021 Financial Results
- BEIJING, May 18, 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 first quarter ended March 31, 2021.
- 05/18/2021
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Kingsoft Cloud to Report First Quarter 2021 Financial Results on May 18, 2021
- BEIJING, May 07, 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 first quarter ended March 31, 2021 before the open of U.S. markets on Tuesday, May 18, 2021.
- 05/07/2021
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Kingsoft Cloud: An Attractive Cloud Computing Stock In China
- Kingsoft Cloud is one of the most attractive cloud computing stocks in China. It is also one of the few companies in Asia that have scaled its business to generate nearly $1 billion in revenue in 2020.
- 05/01/2021
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Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2020
- 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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission ("SEC") on April 22, 2021. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.gov .
- 04/22/2021
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Kingsoft Cloud Releases First Environmental, Social and Governance Report
- 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.
- 04/22/2021
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Howard Marks' Oaktree Weakens Super Micro Computer Connection
- Select portfolio(s):
- 04/01/2021
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q4 2020 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q4 2020 Results - Earnings Call Transcript
- 03/17/2021
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Why Kingsoft Cloud Stock Crashed Today
- The Chinese cloud computing specialist reported fourth-quarter results.
- 03/17/2021
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Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results
- 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.
- 03/17/2021
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Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2020 Financial Results on March 17, 2021
- 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.
- 03/10/2021
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Why High-Flying International Stocks Like Baidu, Bilibili, and Kingsoft Cloud Plummeted Today
- It seems fear is taking over Wall Street.
- 03/08/2021
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Kingsoft Cloud's Place In The Chinese Cloud Ecosystem
- 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.
- 03/03/2021
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Kingsoft Cloud to be Added to MSCI China Index
- 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.
- 11/30/2020
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Kingsoft Cloud: Buying Ahead Of Short-And-Long-Term Drivers
- 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.
- 11/27/2020
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Kingsoft Cloud: A Reasonably Priced Chinese Cloud Services Play
- 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.
- 11/27/2020
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Why Kingsoft Cloud Stock Tanked Today
- The Chinese cloud services provider reported third-quarter earnings results.
- 11/18/2020
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q3 2020 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q3 2020 Results - Earnings Call Transcript
- 11/18/2020
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Kingsoft Cloud Announces Unaudited Third Quarter 2020 Financial Results
- 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.
- 11/18/2020
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Kingsoft Cloud to Report Third Quarter 2020 Financial Results on November 18, 2020
- 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.
- 11/03/2020
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Why Kingsoft Cloud Stock Plunged Today | The Motley Fool
- The Chinese cloud provider announced a stock offering and strategic partnership.
- 09/22/2020
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Kingsoft Cloud: More Upside Possible After Strong Q2
- As the COVID-19 situation is starting to end, internet usage is starting to dip but it continues to remain higher than last year's levels.
- 09/14/2020
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Tracking Chase Coleman's Tiger Global Portfolio - Q2 2020 Update
- Chase Coleman’s 13F portfolio value increased from $16.61B to $25.79B this quarter. Tiger Global added CrowdStrike Holdings and increased Salesforce.com during the quarter.
- 09/10/2020
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Kingsoft Cloud Holdings Limited (KC) CEO Yulin Wang on Q2 2020 Results - Earnings Call Transcript
- Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q2 2020 Earnings Conference Call August 18, 2020 8:00 AM ET Company Participants Nicole Shan - Investment Relations Manager Yulin Wang - Chief Executive Officer Haijian He - Chief Financial Officer Conference Call Participants Alex Yao - JPMorgan Kyna Wong - Credit Suisse Dan Wong - Macquarie Presentation Operator Ladies and gentlemen, thank you for standing by.
- 08/19/2020
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Kingsoft unaudits 2020 interim results and its second-quarter results | Business
- For the first half of 2020, the revenue of Kingsoft increased by 41% year-on-year to RMB2,591.4 million.
- 08/19/2020
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Kingsoft : Announces 2020 Interim and Second Quarter Results | MarketScreener
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Kingsoft Cloud Announces Unaudited Second Quarter 2020 Financial Results
- 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.Second quarter 2020 Financial Highlights * Total revenues were RMB1,534.8 million (US$1217.2 million) in the second quarter of 2020, representing an increase of 64.1 % year-over-year. * Gross profit was RMB80.7 million (US$11.4 million) or 5.3% gross margin in the second quarter of 2020, compared with gross loss of RMB20.3 million or -2.2% gross margin in the second quarter of 2019. * Non-GAAP gross profit2, was RMB83.8 million (US$11.9 million) or 5.5% Non-GAAP gross margin in the second quarter of 2020, compared with Non-GAAP gross loss of RMB16.5 million or -1.8% Non-GAAP gross margin in the second quarter of 2019. * Net loss was RMB420.1 million (US$59.5 million) or -27.4% net loss margin in the second quarter of 2020, compared with net loss of RMB319.7 million or net loss margin of -34.2% in the second quarter of 2019. * Non-GAAP EBITDA3, was RMB-35.9 million (US$-5.1 million) or -2.3% Non-GAAP EBITDA margin in the second quarter of 2020, compared with RMB-117.6 million or -12.6% Non-GAAP EBITDA margin in the second quarter of 2019. * Excluding the one-time IPO-related expenses, normalized Non-GAAP EBITDA4 was RMB-26.8 million (US$-3.8 million) or -1.7% normalized Non-GAAP EBITDA margin._______________ 1This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.0651 to US$1.00, the noon buying rate in effect on June 30, 2020 as certified for customs purposes by the Federal Reserve Bank of New York. 2Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues. and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Reconciliation of GAAP and Non-GAAP results” set forth at the end of this press release. 3Non-GAAP EBITDA is defined as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and Non-GAAP net loss is defined as net loss excluding share-based compensation, foreign exchange loss, changes in fair value of financial instruments and other (income) expense, net. Non-GAAP EBITDA margin is defined as Non-GAAP EBITDA as a percentage of revenues. See “Reconciliation of GAAP and Non-GAAP results” set forth at the end of this press release. 4Normalized Non-GAAP EBITDA is defined as Non-GAAP net loss excluding listing expenses, interest income, interest expense, income tax expense and depreciation and amortization. Normalized Non-GAAP EBITDA margin is defined as normalized Non-GAAP EBITDA as a percentage of revenues. See “Reconciliation of GAAP and Non-GAAP results” set forth at the end of this press release. “We delivered solid operational and financial results for the second quarter of 2020. Our total revenues increased by 64.1% year-over-year to RMB1,534.8 million, driven by solid growth in both public cloud and enterprise cloud services.” commented Mr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud. “We will continue to invest in technology, such as edge computing, big data, transcoding and others. We are confident that our cutting-edge technology and ability to effectively execute our strategy will ideally position us to capture the growth opportunities the cloud industry will create in the future.” Mr. Henry He, Chief Financial Officer of Kingsoft Cloud added that “Despite the uncertain macroeconomic environment, we are pleased to see that we are consistently delivering faster revenue growth than the general public cloud industry in China and continued to improve our bottom-line performance, as we achieving greater economies of scale. It demonstrates our ability to provide quality services to our customers even in challenging market conditions.First, our previous guidance for the second quarter ranged from RMB1.50 billion to RMB1.54 billion. The total revenues during the quarter came in at the mid-to-top end of our guidance, at RMB1.535 billion, representing an increase of 64.1% year-over-year. Our enterprise services revenue was RMB246.1 million. Despite the impact of the second wave of the pandemic in June, enterprise cloud services achieved significant growth of 259.3% on a year-over-year and 35.5% on a quarter-over-quarter basis.Second, we generated a positive gross profit for the fourth consecutive quarter and our adjusted gross margin has now improved for eight quarters in a row. Specifically, the adjusted gross margin increased from -1.8% in the second quarter of 2019 to 5.5% in this quarter, an improvement of 7.3 percentage points.Third, excluding the one-time IPO-related expenses and other Non-GAAP adjustments, our normalized adjusted EBITDA margin increased as well, up from -12.6% in the second quarter of 2019 to -1.7% in this quarter, representing an improvement of 10.9 percentage points. Adjusted EBITDA margin has now steadily improved for eight consecutive quarters.”Second quarter 2020 Financial ResultsTotal Revenues reached RMB1,534.8 million (US$217.2 million), an increase of 64.1% from RMB935.1 million in the same period of 2019. The increases were primarily due to the growth in both public cloud services and enterprise cloud services for our premium customers. * Revenues from public cloud services were RMB1,287.1 million (US$182.2 million), representing an increase of 48.6% from RMB866.3 million in the same period of 2019. * Revenues from enterprise cloud services were RMB246.1 million (US$34.8 million), representing an increase of 259.3% from RMB68.5 million in the same period of 2019. * Other revenues were RMB1.6 million (US$0.2 million).Cost of revenues was RMB1,454.0 million (US$205.8 million), representing an increase of 52.2% from RMB955.4 million in the same period of 2019, primarily attributable to increase in IDC costs and depreciation and amortization costs, as we continue to grow our business. IDC costs increased by 31.6% to RMB978.4 million (US$138.5 million) from RMB743.5 million in the same period of 2019. The increase in IDC costs was in line with the Company’s expanding business and was partially offset by improved efficiency and utilization of bandwidth. However, IDC costs as a percentage of total revenues decreased from 79.5% during the same period of last year to 63.8% in the second quarter of 2020. Depreciation and amortization costs increased by 59.1% to RMB217.5 million (US$30.8 million) from RMB136.7 million in the same period of 2019, primarily due to new servers and other fixed assets purchased. As a percentage of total revenues, depreciation and amortization costs decreased from 14.6% during the same period of 2019 to 14.2% in the second quarter of 2020.Gross profit was RMB80.7 million (US$11.4 million), compared to gross loss of RMB20.3 million in the same period in 2019. Gross margin was 5.3%, representing an increase of 7.5 percentage points from -2.2% in the same period in 2019.Non-GAAP gross profit was RMB83.8 million (US$11.9 million), compared to Non-GAAP gross loss of RMB16.5 million in the same period in 2019. Non-GAAP gross margin was 5.5%, representing an increase of 7.3 percentage points from -1.8% in the same period in 2019. The increase was primarily due to our continued leverage on economies of scale.Selling and marketing expenses were RMB109.8 million (US$15.5 million), representing an increase of 39.0% from RMB79.0 million in the same period in 2019, mainly due to the increase in share-based compensation expenses, as well as the salaries and welfare of selling and marketing personnel.General and administrative expenses were RMB170.4 million (US$24.1 million), an increase of 180.3% from RMB60.8 million in the same period in 2019, mainly due to the increase in share-based compensation expenses from 11.3 million in the second quarter of 2019 to 97.3 million (US$13.8 million) in the second quarter of 2020, as we recognized one-time share-based compensation upon our IPO in May 2020.Research and development expenses were RMB230.8 million (US$32.7 million), an increase of 60.8% from RMB143.5 million in the same period in 2019, primarily due to the increase in share-based compensation expenses, as well as the salaries and welfare of research and development personnel.Operating loss was RMB430.3 million (US$60.9 million), compared with RMB303.5 million in the same quarter of 2019.Net loss was RMB420.1 million (US$59.5 million), compared with RMB319.7 million in the same quarter of 2019.Non-GAAP net loss was RMB237.7 million (US$33.6 million), compared with RMB235.8 million in the same quarter of 2019.Non-GAAP EBITDA was RMB-35.9 million (US$-5.1 million), compared with RMB-117.6 million in the same quarter of 2019. Non-GAAP EBITDA margin was -2.3%, compared to -12.6% in the same quarter of 2019. The steady increase of Non-GAAP EBITDA margin was due to the revenue growth and operating leverage. Excluding the one-time IPO-related expenses, normalized Non-GAAP EBITDA was RMB-26.8 million (US$-3.8 million) or -1.7% normalized Non-GAAP EBITDA margin.Basic and diluted net loss per share was RMB-0.19 (US$-0.03), compared with RMB-0.36 in the same quarter of 2019.Cash and cash equivalents and short-term investments were RMB5,763.8 million (US$815.8 million) as of June 30, 2020, compared to RMB2,198.4 million as of March 31, 2020. The increase was primarily driven by the net proceeds received from IPO in May 2020.Outstanding ordinary shares were 3,146,466,493 as of June 30, 2020, equivalent to about 209,764,433 ADSs.
- 08/18/2020
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Does Kingsoft Cloud Holdings (NASDAQ:KC) Have A Healthy Balance Sheet?
- Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
- 08/10/2020
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I'm Buying CenturyLink But Not For The Dividends (NYSE:CTL)
- CenturyLink stock is down 26% this year despite the spectacular recovery of the market since late-March.
- 08/06/2020
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Rackspace IPO prices at bottom of target range to raise about $703 million
- Rackspace IPO prices at bottom of target range to raise about $703 million
- 08/05/2020
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Kingsoft Cloud to Report Second Quarter 2020 Financial Results on August 18, 2020
- 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’s management will host an earnings conference call on Tuesday, August 18, 2020 at 8:00 am, U.S. Eastern Time (8:00 pm, Beijing/Hong Kong Time on the same day).Due to the outbreak of COVID-19, operator assisted conference calls are not available at the moment. All participants must preregister online prior to the call to receive the dial-in details.Preregistration InformationParticipants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/9178197. Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.A telephone replay of the call will be available after the conclusion of the conference call through 9:00 a.m. U.S. Eastern Time, August 26, 2020. The dial-in details for the replay are as follows:International:+61-2-8199-0299 U.S. Toll Free:+1-855-452-5696 Mainland China Toll Free:800-870-0206 Hong Kong Toll Free:800-963-117 Conference ID:9178197 Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website at http://ir.ksyun.com.About Kingsoft Cloud Holdings Limited Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud, enterprise cloud and AIoT cloud services. For more information, please visit: http://ir.ksyun.com.For investor and media inquiries, please contact: Kingsoft Cloud Holdings Limited Nicole Shan Tel: +86 (10) 6292-7777 Ext. 6300 Email: ksc-ir@kingsoft.comChristensen In China Mr. Eric Yuan Phone: +86-10-5900-1548 E-mail: Eyuan@christensenir.comIn US Ms. Linda Bergkamp Phone: +1-480-614-3004 E-mail: lbergkamp@christensenir.com
- 08/03/2020
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Kingsoft Cloud Enters Singapore Cloud Computing Market
- The unexpected pandemic has brought many uncertainties to the global economy. But there is still one thing for sure: backed by various technologies including 5G, AI and IoT, the world is witnessing accelerated global digitalization, with cloud being a key support. From telecommuting and online education to telemedicine, social network and entertainment, even to online graduation exhibition and online court, it seems that everything can be done "on the cloud". Kingsoft Cloud (NASDAQ: KC), as a leading cloud service provider in the world, has set up energy-saving data centers and operating branches in the United States, Russia, Singapore, etc. And the headquarters of Southeast Asia operations were set in Singapore.
- 07/30/2020
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VC-Backed Car Site Vroom Tops IPO Goal to Raise $468 Million
- (Bloomberg) -- Auto sales platform Vroom Inc. expanded its U.S. initial public offering and priced it above the marketed range to raise $468 million.The company, whose backers include L Catterton, General Catalyst Partners and T. Rowe Price Associates Inc., sold 21.25 million shares for $22 each on Monday, according to a statement confirming a report by Bloomberg. Vroom earlier marketed 18.75 million shares for $18 to $20 each, according to its filings with the U.S. Securities and Exchange Commission.Vroom, which sells used vehicles online, moved up the pricing of the IPO to Monday after earlier planning to sell the shares on Wednesday. The company is valued in the offering at more than $2.5 billion based on the larger IPO size and the outstanding shares listed in its filings.While the IPO market heated up last week with more than $7 billion raised globally, venture-backed listings have been largely missing in action. ZoomInfo Technologies Inc., the business intelligence firm whose IPO raised $935 million on Wednesday, was the first technology listing in the U.S. since Chinese cloud service provider Kingsoft Cloud Holdings Ltd.’s IPO in April. ZoomInfo’s backers included TA Associates and Carlyle Group Inc.Loss GrowsVroom had a net loss of $41 million on revenue of $376 million for the three months ended March 31, compared with a loss of $27 million on $235 million in revenue for the same period last year.The Covid-19 pandemic might spur more car buyers to shop online, Vroom said in its filing. According to a CarGurus survey in April, 61% of respondents were open to buying a vehicle online, compared with 32% before the pandemic, Vroom said.Goldman Sachs Group Inc., Bank of America Corp., Allen & Co. and Wells Fargo & Co. are leading the offering. Vroom’s shares are expected to begin trading Tuesday on the Nasdaq Global Select Market under the symbol VRM.(Updates with market value in third paragraph. The description of Vroom was corrected in an earlier version of this story.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/09/2020
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Kingsoft Cloud shares gain after first-quarter results
- U.S.-listed shares of Chinese cloud services company Kingsoft Cloud Holdings Ltd. are up 6% in premarket trading Wednesday after the company reported first quarter results. Kingsoft Cloud posted a net loss of RMB331.6 million ($46.8 million), or RMB0.39 a share, compared with a loss of RMB201.4 million, or RMB0.23 a share, in the year-earlier period. The company recorded revenue of RMB1.39 billion, up from RMB845.8 million in the year-prior quarter. FactSet doesn't provide consistent analyst estimates for Kingsoft's results. The shares went public in early May and are up 35% from their IPO price of $17.
- 06/03/2020
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Kingsoft Cloud Announces Unaudited First Quarter 2020 Financial Results | MarketScreener
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Kingsoft Cloud Announces Unaudited First Quarter 2020 Financial Results
- BEIJING, June 03, 2020 -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ: KC), a leading independent cloud service provider in China, today.
- 06/03/2020
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Kingsoft Cloud to Report First Quarter 2020 Financial Results on June 3, 2020
- BEIJING, May 22, 2020 -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), the largest independent cloud service provider in China, today.
- 05/22/2020
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SelectQuote Surges After Raising $570 Million in Expanded IPO
- (Bloomberg) -- SelectQuote Inc., a platform that allows consumers to compare insurance policies, jumped as much as 41% after the company and its existing shareholders raise $570 million in its upsized U.S. initial public offeringShares of the Overland Park, Kansas-based company opened at $26.20 on Thursday. A total of 28.5 million shares, including both primary and secondary, were sold for $20 each Wednesday after the offering earlier targeted a sale of 25 million shares at $17 to $19 apiece.The shares were up 39% to $27.74 at 1:15 p.m., giving the company a market value of $4.53 billion. SelectQuote sold 18 million shares in the offering and existing investors sold 10.5 million.The U.S. IPO market is seeing a gradual recovery after several muted weeks since the onset of the coronavirus pandemic. The biggest offering since then, excluding special purpose acquisition companies, has been Kingsoft Cloud Holdings Ltd., a Chinese cloud service provider that raised $510 million on May 8.“We operated through multiple economic cycles,” SelectQuote Chief Financial Officer Raffaele Sadun said in an interview. “We haven’t really changed anything in our overall outlook.”Ringing the BellNo one from the company, founded in 1985, was able to physically ring the bell at the New York Stock Exchange because of the pandemic. Instead, Sadun rang a bell at home next to a TV screen that streams the bourse.SelectQuote distributes life insurance policies, senior health and auto and home insurance products via its platform. For the nine months ended March 31, it had net income of $61 million on revenue of $390 million, according to its filings with the U.S. Securities and Exchange Commission. That was up from $60 million on revenue of $263 million for the same period a year ago.The company counts private equity firm Brookside Equity Partners among its backers. Its partners include American International Group Inc. and Prudential Financial Inc., according to its website.The offering was led by Credit Suisse Group AG and Morgan Stanley. The shares are trading on the New York Stock Exchange under the symbol SLQT.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/21/2020
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Luckin Coffee shows how risky Chinese IPOs can be, but investors are just not listening
- Over the last few years, investors have been warned by shareholder advocates, a few short sellers, this column on MarketWatch, and most recently by the Securities Exchange Commission, about the huge risks they are taking by investing in Chinese initial public offerings in the U.S. markets. But based on the success of Kingsoft Cloud’s IPO Friday, investors are not listening.
- 05/20/2020
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Nasdaq's China Crackdown Looks Halfhearted
- (Bloomberg Opinion) -- Nasdaq is tightening rules on initial public offerings in an effort that looks to be targeted primarily at Chinese companies. To appreciate just how tepid its proposals are, consider this: They wouldn’t have screened out Luckin Coffee Inc., the most notorious accounting scandal involving a U.S.-listed Chinese issuer in years. On this evidence, IPO hopefuls have little to worry about — as long as they’re not too small.Companies will need to raise at least $25 million, or sell stock equal to a minimum 25% of their post-listing market capitalization, according to a Bloomberg News report that cited Nasdaq filings with the Securities and Exchange Commission. Luckin sold $645 million of shares in its IPO last May. There’s little comfort in this for the would-be Starbucks Corp. challenger: Nasdaq is seeking to delist Luckin after the company acknowledged fabricating sales transactions and fired its chief executive. Its shares, which will resume trading Wednesday, plummeted more than 75% in a single day last month. For other companies, though, the message is that the lure of IPO business still trumps U.S. government pressure to deter the flow of money into Chinese assets.The revised standards aren’t particularly punitive. Only three of 10 Nasdaq IPOs by Chinese issuers in 2020 raised less than $25 million. Last year, 10 of 29 flotations failed to meet the threshold, which is about the price of an upmarket New York townhouse. The requirement to sell at least a quarter of the business may be more painful. Half the companies selling shares this year floated less than 25%.Maybe we shouldn’t be surprised at the low bar. Chinese companies are big business after all, with a combined current market value of $380 billion on Nasdaq. The New York Stock Exchange, meanwhile, has almost $760 billion of Chinese listings — most of that accounted for by internet giant Alibaba Group Holding Ltd.There’s no sign that a rising U.S. climate of hostility to China is deterring IPO candidates. Beijing-based Kingsoft Cloud Holdings Ltd. raised $510 million this month after increasing the size of its float. Dada Nexus Ltd., an operator of crowd-sourced delivery platforms backed by Alibaba rival JD.com Inc., is currently sounding out investors for a $500 million offering. Such sales must come as welcome relief after a deals drought caused by the coronavirus lockdown.A bigger issue in rooting out fraud and malpractice is U.S. regulators’ access to company financial records and audit papers, something that China prevents. Current rules already allow Nasdaq to deny listings of companies from countries with such restrictions. Nasdaq is proposing more stringent criteria, including requiring auditors to show that they have sufficient expertise with international accounting standards in the offices doing the audit. This looks like a Band-Aid.The impression persists of an exchange that was under pressure to do something about Chinese companies — and came up with little more than the bare minimum. Just in case there was any doubt about the U.S. government’s stance, President Donald Trump’s economic adviser Larry Kudlow weighed in Tuesday to say that nobody can invest confidently in Chinese companies and the U.S. needs to protect investors from the country’s lack of transparency and accountability.Problems tend to be concentrated among the smallest and least liquid companies, so it makes sense to target them. Shares of Nasdaq-listed Chinese companies that raised less than $25 million since the start of 2017 are down an average of 60% from their IPO price — compared with a 34% average increase for all Chinese issuers selling shares during the period.(1)No one wants bit players in a world where investors have become increasingly skeptical of unprofitable technology companies. For the rest, America remains open for business — unless you’re Huawei Technologies Inc.\--With assistance from Zhen Hao Toh(1) The percentage figures are averages weighted by deal size.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/20/2020
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Another Large Chinese IPO Lines Up in U.S. After Luckin Scandal
- (Bloomberg) -- Dada Nexus Ltd., an operator of crowd-sourced delivery platforms in China backed by JD.Com, has filed for what could be the second large U.S. initial public offering by a Chinese firm since an accounting scandal at Luckin Coffee Inc cast a shadow over such deals.The listing could raise about $500 million, people familiar with the matter said, making it one of the bigger U.S. IPOs by a Chinese company this year. Dada Nexus operates the JD-Daojia and Dada Now retail and delivery platforms which connect fleets of motorbike delivery staff with merchants in hundreds of Chinese towns and cities.The filing comes a week after Kingsoft Cloud Holdings Ltd. raised $510 million in the largest U.S. listing by a Chinese company this year. It was the first major trading debut since Luckin Coffee, once a poster child for Chinese startups, was accused of accounting fraud and saw its stock nosedive. U.S. listings could also become harder as the Trump administration moved on Monday to block investments in Chinese stocks by a government retirement savings fund.Read: Luckin Coffee Scandal Deals Blow to China Inc.’s ReputationIn the latest twist in the Luckin Coffee scandal, the coffee chain fired its CEO and another top executive on Wednesday, a sign of the increasing turmoil at the former success story that until a few months ago had been one of last year’s most high-profile and best performing Chinese IPOs in the U.S.Kingsoft Cloud shares have climbed 43% from the offer price, a rare mark of success for an asset class that has been marred by sinking share prices over the past year. The success showed the U.S. market is still receptive to Chinese companies even as the two countries clash on the origin of the coronavirus pandemic that has killed more than 291,000 people and infected over 4.2 million.This year 12 Chinese firms have listed in the U.S. and all but two are trading below their offer prices, data compiled by Bloomberg show. Of the 45 companies that have completed U.S. IPOs since the beginning of 2019, just eight are above water, the data show. They have declined 11.6% on average, weighted by deal size, whereas U.S. listings in general have risen by an average 19%.Details of Dada Nexus’ offering such as size could still change, the people said, asking not to be identified as the information is not public. A spokesman with Dada declined to comment.Goldman Sachs Group Inc, Bank of America Corp and Jefferies are leading Dada’s IPO, according to a filing with the U.S. Securities and Exchange Commission.(Adds Trump administration’s move in third para)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/13/2020
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ZoomInfo Moves Ahead with Rare Crisis-Era U.S. Tech IPO
- (Bloomberg) -- ZoomInfo Technologies Inc., a business-intelligence platform owned by private equity firms, plans to go public as early as June in what could be one of the first technology listings since the start of the coronavirus pandemic, according to people with knowledge of the matter.The Vancouver, Washington-based company may launch a virtual roadshow to market its stock as soon as this month, said the people, who asked not to be identified because the information is private.ZoomInfo on Monday updated its filing for an initial public offering with its latest financial information. Following its February 2019 deal to combine with DiscoverOrg, the company’s revenue almost doubled to $102 million in the first quarter compared with the same period last year, according to the filing. Meanwhile, its net loss for the quarter shrunk to $5.9 million from $40 million in 2019.The company also said in the filing that in April, the annualized value of its contracts grew 87% compared with the same month last year.No decision is final and ZoomInfo’s IPO plans could still change. A representative for ZoomInfo declined to comment.The plans come after Kingsoft Cloud Holdings Ltd., the third-biggest cloud service provider in China by revenue, jumped 40% in its U.S. trading debut after raising $510 million last week. Kingsoft was the first major listing in the U.S. since mid-March, when the Covid-19 outbreak was declared a pandemic and trading volatility skyrocketed.A technology IPO would be a positive sign in an otherwise dreary market for offerings. Companies that were planning to go public this year, such as Airbnb Inc. and Procore Technologies Inc., have instead turned to private funding.ZoomInfo listed the size of its planned offering as $500 million in a filing in February, a placeholder figure that will likely change. Raising $500 million would make ZoomInfo’s IPO the second-biggest in the U.S. since the pandemic began, according to data compiled by Bloomberg.Zoom ConfusionIf the IPO is successful, ZoomInfo will have to make sure traders can tell it apart from several other companies with similar names, including Zoom Video Communications Inc., the video-conferencing system that’s become a work-from-home staple for many during the coronavirus crisis. That company’s shares are up 140% this year, valuing it at about $46 billion just over a year after its own IPO. Mobile hardware manufacturer Zoom Technologies Inc. changed its ticker to ZTNO from ZOOM to avoid confusion, after its stock rallied 890% in the first quarter and the U.S. Securities and Exchange Commission suspended its trading.ZoomInfo plans to use the symbol ZI for its shares, which will list on the Nasdaq Global Select Market.Previously known as Zoom Information Inc., ZoomInfo was last year combined with DiscoverOrg, another business-to-business data platform for sales and recruitment. DiscoverOrg’s backers include TA Associates and Carlyle Group Inc.JPMorgan Chase & Co. and Morgan Stanley are leading the share sale, a filing shows. Proceeds from the offering will be used to redeem preferred shares, repay debt and for general corporate purposes.(Updates with filing in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/12/2020
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Kingsoft Cloud Announces Pricing of Initial Public Offering
- BEIJING, May 08, 2020 -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), the largest independent cloud service provider in China, today.
- 05/08/2020
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Hitchhiker’s Guide To Artificial Intelligence In India: 2019-20
- In the last decade, we have seen AI transitioning from an industry buzzword to finally being adopted across various enterprise applications. Indian businesses are analysing how they can make processes more efficient which has led to increasing adoption of artificial intelligence in the enterprise across different verticals. Products and services are being rebuilt with the…
- 01/06/2020
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