Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company offers public cloud services to customers in various verticals, including game, video, AI, e-commerce, education, and mobile internet; enterprise cloud services to customers in financial service, public service, and healthcare business, and others. It also provides IoTÂsmart living solutions. The company was incorporated in 2012 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2020
Exchange: NASDAQ
Website: ksyun.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2024 | $4.20 → $12.50 | Neutral → Buy | UBS |
| 11/22/2024 | $2.29 → $6.70 | Neutral → Buy | Nomura |
| 3/21/2024 | $5.00 | Neutral → Buy | Citigroup |
| 3/21/2024 | $4.40 | Underperform → Outperform | CLSA |
| 3/11/2024 | Neutral → Overweight | JP Morgan | |
| 6/1/2023 | $4.50 | Sell → Neutral | Goldman |
| 4/24/2023 | $4.00 → $5.09 | Neutral → Sell | Goldman |
| 9/7/2022 | $8.50 → $3.00 | Buy → Neutral | Citigroup |
| 4/11/2022 | $9.50 | Neutral | Goldman |
| 3/14/2022 | $3.50 | Neutral → Underweight | JP Morgan |
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
BEIJING, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Financial Highlights Total Revenues reached RMB1,885.6 million (US$268.71 million), increased by 16.0% year-over-year from RMB1,625.2 million in the same quarter of 2023. The accelerated growth of high-quality business, such as AI, has offset the decline in the low-margin CDN business due to strategic proactive adjustments.Gross profit was RMB303.4 million (US$43.2 million), representing a significant increase of 54.6% from R
BEIJING, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ:KC) ("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. Kingsoft Cloud's management will host an earnings conference call on Tuesday, November 19, 2024 at 7:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI9c3a629d6e164637ab8af374255609ee O
BEIJING, Aug. 20, 2024 (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, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public
BEIJING, Aug. 08, 2024 (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 2024 ended June 30, 2024 before the open of U.S. markets on Tuesday, August 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Tuesday August 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI2ed9e3a7930e4c958cfbd29da2a97c19
BEIJING, May 22, 2024 (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, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for se
BEIJING, May 09, 2024 (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 2024 ended March 31, 2024 before the open of U.S. markets on Wednesday, May 22, 2024. Kingsoft Cloud's management will host an earnings conference call on Wednesday May 22, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI48df2a86950a454eb6c5bce
BEIJING, March 20, 2024 (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, 2023. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "In 2023, we continued to uphold the principle of high-quality and sustainable development and have accomplished significant achievements. During the year, we continued to optimize our business mix, and have exhibited remarkable agility in embracing the advent of the AIGC era. We increasingly tapped into the structural and tangible oppo
BEIJING, March 08, 2024 (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 2023 ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Wednesday March 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI01533ed48
BEIJING, Nov. 21, 2023 (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, 2023. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "This quarter, we are excited to see our strategy of embracing AI bearing fruit, as AI business revenue grew rapidly, generating healthy, sustainable margin and securing a strong pipeline. We also remained steadfast in the strategic adjustment of CDN business, as we see revenue contribution from the largest CDN customer further decreasin
BEIJING, Nov. 07, 2023 (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, 2023 before the open of U.S. markets on Tuesday, November 21, 2023. Kingsoft Cloud's management will host an earnings conference call on Tuesday, November 21, 2023 at 7:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://register.vevent.com/register/BI7699077da6174c888cfd
UBS upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $12.50 from $4.20 previously
Nomura upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $6.70 from $2.30 previously
Citigroup upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $5.00
CLSA upgraded Kingsoft Cloud from Underperform to Outperform and set a new price target of $4.40
JP Morgan upgraded Kingsoft Cloud from Neutral to Overweight
Goldman upgraded Kingsoft Cloud from Sell to Neutral and set a new price target of $4.50
Goldman downgraded Kingsoft Cloud from Neutral to Sell and set a new price target of $5.10 from $4.00 previously
Citigroup downgraded Kingsoft Cloud from Buy to Neutral and set a new price target of $3.00 from $8.50 previously
Goldman resumed coverage of Kingsoft Cloud with a rating of Neutral and set a new price target of $9.50
JP Morgan downgraded Kingsoft Cloud from Neutral to Underweight and set a new price target of $3.50
BEIJING, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Financial Highlights Total Revenues reached RMB1,885.6 million (US$268.71 million), increased by 16.0% year-over-year from RMB1,625.2 million in the same quarter of 2023. The accelerated growth of high-quality business, such as AI, has offset the decline in the low-margin CDN business due to strategic proactive adjustments.Gross profit was RMB303.4 million (US$43.2 million), representing a significant increase of 54.6% from R
BEIJING, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ:KC) ("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. Kingsoft Cloud's management will host an earnings conference call on Tuesday, November 19, 2024 at 7:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI9c3a629d6e164637ab8af374255609ee O
BEIJING, Aug. 20, 2024 (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, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public
BEIJING, Aug. 08, 2024 (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 2024 ended June 30, 2024 before the open of U.S. markets on Tuesday, August 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Tuesday August 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI2ed9e3a7930e4c958cfbd29da2a97c19
BEIJING, May 22, 2024 (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, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for se
BEIJING, May 09, 2024 (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 2024 ended March 31, 2024 before the open of U.S. markets on Wednesday, May 22, 2024. Kingsoft Cloud's management will host an earnings conference call on Wednesday May 22, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI48df2a86950a454eb6c5bce
BEIJING, April 30, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), 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. The Company will provide hard copies of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
BEIJING, March 20, 2024 (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, 2023. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "In 2023, we continued to uphold the principle of high-quality and sustainable development and have accomplished significant achievements. During the year, we continued to optimize our business mix, and have exhibited remarkable agility in embracing the advent of the AIGC era. We increasingly tapped into the structural and tangible oppo
BEIJING, March 08, 2024 (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 2023 ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Wednesday March 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI01533ed48
BEIJING, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), 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. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminol
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BEIJING, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced that the shareholders of the Company duly adopted all the resolutions proposed by the Company at its extraordinary general meeting of shareholders held in Beijing today, with high approval rate, paving way to Company's proposed listing on Main Board of The Stock Exchange of Hong Kong Limited. Earlier on December 23, 2022, the Company announced the proposed dual primary listing of its ordinary shares, par value US$0.001 per share by way of introduction on the Main Board of The Stock Exchange
BEIJING, April 14, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced the appointment of Ms. Jingyuan Qu as an independent director of its board of directors (the "Board"), effective immediately, based on the recommendations of the nominating and corporate governance committee of the Board. The Board also appointed Ms. Qu as a member of the audit committee, the compensation committee, and the nominating and corporate governance committee, effective immediately. Ms. Qu will replace Mr. Kuiguang Niu who has resigned from his position as a member of the Board and