• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Kingsoft Cloud Announces Results of Extraordinary General Meeting Following Proposed Dual Primary Listing on Hong Kong Stock Exchange and New Board Appointment

    12/29/22 6:28:35 AM ET
    $KC
    Computer Software: Prepackaged Software
    Technology
    Get the next $KC alert in real time by email

    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 of Hong Kong Limited. Subject to final listing approval from the SEHK, the Shares are expected to commence trading on the Main Board of the SEHK on December 30, 2022 (Beijing/Hong Kong Time) under the stock code "3896". Upon listing on the Main Board of the SEHK, the Company's American Depositary Shares (the "ADSs"), each representing 15 Shares, will continue to be primarily listed and traded on The NASDAQ Global Select Market (the "NASDAQ"), and the Shares listed on the Main Board of the SEHK will be fully fungible with the ADSs listed on the NASDAQ.

    On the same day, the Company also announced the appointment of Mr. Haijian He, our Chief Financial Officer, as a member of the Board of Directors (the "Board") and a member of the Corporate Governance Committee of the Board, effective on December 20, 2022. We believe that with his great breadth of experience and expertise, Mr. He, in his new roles, will be a valuable asset for the Board and drive the Company's long-term growth.

    Resolutions at the Extraordinary General Meeting of Shareholders

    Resolution 1: As a Special Resolution: to amend and restate the existing Amended and Restated Memorandum of Association and Articles of Association of the Company by the deletion in their entirety and by the substitution in their place of the Second Amended and Restated Memorandum of Association and Articles of Association, conditional upon and with effect from the consummation of the Company's proposed listing on The Stock Exchange of Hong Kong Limited (the "Listing") (the "Proposed M&AA Amendment").

    Resolution 2: As a Special Resolution: to change the name of the Company from Kingsoft Cloud Holdings Limited to Kingsoft Cloud Holdings Limited 金山云控股有限公司 by adoption of the dual Chinese name 金山云控股有限公司, which will be reflected in the Proposed M&AA Amendment.

    Resolution 3: As an Ordinary Resolution: a general mandate be granted to the Directors to allot, issue or deal with additional shares of the Company not exceeding 20% of the total number of issued shares immediately following completion of the Listing, and which is conditional upon the Listing (the "Issuance Mandate").

    Resolution 4: As an Ordinary Resolution: a general mandate be granted to the Directors to exercise powers of the Company to repurchase shares of the Company representing up to 10% of the total number of issued shares immediately following completion of the Listing, and which is conditional upon the Listing (the "Repurchase Mandate").

    Resolution 5: As an Ordinary Resolution: subject to an approval of the Issuance Mandate and the Repurchase Mandate and conditional upon the Listing, an extension to the Issuance Mandate be approved, such that the number of shares of the Company repurchased under the Repurchase Mandate will also be added to extend the Issuance Mandate, provided that such additional amount shall not exceed 10% of the number of issued shares of the Company immediately following completion of the Listing.

    Resolution 6: As an Ordinary Resolution: the authorization to each of the directors of the Company or the Company's registered office provider to take any and all action that might be necessary to effect the foregoing resolutions and make all necessary filings at the Cayman Registry as such director or the Company's registered office provider, in his, her or its absolute discretion, thinks fit.

    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 terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud's strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud's future business development, financial condition and results of operations; Kingsoft Cloud's business strategies and plans to carry out these strategies; future developments, trends and conditions in the industry and markets in which Kingsoft Cloud operates or into which Kingsoft Cloud intends to expand; Kingsoft Cloud's ability to identify and satisfy user demands and preferences; Kingsoft Cloud's ability to maintain good relationships with its customers and other business partners; general economic, political and business conditions in the industries and markets in which Kingsoft Cloud operates; any changes in the laws, rules and regulations of the central and local governments in China and other relevant jurisdictions and the rules, regulations and policies of the relevant governmental authorities relating to all aspects of Kingsoft Cloud's business and business plans; the actions and developments of Kingsoft Cloud's competitors; and China's political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    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 and enterprise cloud.

    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: [email protected]

    Christensen

    In China

    Mr. Eric Yuan

    Phone: +86-10-5900-1548

    Email: [email protected]

    In US

    Ms. Linda Bergkamp

    Phone: +1-480-6143004

    Email: [email protected]

     



    Primary Logo

    Get the next $KC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $KC

    DatePrice TargetRatingAnalyst
    5/5/2025$18.30Neutral → Buy
    Nomura
    3/3/2025Buy → Neutral
    Nomura
    12/6/2024$4.20 → $12.50Neutral → Buy
    UBS
    11/22/2024$2.29 → $6.70Neutral → Buy
    Nomura
    3/21/2024$5.00Neutral → Buy
    Citigroup
    3/21/2024$4.40Underperform → Outperform
    CLSA
    3/11/2024Neutral → Overweight
    JP Morgan
    6/1/2023$4.50Sell → Neutral
    Goldman
    More analyst ratings

    $KC
    SEC Filings

    See more
    • SEC Form 6-K filed by Kingsoft Cloud Holdings Limited

      6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)

      5/28/25 4:01:31 PM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 6-K filed by Kingsoft Cloud Holdings Limited

      6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)

      5/28/25 7:56:26 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 6-K filed by Kingsoft Cloud Holdings Limited

      6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)

      5/13/25 8:42:58 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology

    $KC
    Financials

    Live finance-specific insights

    See more
    • Kingsoft Cloud Announces Unaudited First Quarter 2025 Financial Results

      BEIJING, May 28, 2025 /PRNewswire/ -- 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 first quarter ended March 31,2025. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "Despite uncertainties in global supply chain, we believe the importance for cloud services as infrastructure in the AI-era is gaining greater traction. This quarter, our gross billing of AI business increased by 228% year- over-year to RMB525 million, accounting for 39% of our public cloud services. We are confident and fully committed into our AI related inve

      5/28/25 8:34:00 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud to Report First Quarter 2025 Financial Results on May 28, 2025

      BEIJING, May 13, 2025 (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 first quarter 2025 ended March 31, 2025 before the open of U.S. markets on Wednesday, May 28, 2025. Kingsoft Cloud's management will host an earnings conference call on Wednesday May 28, 2025 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-conf.media-server.com/register/BI5f4e481f10a54bdc8e351f2645183b41. On

      5/13/25 6:48:50 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • 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), a leading cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter Financial Highlights Total Revenues reached RMB2,232.1 million (US$305.8 million)1, increased by 29.6% year-over-year from RMB1,722.5 million in the same quarter of 2023. Our business has experienced accelerated and high-quality growth and our revenue structure is well-balanced.Gross profit was RMB426.0 million (US$58.4 million), representing a significant increase of 68.3% from RMB253.1 million in

      3/19/25 9:29:43 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology

    $KC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Kingsoft Cloud Announces Unaudited First Quarter 2025 Financial Results

      BEIJING, May 28, 2025 /PRNewswire/ -- 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 first quarter ended March 31,2025. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "Despite uncertainties in global supply chain, we believe the importance for cloud services as infrastructure in the AI-era is gaining greater traction. This quarter, our gross billing of AI business increased by 228% year- over-year to RMB525 million, accounting for 39% of our public cloud services. We are confident and fully committed into our AI related inve

      5/28/25 8:34:00 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud to Report First Quarter 2025 Financial Results on May 28, 2025

      BEIJING, May 13, 2025 (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 first quarter 2025 ended March 31, 2025 before the open of U.S. markets on Wednesday, May 28, 2025. Kingsoft Cloud's management will host an earnings conference call on Wednesday May 28, 2025 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-conf.media-server.com/register/BI5f4e481f10a54bdc8e351f2645183b41. On

      5/13/25 6:48:50 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud Announces Pricing of Public Equity Offering

      BEIJING, April 16, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading cloud service provider in China, today announced the pricing of its underwritten public offering (the "Public Offering") of 18,500,000 of American depositary shares (the "ADSs"), each representing 15 ordinary shares of the Company, at a price of US$11.27 per ADS or a total of 277,500,000 ordinary shares at a price of HK$5.83 per ordinary share, based upon each ADS representing 15 ordinary shares and an exchange rate of HK$7.7574 to US$1.00, the spot rate of exchange at the time of pricing. All ADSs will be offered by Kingsoft Cloud. Investors have an option

      4/16/25 9:15:31 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology

    $KC
    Leadership Updates

    Live Leadership Updates

    See more
    • Kingsoft Cloud Announces Results of Extraordinary General Meeting Following Proposed Dual Primary Listing on Hong Kong Stock Exchange and New Board Appointment

      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

      12/29/22 6:28:35 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud Announces Changes to Board of Directors Embedding its ESG, Gender Diversity and Inclusiveness Initiatives

      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

      4/14/22 8:34:50 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology

    $KC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Kingsoft Cloud Holdings Limited

      SC 13G - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)

      2/14/24 6:00:20 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Kingsoft Cloud Holdings Limited (Amendment)

      SC 13G/A - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)

      2/6/24 6:56:56 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Kingsoft Cloud Holdings Limited (Amendment)

      SC 13G/A - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)

      2/15/23 4:52:38 PM ET
      $KC
      Computer Software: Prepackaged Software
      Technology

    $KC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Kingsoft Cloud upgraded by Nomura with a new price target

      Nomura upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $18.30

      5/5/25 9:16:30 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud downgraded by Nomura

      Nomura downgraded Kingsoft Cloud from Buy to Neutral

      3/3/25 10:19:39 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology
    • Kingsoft Cloud upgraded by UBS with a new price target

      UBS upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $12.50 from $4.20 previously

      12/6/24 7:52:32 AM ET
      $KC
      Computer Software: Prepackaged Software
      Technology