Kingsoft Cloud, an independent Chinese cloud services provider, announced on August 8 that Wang Yulin had resigned as CEO, a member of the board of directors and nominating and corporate governance committee, due to personal health concerns.
Kingsoft Cloud formally submitted an application on July 27 for a dual primary listing to the Hong Kong Stock Exchange (HKEx). The company expects to be dual-listed on the Nasdaq and the HKEx upon the completion of the listing.
After Kingsoft Cloud's stock price dropped on Monday, the cloud service provider in China announced that it will explore a dual listing of its ordinary shares on the Main Board of the Hong Kong Stock Exchange.
Kingsoft Office, a leading software and internet services company based in China, released the Kingsoft Digital Office Platform on Thursday, as well as three brand-new products.
Kingsoft Cloud released its financial report for the third quarter of 2021, disclosing total Q3 revenue of 2.41 billion yuan ($377.39 million), up nearly 40% year-on-year.
China’s cloud services provider Kingsoft Cloud Holdings Ltd. shares rose 40% on Friday in the first major trading on the NASDAQ stock exchange.
Kingsoft Cloud filed an IPO prospectus update with the US Securities and Exchange Commission (SEC) showing that the company will issue 25 million American depositary shares.