Kingsoft Archives

Kingsoft Office Increases Investment in AI

On March 21st, Kingsoft Office officially released its 2022 financial report. It achieved an operating income of 3.885 billion yuan (about $ 0.56 billion), a year-on-year increase of 18.44%.

CEO Departs as Kingsoft Cloud Plans Dual Primary Listing in Hong Kong

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 Applies for Dual Primary Hong Kong Listing

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.

Kingsoft’s Office Software WPS Denies Deleting User Local Files

On July 11, WPS, an office software suite owned by Kingsoft, was the target of rumors and speculation about the company's honesty after it was suggested that the company had deleted user files stored on the company's cloud and users’ local devices.

SEC Adds 11 More China Concepts Stocks to “Pre-Delisting List”

According to the official website of the United States Securities and Exchange Commission (SEC), 11 more Chinese firms were added to its "pre-delisting list" on May 9.

Kingsoft Cloud Earned 2.41 Billion Yuan in Q3, Up 39.6% YoY

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.

Xiaomi’s Founder Lei Jun to Give 600 Shares to Every Employee of Jinshan Group

On Monday, Lei Jun, chairman of Jinshan Group announced in a letter that he would give 600 shares to all employees of Jinshan.

Kingsoft Cloud Shares Soar 40% in U.S. Trading Debut After Luckin’s Fraud

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 Updates IPO Prospectus, Kingsoft Group and Xiaomi Could Buy $75 Million in ADS

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.

Kingsoft Cloud Submits F-1 Prospectus to SEC, Starts Pre-IPO Roadshows Next Week

Kingsoft Cloud plans to list on NASDAQ under the ticker KC. JPMorgan Chase, UBS, Credit Suisse and CICC will act as joint lead underwriters for Kingsoft Cloud's IPO.

Kingsoft to Spin-off Kingsoft Cloud With Hopes for Another IPO

On December 22, Chinese software developer Kingsoft issued a proposal for a spin-off and independent listing announcement, regarding its sub-branch Kingsoft Cloud.

Lei Jun: Kingsoft’s Success is Attributed to the Mobile Internet Era

“Under the crush of Microsoft and piracies, Kingsoft software was indeed leading a very hard life. What put us through those times is that we still firmly believe that a good national software company has big opportunities."

Kingsoft Office’s Shanghai STAR IPO Sees Stock Jump 205.3%

On November 18, Kingsoft Office, the Chinese software provider, officially listed on Shanghai’s STAR market, under the ticker symbol 688111.

Beijing Kingsoft Office Software Files for IPO on the Science and Technology Board

After more than five months of preparations, Beijing Kingsoft Office Software (Kingsoft Office) finally filed for IPO on the science and technology board.

Xpeng Motors Welcomes a Visit From Xiaomi CEO Lei Jun along with Leaders of YY and Kingsoft

He Xiaopeng, chairman of the Chinese electric vehicle startup Xpeng Motors, welcomed a visit from top Chinese tech leaders to the auto maker’s new headquarters in Guangzhou on July 18.

Everything about China's Innovation