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