US Stock Market News | KINGSOFT CLOUD Surges Over 24%, Total Market Value Exceeds $940 Million
On Wednesday, as of the time of publication, Kingsoft Cloud surged over 24%, reaching $3.968, with a total market value exceeding $940 million. In terms of news, Kingsoft Cloud had previously announced that its consolidated affiliated entity, Kingsoft Cloud (Qingyang) Data, had entered into a financing lease framework agreement with China Xinda's non-wholly-owned subsidiary, Xinda Financial Leasing. Based on this, Xinda Financial Leasing will provide financing lease services to Kingsoft Cloud (Qingyang) Data through direct financing lease, with a total financing amount not exceeding 300 million RMB. The target assets include servers and other accessories (including CPUs, hard drives, and data cables)
According to the information from Zhitong Finance APP, as of Wednesday, Kingsoft Cloud (KC.US) surged over 24%, reaching $3.968, with a total market value exceeding $940 million. On the news front, Kingsoft Cloud previously announced that its consolidated affiliated entity, Kingsoft Cloud (Qingyang) Data, has entered into a financing lease framework agreement with China Xinda's non-wholly-owned subsidiary, Xinda Financial Leasing. Based on this, Xinda Financial Leasing will provide financing lease services to Kingsoft Cloud (Qingyang) Data through direct financing lease, with a total financing amount not exceeding RMB 300 million. The target assets include servers and other accessories (including CPUs, hard drives, and data cables)