According to Zhitong Finance APP, Kingsoft Cloud (03896) saw its afternoon gains expand by over 21%, with a cumulative increase of over 80% this month. As of the time of writing, it is up 19.19%, trading at HKD 10.62, with a transaction volume of HKD 2.166 billion.
In terms of news, Kingsoft Cloud announced that its multimodal data management platform KDX has completed the privatization deployment and adaptation of the DeepSeek-R1 distilled model, enabling a comprehensive upgrade of the platform's built-in model capabilities. Coupled with the dual drive of &#34;Data for AI&#34; and &#34;AI for Data,&#34; KDX will leverage three major AI intelligent assistants to help clients achieve efficiency leaps across the entire data production, management, and application chain.
Citi published a research report stating that breakthroughs in DeepSeek will help accelerate the creation of AI applications in China and drive demand for cloud computing. Among them, cloud service providers may be the best AI companies in China. Citi believes that, given Kingsoft Cloud's strategic partnership with Xiaomi and Kingsoft Software, the company is well-positioned to benefit from the AI boom. The firm has significantly raised Kingsoft Cloud's U.S. stock target price from $5.50 to $20.50, maintaining an &#34;Outperform&#34; rating

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XIACY

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Kingsoft Cloud's afternoon gains expanded by over 21%, with a cumulative increase of more than 80% this month. As of the time of writing, it rose 19.19% to HKD 10.62, with a trading volume of HKD 2.166 billion. In terms of news, Kingsoft Cloud announced that its multimodal data management platform KDX has completed the privatization deployment and adaptation of the DeepSeek-R1 distillation model, enabling a comprehensive upgrade of the platform's built-in model capabilities. Coupled with the dual-driven approach of "Data for AI" and "AI for Data," KDX will assist customers in achieving efficiency leaps across the entire data production, management, and application chain through three major AI intelligent assistants. Citi published a research report indicating that breakthroughs in DeepSeek will help accelerate the creation of AI applications in China and drive demand for cloud computing. Among them, cloud service providers may be the best AI companies in China. Citi believes that, given Kingsoft Cloud's strategic partnership with Xiaomi and Kingsoft Software, the company is well-positioned to benefit from the AI boom, raising its target price for Kingsoft Cloud's U.S. stock from $5.50 to $20.50, maintaining an "Outperform" rating

- Kingsoft Cloud (03896) saw its share price increase by over 21%, with a cumulative rise exceeding 80% this month.  
- The company announced the successful privatization and adaptation of its KDX multimodal data management platform's DeepSeek-R1 model, enhancing its built-in model capabilities.  
- Analysts at Citi believe this breakthrough will accelerate AI application development in China and boost demand for cloud computing services, raising Kingsoft Cloud's target stock price significantly from $5.5 to $20.5.

Zhitong

Kingsoft Cloud

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Xiaomi Corporation

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Understanding the Market | Kingsoft Cloud's increase expanded by over 21%, with a monthly increase exceeding 80%. The company is a core cloud service provider for Kingsoft and Xiaomi's ecosystem