Kingsoft Cloud Holdings ADR

Kingsoft Cloud placed 338 million ordinary shares at HK$8.29 per share in an upsized placement totaling HK$2.802 billion via offshore transactions under Regulation S. Morgan Stanley Asia acted as placement agent; completion is expected by Oct. 2, 2025. The company plans to invest 80% of net proceeds in AI-related infrastructure and cloud capacity and 20% in working capital and general corporate purposes, with planned use through the end of 2028. The stock reacted negatively to the dilution effect, although the funds are intended to bolster growth in China’s highly competitive cloud market. » Altro su de.investing.com

Kingsoft Cloud Holdings Ltd reported Q2 2025 EPS of -0.11 versus a forecast of -0.97 and revenue up 24.2% to RMB 2,649.2 million, driven by strong public- and enterprise-cloud and AI businesses. Despite the positive surprise, the stock only edged down and management warned of risks such as chip shortages, falling gross margins and heavy investments. » Altro su de.investing.com