As of the time of writing, Kingsoft Cloud (03896.HK) is up 4.90%, with the company having accumulated a surge of over 200% since November. On the news front, on November 19, Kingsoft Cloud announced that KINGSOFT signed a new framework agreement with Xiaomi, with the suggested annual caps for the framework agreement from 2025 to 2027 being 2.31 billion yuan, 3.138 billion yuan, and 4.035 billion yuan respectively. GF SEC expressed a bullish outlook on the subsequent demand for computing power as Xiaomi deeply integrates AI into its ecosystem.
金山云涨近5% 11月以来飙升超2倍
Kingsoft Cloud has risen nearly 5%, having surged over 200% since November.
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