Core Viewpoint - Kingsoft Cloud (03896) has entered into a cooperation framework agreement with Xiaomi, which includes the purchase of IDC services and network hardware, aimed at enhancing its cloud service capabilities and operational efficiency [1] Group 1: Agreement Details - The agreement with Xiaomi includes two main components: (1) Kingsoft Cloud will purchase IDC services from Xiaomi for an initial term of three years starting from July 29, 2025, and (2) Kingsoft Cloud will purchase network hardware from Xiaomi for an initial term of one year starting from the same date [1] Group 2: Strategic Rationale - The partnership leverages the long-term business relationship between Kingsoft Cloud and Xiaomi, allowing Kingsoft Cloud to utilize Xiaomi's existing IDC services and procure network hardware, which is expected to drive product innovation and business growth [1] - The terms and conditions for the services and products purchased from Xiaomi are comparable to those from independent third-party providers, ensuring Kingsoft Cloud receives stable and high-quality IDC services and network hardware [1] Group 3: Operational Efficiency - The collaboration is anticipated to reduce administrative costs associated with sourcing similar services from multiple providers, thereby enhancing overall operational efficiency for Kingsoft Cloud [1]

Core Viewpoint - Kingsoft Cloud has entered into a cooperation framework agreement with Xiaomi, which includes the purchase of IDC services and network hardware, aimed at enhancing its cloud service capabilities and operational efficiency [1] Group 1: Agreement Details - The agreement is set to commence on July 29, 2025, with an initial term of three years for IDC services and one year for network hardware [1] - Kingsoft Cloud will utilize Xiaomi's existing IDC services and procure network hardware from Xiaomi, leveraging their long-term business relationship [1] Group 2: Strategic Benefits - The collaboration is expected to promote product innovation and business growth by integrating Xiaomi's advanced services and products with Kingsoft Cloud's offerings [1] - The terms and conditions for services and products from Xiaomi are comparable to those from independent third-party providers, ensuring stable and high-quality sources for IDC services and network hardware [1] - This partnership will reduce administrative costs associated with sourcing similar services from multiple providers, thereby improving overall operational efficiency [1]

Core Viewpoint - Kingsoft Cloud (03896.HK) has entered into a cooperation framework agreement with Xiaomi, effective until July 29, 2025, which includes the purchase of IDC-related services and network hardware equipment [1] Group 1 - The company has agreed to purchase IDC-related services from Xiaomi for a period of three years [1] - The company has also agreed to purchase network hardware equipment from Xiaomi for a duration of one year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Kingsoft Cloud Holdings Limited 金山云控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3896） （納斯達克股票代碼：KC） 有關二零二五年小米合作框架協議的持續關連交易 訂立二零二五年小米合作框架協議 董事會宣佈，於二零二五年七月二十九日（交易時段後），本公司與小米訂立二 零二五年小米合作框架協議，據此，(1)本公司已同意購買而小米已同意提供 IDC相關服務，初始期限自二零二五年七月二十九日起為期三年，及(2)本公司 已同意購買而小米已同意出售網絡硬件設備，初始期限自二零二五年七月二十 九日起為期一年。 香港上市規則之涵義 於本公告日期，小米直接及間接持有合共約11.12%股份，故為本公司的關連人 士（定義見香港上市規則）。據此，根據香港上市規則第十四A章，訂立二零二 五年小米合作框架協議及其項下擬進行的交易構成本公司的持續關連交易。 由於(1)採購IDC相 ...

Group 1 - The Nasdaq China Golden Dragon Index opened lower and is currently down over 1% [1] - Xiaoma Zhixing increased by over 4%, while Miniso rose by over 1% [1] - Lexin fell by over 3%, and both Bilibili and Kingsoft Cloud dropped by over 2% [1]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 25, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $800.00 billion 3. Baidu: $600.00 billion [3] - Other notable companies in the top 10 include: - JD.com: $482.47 billion - SMIC (Semiconductor Manufacturing International Corporation): $519.90 billion - Tencent Music: $328.83 billion [3][4] Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Li Auto: $316.74 billion - Xpeng Motors: $182.36 billion - NIO: $109.38 billion [4][5] - The rankings continue with companies such as: - New Oriental: $74.44 billion - Kingsoft: $61.55 billion - Perfect World: $38.92 billion [5]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 24, 2025 [1] - The highest-ranked company is Alibaba, with a market capitalization of 1,000 billion [3] - Other notable companies in the top 10 include Tencent with 600 billion and Baidu with 320 billion [3][4] Group 2 - The rankings show significant market values, with companies like JD.com at 489.1 billion and Kuaishou at 431.56 billion [3] - The list includes various sectors such as e-commerce, automotive, and software, indicating a diverse technology landscape [4][5] - Companies like Xpeng Motors and NIO are also featured, with market caps of 179.5 billion and 111.42 billion respectively [3][4]

每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM D. 金十数据 | 一个交易工具 | 25 | | 唯品会 | 81.2 | | | --- | --- | --- | --- | --- | | 26 | | 新东方 | 76.42 | | | 27 | | 万国数据 | 73.76 | 11 | | 28 | | 巨人网络 | 65.67 | 2 t | | 29 | 00 | 美图公司 | 65.04 | 4 1 | | 30 | | 同程旅行 | 64.41 | 14 | | 31 | | 好未来 | 63.98 | 1 t | | 32 | | 中国软件 | 61.59 | 2 1 | | 33 | | 深信服 | 60.28 | 3 + | | 34 | KUNLUN | 昆仑万维 | 59.8 | 11 | | 35 | начал | 润和软件 | 58.29 | 21 | | 36 | | 奇富科技 | 56.45 | 2 t | | 37 | 第二章 | 恺英网络 | 54.8 | 3 1 | | 38 | | 拓维信息 | 54.61 | 11 | ...

Group 1 - The top 50 Chinese technology and internet companies by market capitalization as of July 21, 2025, are listed, with TSMC leading at $124.684 billion [3][4]. - Tencent Holdings ranks second with a market cap of $60.3704 billion, followed by Alibaba at $28.679 billion [3][4]. - Xiaomi Group and Pinduoduo hold the fourth and fifth positions, with market caps of $18.9457 billion and $15.4741 billion, respectively [3][4]. Group 2 - Meituan and NetEase are ranked sixth and seventh, with market caps of $10.3371 billion and $8.6191 billion [4]. - JD.com, SMIC, and Kuaishou follow, with market caps of $4.8896 billion, $4.8429 billion, and $3.948 billion, respectively [4][5]. - Li Auto and Tencent Music are also in the top 15, with market caps of $3.404 billion and $3.3193 billion [5]. Group 3 - Baidu, Beike, and Tonghuashun are ranked 13th, 14th, and 15th, with market caps of $3.0187 billion, $2.2374 billion, and $2.0827 billion, respectively [5][6]. - The list includes various companies from different sectors, indicating a diverse representation within the technology and internet industry [6]. - The market capitalization figures are calculated based on the current exchange rate of USD to HKD [6].

Group 1 - The Nasdaq China Golden Dragon Index increased by over 2% [1] - Futu Holdings rose by more than 10% [1] - Kingsoft Cloud experienced a nearly 10% increase [1] - Alibaba saw an increase of over 4% [1]