Core Insights - Kingsoft Cloud's stock price increased by 7% to HKD 7.92, with a trading volume of HKD 479 million, marking a rise of over 23% in the past month [1] Group 1: Company Performance - Kingsoft Cloud showcased six major solutions at the 2025 World Artificial Intelligence Conference (WAIC), highlighting its innovative technological capabilities in the AI sector [1] - The company has integrated various AI models, including the Wenxin 4.5 series, Kimi-K2 series, Xiaomi MiMo series, Qwen3 series, and DeepSeek-R1/V3, indicating a broad coverage of leading AI large model companies [1]

Core Viewpoint - Kingsoft Cloud's stock price increased by 7% to HKD 7.92, with a trading volume of HKD 479 million, marking a rise of over 23% in the past month [1] Group 1: Company Performance - Kingsoft Cloud's stock performance reflects strong market interest, particularly in the context of the ongoing 2025 World Artificial Intelligence Conference (WAIC) [1] - The company showcased six major solutions at WAIC, highlighting its innovative capabilities in the AI sector [1] Group 2: Technological Advancements - Kingsoft Cloud has integrated multiple AI models, including the Wenxin 4.5 series, Kimi-K2 series, Xiaomi MiMo series, Qwen3 series, and DeepSeek-R1/V3, indicating a comprehensive coverage of leading AI models [1]

Market Capitalization Summary - New Oriental has a market capitalization of 15.98 billion [2] - MIN (Ming Chao) has a market capitalization of 10.21 billion [2] - TAL has a market capitalization of 9.38 billion [2] - The market capitalization of various companies includes: - 7.77 billion for Grape Fang [2] - 6.21 billion for Yi Pin Hui [2] - 4.28 billion for Zai [2] - 3.83 billion for Huya [2] Stock Performance - New Oriental's stock increased by 0.28 (+1.45%) [2] - MIN's stock decreased by 0.20 (-4.25%) [2] - TAL's stock decreased by 0.15 (-0.69%) [2] - Grape Fang's stock decreased by 2.39 (-5.11%) [2] - Yi Pin Hui's stock increased by 0.38 (+1.94%) [2] - Zai's stock decreased by 0.10 (-0.93%) [2] Additional Company Insights - The market capitalization of various companies shows a diverse range, with some experiencing significant fluctuations in stock prices [2] - Companies like Huami and Cheetah Mobile have market capitalizations of 1.76 billion and 1.73 billion respectively, with varying stock performance [4] - The overall market trends indicate a mix of gains and losses across different sectors, reflecting the volatility in the market [4]

Group 1 - The core business of the company is providing global cloud services, with a comprehensive cloud computing infrastructure and operational system [1] - The company serves over 500 high-quality clients with more than 150 solutions, utilizing advanced technologies such as big data, artificial intelligence, and edge computing [1] - The company went public in the US and Hong Kong stock markets in 2020 and 2022, respectively [1] Group 2 - As of Q1 2025, the company reported total revenue of 1.97 billion yuan and a net loss of 314 million yuan [2]

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 ...

Market Capitalization Summary - New Oriental has a market capitalization of 15.943 billion [2] - TAL Education has a market capitalization of 10.927 billion [2] - Vipshop has a market capitalization of 9.612 billion [2] - NIN (Miniso) has a market capitalization of 5.940 billion [2] - JD.com has a market capitalization of 27.23 billion [2] - iQIYI has a market capitalization of 2.548 billion [2] Stock Performance - New Oriental's stock decreased by 0.35 (-1.75%) [2] - TAL Education's stock decreased by 0.10 (-1.93%) [2] - Vipshop's stock decreased by 0.53 (-2.25%) [2] - Miniso's stock increased by 0.64 (+1.36%) [2] - JD.com's stock decreased by 0.54 (-3.42%) [2] - iQIYI's stock decreased by 0.07 (-2.31%) [2] Additional Company Insights - Huami Technology has a market capitalization of 1.97 billion [3] - Cheetah Mobile has a market capitalization of 1.63 billion [3] - Baosheng E-commerce has a market capitalization of 1.84 billion [3] - Tuniu has a market capitalization of 1.34 billion [3] - The stock of Tuniu increased by 0.42 (+4.60%) [3]

Market Capitalization Summary - New Oriental has a market capitalization of 16.17 billion [2] - TAL Education (好未来) has a market capitalization of 11.26 billion [2] - Vipshop (唯品会) has a market capitalization of 8.21 billion [2] - MINISO (名创优品) has a market capitalization of 5.91 billion [2] - Kingsoft Cloud (金山云) has a market capitalization of 4.40 billion [2] - 51Talk (在线教育) has a market capitalization of 1.75 billion [4] Stock Performance - New Oriental's stock decreased by 0.02 (-0.10%) [2] - TAL Education's stock increased by 0.14 (+2.97%) [2] - Vipshop's stock decreased by 0.17 (-1.08%) [2] - MINISO's stock increased by 0.20 (+2.04%) [2] - Kingsoft Cloud's stock decreased by 1.26 (-3.49%) [2] - 51Talk's stock decreased by 0.16 (-2.71%) [4] Additional Company Insights - Huya (虎牙) has a market capitalization of 7.88 billion [4] - Sohu (搜狐) has a market capitalization of 4.70 billion [4] - 9F Group (玖富) has a market capitalization of 1.89 billion [4] - Financial One Account (金融壹账通) has a market capitalization of 2.91 billion [4]