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Kingsoft Cloud (KC) Shares Surge Over 24% Following Financing Leasing Agreement
KCKINGSOFT CLOUD(KC) Gurufocus·2024-10-02 15:51

As of Wednesday, Kingsoft Cloud (KC, Financial) saw its shares rise by more than 24%, trading at $3.968 per share, with a market capitalization exceeding $940 million. This surge follows the company's recent announcement of a financing lease agreement between its affiliated entity, Kingsoft Cloud (Qingyang) Data, and China Cinda's subsidiary, Cinda Financial Leasing.Under the agreement, Cinda Financial Leasing will provide financing lease services directly to Kingsoft Cloud (Qingyang) Data with a total fina ...