Workflow
金山云宣布增发1850万股ADS 加码基础设施升级及人工智能业务发展

Group 1 - Company announced a public offering of 18,500,000 American Depositary Shares (ADS), with each ADS representing 15 shares of common stock [1] - Strategic shareholder, Kingsoft Group, will purchase an additional 20% of the total offering, reflecting confidence in the company's long-term development [1] - Proceeds from the ADS issuance will be used for infrastructure upgrades, technology and product development, and general corporate purposes [1] Group 2 - The cloud computing business is experiencing rapid growth driven by advancements in artificial intelligence, with Kingsoft Cloud holding a unique position in the industry [2] - In 2024, Kingsoft Cloud's total revenue grew by over 10% year-on-year, with Q4 AI billing revenue accounting for 34% of public cloud revenue, a nearly 500% increase year-on-year [2] - The company has achieved a significant improvement in its business fundamentals, entering a new development cycle focused on high-quality growth [2]