Core Viewpoint - Kingsoft Cloud (03896) has seen a stock price increase of over 6%, currently trading at HKD 7.87, with a transaction volume of HKD 638 million, following the announcement of a cooperation framework agreement with Xiaomi effective from July 29, 2025 [1] Group 1 - The agreement includes Kingsoft Cloud purchasing IDC-related services from Xiaomi for an initial period of three years starting from July 29, 2025 [1] - Kingsoft Cloud will also purchase network hardware devices from Xiaomi, with an initial period of one year starting from the same date [1] - The company emphasizes the need for substantial IDC resources and network hardware to support its growing business and enhance cloud service capabilities [1] Group 2 - The terms and conditions for services and products procured from Xiaomi are comparable to those from independent third-party providers, ensuring stable and high-quality IDC services and network hardware [1] - This agreement is expected to reduce administrative costs associated with sourcing similar services from multiple providers, thereby improving overall operational efficiency [1]
港股异动 | 金山云(03896)盘中涨超6% 与小米订立2025年小米合作框架协议 进一步提高整体营运效率