Group 1 - The stock price of Kingsoft Cloud (03896) rose by 8.78% in early trading, currently at 8.05 HKD, with a trading volume of 970 million HKD [2] - Kingsoft Cloud announced a cooperation framework agreement with Xiaomi, effective from July 29, 2025, for a duration of three years for IDC-related services [2] - The agreement also includes the purchase of network hardware devices from Xiaomi, with an initial term of one year starting from July 29, 2025 [2]

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 for IDC services and network hardware [1] Group 1: Agreement Details - The agreement with Xiaomi 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 purchase IDC services and network hardware from Xiaomi, which is expected to enhance its cloud service capabilities and support business growth [1] Group 2: Strategic Benefits - The terms and conditions of the 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 collaboration is anticipated to reduce administrative costs associated with sourcing similar services from multiple providers, thereby improving overall operational efficiency [1]

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]

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]