US Stock Market News | KINGSOFT CLOUD Surges Over 24%, Total Market Value Exceeds $940 Million

On Wednesday, as of the time of publication, Kingsoft Cloud surged over 24%, reaching $3.968, with a total market value exceeding $940 million. In terms of news, Kingsoft Cloud had previously announced that its consolidated affiliated entity, Kingsoft Cloud (Qingyang) Data, had entered into a financing lease framework agreement with China Xinda's non-wholly-owned subsidiary, Xinda Financial Leasing. Based on this, Xinda Financial Leasing will provide financing lease services to Kingsoft Cloud (Qingyang) Data through direct financing lease, with a total financing amount not exceeding 300 million RMB. The target assets include servers and other accessories (including CPUs, hard drives, and data cables)