Kingsoft Cloud invests 50 million RMB for a 20% stake in Wangxin Technology
Kingsoft Cloud (03896.HK) announced that its subsidiary, Wuhan Kingsoft Cloud, has acquired a 20% stake in Shenzhen Wangxin Technology from Xunlei for a cash consideration of RMB 50 million. Shenzhen Wangxin Technology mainly engages in content distribution (CDN) and acceleration services based on edge computing. This acquisition represents an attractive strategic minority equity investment opportunity
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