Brief News: Kingsoft Cloud's losses significantly narrowed last year, Lei Jun resigned as chairman
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Kingsoft Cloud Holdings Limited announced an annual net loss of RMB 936 million for the year ending last December, narrowing the loss by 52% compared to the same period in 2024. Total revenue was RMB 9.559 billion, a year-on-year increase of 22.78%. Public cloud revenue grew by 32.5%, becoming the main driver. Fourth-quarter revenue reached RMB 2.76 billion, a record high, with a net loss of RMB 163 million. Lei Jun resigned as chairman due to work arrangements, and Vice Chairman Zou Tao took over. Kingsoft Cloud's US stock rose by 6.71%
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