---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43177308.md"
description: "$KINGSOFT CLOUD(03896.HK) rose by over ten percent, with trading volume expanding to nearly three times the 20-day average; in five trading days, it moved from just above 5 yuan to 6.94 HKD; $MININGLAMP-W(02718.HK) reversed and fell six or seven percent. The unlock of shares representing 85.4% of total share capital on July 31 has just passed, and the stock price is still heading towards its lowest point since its IPO. Both carry the banner of Hong Kong-listed Chinese AI stocks, yet one is surging with volume while the other is falling with volume. Did $KINGSOFT CLOUD(03896.HK) truly deliver on cloud and AI revenue contributions, or did the unlocked shares squeeze funds away from $MININGLAMP-W(02718.HK) elsewhere? The latter seems more likely—$KINGSOFT CLOUD(03896.HK)'s rally lacks corresponding new contracts or guidance, but the volume is real, suggesting money is simply rotating within the sector."
datetime: "2026-08-04T09:19:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43177308.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43177308.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43177308.md)
author: "[好事连连](https://longbridge.com/en/profiles/27514675.md)"
generator: "portal-rs"
---

# $KINGSOFT CLOUD(03896.HK) rose by over ten percent…


### Related Stocks

- [03896.HK](https://longbridge.com/en/quote/03896.HK.md)
- [02718.HK](https://longbridge.com/en/quote/02718.HK.md)
- [KC.US](https://longbridge.com/en/quote/KC.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**