Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong as Delisting Risk Grows

Kingsoft Cloud seeks to list in Hong Kong after being placed on a long list of Chinese companies that can be delisted in the U.S. under a law that requires the sharing of audit data Key Takeaway: Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records The company’s stock has lost more than 95% of its value from its peak, hit…

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Kingsoft Cloud Gets Pelted by Storm Over Locked Novel

Shares of China’s largest independent cloud services provider fell 12% after a social media storm erupted over a novelist who lost access to her work Key Takeaways: Kingsoft Cloud’s shares fell after it stopped an author from accessing her novel saved on its platform on suspicion she may have violated Chinese law The cloud services provider’s shares have lost three-quarters of their value this year on concerns about U.S.-China tensions and the company’s slowing growth By Doug Young This was one story that software maker Kingsoft Cloud (KC.US) probably didn’t…

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Spurned by New York, Kingsoft Cloud Looks for Love in Hong Kong

China’s largest independent cloud services provider says it’s exploring a second listing in Hong Kong, following a 57% plunge in its shares over three trading days Key Takeaways: Kingsoft Cloud is studying a possible dual listing in Hong Kong to complement its current listing on the Nasdaq Company made the announcement after the U.S. securities regulator reminded U.S.-listed Chinese firms they could face forcible delistings under a law passed in December 2020 By Doug Young When is a 25% jump in your share price not much cause for celebration? The…

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