Kingsoft

Kingsoft Announces 2023 Third Quarter Results

Retrieved on: 
Tuesday, November 21, 2023
Online, Tao, Cloud, Kingsoft, Government, City, WPS, Education, AI, Alibaba Cloud, Artificial intelligence, IP, Growth, PC, Development, Video game

HONG KONG, Nov 21, 2023 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company", HKEx stock code: 03888), a leading Chinese software and internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2023 ("period under review").

Key Points: 
  • HONG KONG, Nov 21, 2023 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company", HKEx stock code: 03888), a leading Chinese software and internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2023 ("period under review").
  • For the third quarter of 2023, Kingsoft's total revenue reached approximately RMB2,059.7 million, representing an increase of 12% from the same period last year.
  • Focusing on the priority strategies of 'artificial intelligence ("AI")' and 'collaboration', Kingsoft Office Group continuously optimized the AI performance of products.
  • For the third quarter of 2023, Revenue from the office software and services business increased 9% year-on-year and decreased 2% quarter-on-quarter to RMB1,098.3 million.

Excitement builds ahead of next week's inaugural SuperBridge Summit Dubai

Retrieved on: 
Friday, October 13, 2023
Cloud, Partnership, Museum of the Future, Hope, Government, Dubai World Trade Centre, AI, Internet, Tourism, Culture, Running, Summit, Future, Web 3.0, System, Kingsoft, Environment, Growth, CIO, Policy, Blockchain, Gap, Non-Internet email address, LLM, Human, Video game

DUBAI, UAE, Oct. 13, 2023 /PRNewswire/ -- Anticipation is growing ahead of the inaugural SuperBridge Summit Dubai, which will kick off next Monday 16th October at the iconic Museum of the Future in Dubai, and running until Tuesday 17th October. A unique platform, the Summit will convene more than 500 investors, government, business, policy and cultural leaders from 20 countries to accelerate investment and co-creation opportunities in hitherto untapped and under-explored markets.

Key Points: 
  • Participants can expect a uniquely authentic, actionable and interactive event
    DUBAI, UAE, Oct. 13, 2023 /PRNewswire/ -- Anticipation is growing ahead of the inaugural SuperBridge Summit Dubai, which will kick off next Monday 16th October at the iconic Museum of the Future in Dubai, and running until Tuesday 17th October.
  • The SuperBridge Summit Dubai is a bridge to bring these together, connecting old and young, tradition and modernity, North and South, East and West to enable future generations to thrive.
  • Xu continues: "The SuperBridge Summit Dubai will be different in a number of key aspects.
  • A pioneering initiative by KAOUN International, a subsidiary of Dubai World Trade Centre (DWTC), and the SuperBridge Council, the SuperBridge Summit Dubai is held in partnership with the 43rd edition of GITEX Global, the world's largest and most influential tech event hosted in Dubai, attracting tech executives and investors from 170 countries.

Excitement builds ahead of next week's inaugural SuperBridge Summit Dubai

Retrieved on: 
Friday, October 13, 2023
Cloud, Partnership, Museum of the Future, Hope, Government, Dubai World Trade Centre, AI, Internet, Tourism, Culture, Running, Summit, Future, Web 3.0, System, Kingsoft, Environment, Growth, CIO, Policy, Blockchain, Gap, Non-Internet email address, LLM, Human, Video game

DUBAI, UAE, Oct. 13, 2023 /PRNewswire/ -- Anticipation is growing ahead of the inaugural SuperBridge Summit Dubai, which will kick off next Monday 16th October at the iconic Museum of the Future in Dubai, and running until Tuesday 17th October. A unique platform, the Summit will convene more than 500 investors, government, business, policy and cultural leaders from 20 countries to accelerate investment and co-creation opportunities in hitherto untapped and under-explored markets.

Key Points: 
  • Participants can expect a uniquely authentic, actionable and interactive event
    DUBAI, UAE, Oct. 13, 2023 /PRNewswire/ -- Anticipation is growing ahead of the inaugural SuperBridge Summit Dubai, which will kick off next Monday 16th October at the iconic Museum of the Future in Dubai, and running until Tuesday 17th October.
  • The SuperBridge Summit Dubai is a bridge to bring these together, connecting old and young, tradition and modernity, North and South, East and West to enable future generations to thrive.
  • Xu continues: "The SuperBridge Summit Dubai will be different in a number of key aspects.
  • A pioneering initiative by KAOUN International, a subsidiary of Dubai World Trade Centre (DWTC), and the SuperBridge Council, the SuperBridge Summit Dubai is held in partnership with the 43rd edition of GITEX Global, the world's largest and most influential tech event hosted in Dubai, attracting tech executives and investors from 170 countries.

Kingsoft Announces 2023 Interim and Second Quarter Results

Retrieved on: 
Tuesday, August 22, 2023
Online, Tao, Chief digital officer, LLM Communications, Health, Policy, Kingsoft, ZOU, IP, WPS, Government, WPS Office, Hong Kong Exchanges and Clearing, JX Online 3, Local government, Publishing, IPad Air 2, Artificial intelligence, Growth, Ecosystem, AI, Longevity, Video game

-- AI Product Deployment Accelerates; Subscription Business Continues to Grow

Key Points: 
  • -- AI Product Deployment Accelerates; Subscription Business Continues to Grow
    HONG KONG, Aug 22, 2023 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2023 interim results and its second quarter results for the period ended 30 June 2023.
  • For the second quarter of 2023, the Company's revenue increased 20% year-on-year to RMB2,193.5 million.
  • Revenue from office software and services and online games and others represented 51% and 49%, respectively, of total revenue for the second quarter of 2023.
  • Mr. Jun LEI, Chairman of the Company, commented, "Our core businesses achieved robust growth in the second quarter of 2023.

Kingsoft Cloud Announces Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 22, 2023
Cloud, Tao, IDC, Federal Reserve Bank, KC, CDN, Social conditions in Honduras, Agility, Customer, Marketing, COVID-19, Calendar, Income tax, Research, Government, US, HKEX, EBITDA, PIN, Investment, Depreciation, Translation, Growth, AI, Annual report, RMB, Video game, Cryptocurrency, Bank, Kingsoft, Renminbi

BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Our execution of these strategies is well reflected in the sustained robust growth momentum of our gross profit and Non-GAAP EBITDA in the second quarter of 2023.
  • Revenues from public cloud services decreased by 10.1% to RMB1,159.5 million (US$159.9 million), compared with RMB1,289.1 million in the same quarter of 2022.
  • Non-GAAP EBITDA margin was -3.3% this quarter, compared with -7.0% last quarter and -8.6% in the same quarter last year.

Kingsoft Announces 2023 First Quarter Results

Retrieved on: 
Tuesday, May 23, 2023
Online, Tao, Marketing, ZOU, Android, JX, WPS, IOS, Government, Hong Kong Exchanges and Clearing, Organization, JX Online 3, IPS, Artificial intelligence, Growth, Video game, Kingsoft, AI

HONG KONG, May 23, 2023 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2023 ("period under review").

Key Points: 
  • HONG KONG, May 23, 2023 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2023 ("period under review").
  • Mr. Jun LEI, Chairman of Kingsoft, commented, "We had a good start in the first quarter of 2023.
  • For the first quarter of 2023, revenue from the office software and services business increased 21% year on-year to RMB1,051.7 million.
  • Revenue from the online games and others business for the first quarter of 2023 decreased 6% year-on-year to RMB918.7 million.

Kingsoft Cloud Announces Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 23, 2023
Cloud, Tao, Operating cost, Total revenue share, Federal Reserve Bank, IDC, KC, CDN, Social conditions in Honduras, Customer, Marketing, Infection, COVID-19, Calendar, GAAP, Government, US, HKEX, EBITDA, PIN, Investment, Depreciation, Chinese New Year, Translation, Average cost, Growth, Non, Research, Annual report, RMB, Tourism, Cryptocurrency, Video game, Bank, Kingsoft, Renminbi

BEIJING, May 23, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 23, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • Revenues from public cloud services decreased by 16.4% to RMB1,153.7 million (US$168.0 million), compared with RMB1,380.8 million in the same quarter of 2022.
  • Revenues from enterprise cloud services were RMB710.0 million (US$103.4 million), representing a decrease of 10.4% from RMB792.5 million in the same quarter of 2022.
  • Non-GAAP EBITDA margin was-7.0% this quarter, compared with -11.5% last quarter and -6.6% in the same quarter last year.

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Wednesday, March 29, 2023
Cloud, Tao, Workforce, Operating cost, IDC, Federal Reserve Bank, Loss, KC, CDN, Social conditions in Honduras, Customer, Share repurchase, Marketing, COVID-19, Calendar, Stock exchange, Government, Motherboard, Public expenditure, Net, US, HKEX, EBITDA, PIN, Acquisition, Liu v. Securities and Exchange Commission, Investment, Depreciation, Translation, Growth, Research, Annual report, RMB, Cryptocurrency, Video game, Film industry, Health care, Pharmaceutical industry, Reinsurance, Bank, Kingsoft, Camelot

BEIJING, March 29, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • BEIJING, March 29, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.
  • Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We concluded the challenging year of 2022 with pleasing fourth quarter results.
  • Gross margin increased from 1.0% in the same period in 2021 and 6.2% last quarter to 7.6% this quarter.
  • Revenues from public cloud services slightly increased from RMB1,346.0 million in last quarter, but decreased by 12.2% to RMB1,344.3 million (US$194.9 million), compared with RMB1,530.5 million in the same quarter of 2021.

Global Office Software Market Report 2023: Sector to Reach $37.06 Billion in 2028 from $24.45 Billion in 2022

Retrieved on: 
Friday, March 24, 2023
Cloud, Google Docs, Software as a service, G-suit, Visualization, Marketing, Microsoft Office, Internet, Spreadsheet, Policy, COVID-19, SME, Google Workspace, Kingsoft, IWork, Microsoft, Android, WPS, IOS, WPS Office, Database, Organization, Cloud computing, Artificial intelligence, Growth, Collaboration, Deployment, BYOD, Software, Video game, Online shopping, Mobile phone, Apple

The global office software market was valued at US$24.45 billion in 2022.

Key Points: 
  • The global office software market was valued at US$24.45 billion in 2022.
  • North America office software market holds the largest share of global office software market owing to increasing internet penetration, growing SME expenditures in the SaaS and cloud industry, growing demand for cost effective, easy to use and customizable office software solutions among businesses, increasing advancements in office software solutions and rising consumer awareness about collaborative office software.
  • The US office software market is further divided into five segments by type, namely, spreadsheet software, word processing software, presentation software, visualization software and others, where the spreadsheet segment holds the largest share.
  • So, increasing integration of AI in office software suits is expected to boost the growth of global office software market.

Kingsoft Announces 2022 Annual and Fourth Quarter Results

Retrieved on: 
Tuesday, March 21, 2023
Online, Tao, Docere, Data management, Big data, Internet, Policy, ZOU, IP, JX, WPS, Government, Hong Kong Exchanges and Clearing, Cloud computing, JX Online 3, IPS, Local government, Artificial intelligence, Growth, AI, Longevity, Video game, Kingsoft

HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.

Key Points: 
  • HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.
  • For the fourth quarter of 2022, the Company's revenue increased 16% year-on-year and 15% quarter-on-quarter to RMB2,112.4 million.
  • Revenue from the office software and services and online games and others represented 52% and 48%, respectively, of the Company's total revenue for the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2022 increased 20% year-on-year and 19% quarter-on-quarter to RMB1,740.8 million, while operating profit amounted to RMB618.7 million.