Kingsoft Cloud Reports Improved Mid-Year Financials

Kingsoft Cloud Holdings (KC) has released an update.

Kingsoft Cloud Holdings Limited has released its unaudited interim results for the first half of 2024, showcasing a slight decrease in revenues by 0.9%, a significant 52.6% increase in gross profit, and a substantial reduction in net loss by over 35%. The company’s financial performance indicates efficiency improvements and cost management, reflecting positively on its operational strategies during the period.

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