Kingsoft Cloud Holdings Ltd (HK:3896) just unveiled an update. Kingsoft Cloud Holdings Ltd has entered into the 2025 Xiaomi Cooperation Framework Agreement with Xiaomi, effective from July 29, 2025. This agreement involves Xiaomi providing IDC related services to Kingsoft Cloud for three years and selling network hardware devices for one year. As Xiaomi holds a significant share in Kingsoft Cloud, the transactions are classified as continuing connected transactions under Hong Kong Listing Rules. These transactions are subject to reporting and annual review requirements but do not require independent shareholders’ approval.\n\nThe most recent analyst rating on (HK:3896) stock is a Hold with a HK$1.70 price target. To see the full list of analyst forecasts on Kingsoft Cloud Holdings Ltd stock, see the HK:3896 Stock Forecast page.\n\nKingsoft Cloud Holdings Ltd is a company incorporated in the Cayman Islands, primarily operating in the cloud computing industry. It focuses on providing a range of cloud services, including infrastructure as a service (IaaS) and platform as a service (PaaS), catering to various business needs.

Kingsoft Cloud Enters Strategic Agreement with Xiaomi

Kingsoft Cloud Holdings Ltd has signed a 2025 cooperation framework agreement with Xiaomi, effective July 29, 2025. The agreement involves Xiaomi providing IDC services for three years and selling network hardware for one year. The transactions are classified as continuing connected transactions under Hong Kong Listing Rules. The company, incorporated in the Cayman Islands, operates in cloud computing and has a recent analyst rating of 'Hold' with a HK$1.70 price target.