Kingsoft Cloud (KC, Financial) saw its stock rise by more than 12.7% to $7.54 in pre-market trading. Meanwhile, its H-shares closed with a gain of over 10.7% at 4.02 HKD. This surge follows the announcement of a strategic cooperation agreement between Kingsoft Cloud and Anheng Information in Beijing.
The two companies plan to leverage their core businesses and resources to foster a close strategic partnership. Their collaboration will focus on expanding market opportunities in areas such as cloud security, data security, network security, commercial cryptography, and privacy computing.
