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Kingsoft Corp Ltd (3888.HK)

3888.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Kingsoft Corp May Record A Loss For Financial Year Of 2018
9:31am IST 

Aug 14 (Reuters) - Kingsoft Corp Ltd <3888.HK>::EXPECTS REVENUE OF CLOUD BUSINESS WILL CONTINUE TO MAINTAIN A STEADY GROWTH IN REMINDER OF 2018.WITH RESPECT TO OFFICE SOFTWARE AND OTHERS BUSINESS OF COMPANY, STABLE GROWTHS ARE EXPECTED TO CONTINUE IN 2018.COMPANY MAY RECORD A LOSS FOR THREE MONTHS ENDING 30 SEPTEMBER 2018.FOR REMAINDER OF 2018, PROFIT MARGIN OF CLOUD BUSINESS EXPECTED TO SLIGHTLY IMPROVE OVER PREVIOUS YEAR.MAY RECORD A LOSS FOR FINANCIAL YEAR OF 2018.EXPECTED THAT OPERATING RESULTS FOR SECOND HALF OF YEAR WILL CONTINUE TO BE UNDER PRESSURE.  Full Article

Kingsoft Corp Posts Qtrly Profit Attributable Of RMB118.4 Mln
Wednesday, 23 May 2018 

May 23 (Reuters) - Kingsoft Corp Ltd <3888.HK>::QTRLY PROFIT ATTRIBUTABLE RMB118.4 MILLION VERSUS RMB238.5 MILLION.QTRLY REVENUE RMB1.26 BILLION VERSUS RMB1.21 BILLION.  Full Article

Kingsoft Corp Says Kingsoft Cloud To Issue 117.8 Million Series D Preferred Shares
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Kingsoft Corp Ltd <3888.HK>::KINGSOFT CORP-KINGSOFT CLOUD TO ISSUE 117.8 MILLION SERIES D PREFERRED SHARES;EACH OF CO & GY INVESTOR TO SUBSCRIBE FOR 58.9 MILLION SERIES D PREFERRED SHARES.KINGSOFT CORP -CO & GY INVESTOR AS SUBSCRIBERS AGREED TO SUBSCRIBE FOR SERIES D PREFERRED SHARES FOR US$50 MILLION​.KINGSOFT CORP-‍KINGSOFT CLOUD TO ISSUE 23.6 MILLION SERIES D PREFERRED SHARES & CO & SHUNWEI INVESTOR TO SUBSCRIBE FOR 11.8 MILLION SHARES FOR US$10 MILLION​.  Full Article

Kingsoft Corp posts Q3 profit attributable of RMB238.5​ mln
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Kingsoft Corp Ltd <3888.HK>::Q3 profit attributable RMB‍238.5​ million versus RMB141.7 million a year ago.‍Q3 revenue RMB1.30 billion versus RMB1.12 billion​.  Full Article

Kingsoft Corp & unit, Minsheng Investor and parties enter into share purchase agreement​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Kingsoft Corp Ltd <3888.HK>:Co, Minsheng Investor, Kingsoft Cloud Group, certain KSC shareholder and officer entered into share purchase agreement​.Deal for consideration of US$100 million​.Under agreement, ‍Kingsoft Cloud issued of 235.7 million series D preferred shares and Minsheng Investor subscribed 117.8 million shares ​.‍Proceeds from issue of series D preferred shares under share purchase agreement II, will be an aggregate of US$200 million​.‍Issue of series D preferred shares under agreement will have not give rise to a gain or loss on issuance date​.  Full Article