China’s loss-making cloud companies search for a silver lining
Kingsoft Cloud 北京金山云 is a cloud services provider spun off in 2012 from Kingsoft, one of China’s oldest software companies, which was founded in Beijing in 1988. On November 17, the company announced its financial results for the third quarter of 2022, and as expected, there was no profit in…
bubmagDecember 1, 2022