HK Stock Market Move | KINGSOFT CLOUD (03896) opened more than 5% higher. Prices of AI computing related products and services have been increased by approximately 15%-50%.

KINGSOFT CLOUD (03896) opened over 5% higher and, as of the time of publication, rose 5.18% to 5.89 Hong Kong dollars, with a turnover of 1015.44 million Hong Kong dollars. On the news front, according to the official website of KINGSOFT CLOUD, due to the increasing global demand for AI computing power and rising hardware costs, certain product prices will be adjusted. Prices for AI computing power-related products and services will be raised by about 15%-50%, and prices for file storage-related products and services will be raised by about 30%-50%. The adjustments will take effect starting at 00:00:00 on July 12, 2026 Beijing time. Existing orders within the current billing cycle will not be affected, and the new prices will apply at the start of the next billing cycle. Open Source Securities believes that the 15%-50% increase in AI computing power prices by KINGSOFT CLOUD is a continuation of the industry-wide trend of price adjustments following Alibaba Cloud, Baidu AI Cloud, and Tencent Cloud, confirming the turning point from "internal pricing" to "supply-demand pricing" for AI computing power.