KINGSOFT CLOUD (03896) AI cloud continues to make breakthroughs as Xiaomi and Kingsoft accelerate the growth of their ecological businesses both internally and externally.

On August 19, KINGSOFT CLOUD (KC.US, 03896) released its second quarter financial report, with revenue increasing by 30.8% year-on-year, reaching 3.07 billion yuan. Among this, revenue from its public cloud business was 2.36 billion yuan, a year-on-year growth of 45.1%. AI cloud billing revenue reached 1.33 billion yuan, an increase of 82% year-on-year, accounting for 56% of public cloud revenue. In this quarter, the growth momentum within and outside the KINGSOFT CLOUD ecosystem was strong. As the only strategic cloud platform in the Xiaomi Kingsoft ecosystem, KINGSOFT CLOUD firmly grasps the diverse business demands within the ecosystem, with income from the Xiaomi Kingsoft ecosystem reaching 810 million yuan, a year-on-year increase of 28.2%, accounting for 26.2% of total revenue. Outside the ecosystem, KINGSOFT CLOUD's AI cloud business has extended its reach to the internet, cutting-edge research institutions and laboratories, embodied intelligence, autonomous driving, AI for Science, among others, achieving a diversified customer structure and business layout.