Abnormal movement in US stocks | Kingsoft Cloud (KC.US) rose more than 7% against the market trend, Hong Kong stocks closed up 2.69% today

According to the Securities Times app, on Thursday, Kingsoft Cloud (KC.US) rose against the market trend, with the stock rising more than 7% to $17.655 by the time of publication. Hong Kong stocks closed up 2.69% today. In terms of news, Kingsoft Cloud recently announced a private placement of 338 million new shares at HK$8.29 per share, expecting to raise a net amount of approximately HK$2.76 billion, of which 80% will be used for expanding its AI business, including upgrading infrastructure and cloud service capabilities, while the remaining funds will be used to meet operational needs. After this placement, Kingsoft Software holds 32.94% of the shares and Xiaomi holds 10.29%.