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Goldman Sachs Slashes Kingsoft's Price Target by Half

Goldman Sachs analyst Piyush Mubayi downgraded Kingsoft Cloud Holdings Ltd. to Neutral from Buy with a price target of $18, down . ....

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Team behind censored spreadsheet exposing brutal 996 Big Tech work hours deletes project after widespread crackdown

A viral spreadsheet called WorkingTime detailing hours at Big Tech companies has faced mass censorship from Tencent, Kingsoft and others, pushing the team behind it to disband. ....

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Kingsoft Announces 2021 First Quarter Results


Kingsoft Announces 2021 First Quarter Results
JX Online III PC Game Delivers Solid Performance
HONG KONG, May 25, 2021 - (ACN Newswire) - Kingsoft Corporation Limited ( Kingsoft or the Company ; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2021 ( period under review ).
During the period under review, the revenue of Kingsoft increased 33% year-over-year to RMB1,559.6 million. Revenue from the online games and others and office software and services represented 51% and 49%, respectively, of total revenue. Gross profit increased 36% year-over-year to RMB1,315.9 million, while profit attributable to owners of the parent increased 1,763 % year-over-year to RMB116.6 million. ....

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