Kingsoft Cloud Holdings Ltd

Overview

Kingsoft Cloud Holdings Ltd. is a China-based cloud computing provider, established in 2012. Its business combines cloud infrastructure and cloud-native products with industry-specific solutions and services such as migration, deployment, and maintenance. Its offerings include computing, storage, networking, databases, big-data services, and AI model-training and inference capabilities.[1]+2

The company says it provides cloud solutions to businesses and organizations across sectors; substantially all of its assets and operations are in China. For FY2025, it reported revenue of RMB 9.56 billion and 15,225 employees at year-end.[4]+3 [1]+8

Products & services

Kingsoft Cloud’s products span cloud infrastructure, cloud-native services and industry solutions. Its GPU Cloud Server (GEC) provides accelerated computing for scientific computing, image rendering, and audio/video encoding and decoding, including offline model training and online inference. It can be combined with KS3 object storage, KRDS relational databases and KMR MapReduce for model training and deployment; the company also offers GPU elastic compute and dedicated GPU physical compute.[8]+2 XingLiu Model API Service provides model access and management for developers and enterprises, including high-concurrency inference, multi-model management, access controls and monitoring.[11]

Networking products include Virtual Private Cloud (VPC), which creates logically isolated networks using VXLAN and supports connections to on-premises data centers through dedicated lines or IPsec VPN; access control lists and security groups manage network and server access. NAT supports private/public IP translation and internet access.[12] For video and media workloads, Kingsoft Cloud Live-video Service (KLS) offers streaming, upload and download acceleration, real-time transcoding, recording, watermarking, screenshots, stream-status management and delayed playback. Media Transcoder handles distributed multimedia processing, while Smart High Definition (KSHD) applies computer vision and deep learning for denoising, enhancement, video classification and quality assessment. Video-cloud solutions also support on-demand and live streaming, including 4K–8K transmission.[13]+4

For FY2025, public-cloud-services revenue was RMB6,633.5 million and enterprise-cloud-services revenue was RMB2,925.1 million, out of RMB9,558.6 million total revenue. These are service-category figures rather than revenue by individual product. Q4 2025 AI-business gross billings were RMB926 million; this is a billings measure, not separately disclosed recognized revenue for a named AI product.[18] [8]+10

Geographic presence

Kingsoft Cloud’s operating footprint is centered in China: its 2025 Form 20-F states that substantially all of its assets and operations are located there. Its disclosed entities include mainland locations such as Beijing, Nanjing, Wuhan, Tianjin, Qingyang, Zhuhai and Hainan, as well as a Hong Kong subsidiary. The filing identifies Beijing-based research and development entities and cloud-services entities in several mainland locations; it also describes Kingsoft Cloud Shenzhen’s work in content distribution, acceleration and edge computing.[4]+2

At December 31, 2025, the company reported two owned data centers and approximately 101,500 servers, primarily in China; the cited disclosure does not identify the data-center cities. The reviewed filing does not provide revenue by customer country or region, so geographic sales percentages cannot be stated. It also does not provide an employee-location breakdown or a complete office inventory.[21]+2 [4]+6

Business segments

Kingsoft Cloud reports one operating segment; public cloud services and enterprise cloud services are revenue categories, not separately reported operating segments [24]. In FY2025, public cloud services generated RMB6,633.5 million, approximately 69.4% of revenue, and enterprise cloud services generated RMB2,925.1 million, approximately 30.6% [25]. In Q1 2026, the respective revenues were RMB1,996.3 million and RMB707.4 million—about 73.8% and 26.2% of total revenue [26].

Public cloud services include on-demand IT infrastructure and products such as elastic computing, cloud storage, cloud networking, cloud databases, big data, and Starflow for model training, inference, and services [2]. The company describes its enterprise-oriented offerings as including cloud infrastructure and cloud-native products, industry-specific solutions, and services such as planning, migration, deployment, maintenance, and upgrades, including links to customers’ on-premises data centers [1][27]. These descriptions characterize its broader platform; the company does not provide a precise itemized mapping of offerings to the enterprise-cloud revenue category [1]. [24]+7

Company history

Kingsoft Cloud was established on February 1, 2012, as part of Kingsoft Group’s cloud business; the available records do not identify an individual founder. It expanded into video-cloud solutions in 2016, serving on-demand video and live-streaming businesses.[28]+2 Wang Yulin became CEO effective December 1, 2016.[30]

In May 2020, Kingsoft Cloud completed its U.S. initial public offering and began trading on Nasdaq.[31] It acquired a controlling interest in Camelot in September 2021 and increased its stake through further purchases in 2022, adding enterprise digital solutions to its business.[32] Wang resigned as CEO in August 2022, and Tao Zou was appointed acting CEO.[33] In December 2022, the company listed on the Hong Kong Stock Exchange by way of introduction, in addition to its Nasdaq listing.[29] [28]+7

Sources

• Kingsoft Cloud Holdings Ltd — Full financial report (2025 Y)
  21 citations

  [1][2][4][5][6][8][11][12][13][14][15][16][17][19][20][22][23][24][25][27][28]
• ir.ksyun.com[3]
• www1.hkexnews.hk[7]
• en.ksyun.com[9]
• en.ksyun.com[10]
• ir.ksyun.com[18]
• www1.hkexnews.hk[21]
• ir.ksyun.com[26]
• www1.hkexnews.hk[29]
• ir.kingsoft.com[30]
• ir.ksyun.com[31]
• Kingsoft Cloud Holdings Ltd — Full financial report (2024 Y)[32]
• www.sec.gov[33]