Kingsoft Cloud

Independent Chinese cloud provider backed by Kingsoft and Xiaomi

Overview

Kingsoft Cloud provides public cloud and enterprise cloud services in China. Total revenues were RMB9.56 billion in 2025, up from RMB7.79 billion, or about US$1.33 billion at this list’s rate[18][1]. Kingsoft Corporation beneficially owned 32.9% of the shares and Xiaomi 10.3% as of 31 March 2026[18]. Xiaomi is also a significant customer: at the end of 2025 Kingsoft Cloud held RMB2.26 billion of advances from Xiaomi for public cloud services[18]. The company is based in Haidian District, Beijing, and had 15,225 employees[18].

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