On May 22, Kingsoft Cloud rose 5.51% in regular trading, trading at HK$7.28/share, with trading volume of HK$299 million.
On the news front, OpenClaw concept stocks rallied broadly, lifting Kingsoft Cloud as a constituent of the sector. Multiple catalysts drove the strength: Zhipu announced the opening of its GLM-5.1 high-speed API, setting a new global record for large model API speed; Alibaba Cloud released Qwen3.7-Max and deployed it on the Bailian platform; Lenovo launched its Canopy Plan committing massive computing resources; and OpenAI reported strong Q1 revenue of $5.7 billion, leading competitor Anthropic by approximately $1 billion. Within the sector, Zhipu surged 14.95%, NetEase rose 7.34%, and Xunce gained 6.70%.
As a cloud computing service provider, Kingsoft Cloud benefited from the convergence of positive developments across the AI and cloud computing landscape, which boosted market confidence in the sector's growth outlook. Notably, the stock had experienced consecutive sessions of weakness earlier in the week due to concerns over telecom operators' Token-based pricing transformation potentially undermining traditional cloud intermediaries.
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