Kingsoft Cloud unit to buy 20% stake in Shenzhen One Thing for RMB50 million

Reuters

Mar 03

<a href="https://laohu8.com/S/KC">Kingsoft Cloud</a> unit to buy 20% stake in Shenzhen One Thing for RMB50 million

Kingsoft Cloud Holdings Ltd. said its subsidiary Wuhan Kingsoft Cloud has agreed to acquire a 20% equity interest in Shenzhen One Thing Technologies Co., Ltd. from Shenzhen Xunlei Network Technology Co., Ltd. for RMB50 million (tax included), under an equity transfer agreement signed on March 3, 2026. In the same agreement, Xunlei will sell a further 30% stake in the target to Shenzhen Xinghan Zhilian Technology Co., Ltd. for RMB75 million (tax included). Following completion, Kingsoft Cloud will indirectly hold 20% of the target and will not consolidate it in its financial statements; completion is expected within 10 business days after conditions are satisfied or waived, and Kingsoft Cloud will fund its payment from internal resources.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kingsoft Cloud Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260303-12039036), on March 03, 2026, and is solely responsible for the information contained therein.

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In the same agreement, Xunlei will sell a further 30% stake in the target to Shenzhen Xinghan Zhilian Technology Co., Ltd. for RMB75 million . Following completion, Kingsoft Cloud will indirectly hold 20% of the target and will not consolidate it in its financial statements; completion is expected within 10 business days after conditions are satisfied or waived, and Kingsoft Cloud will fund its payment from internal resources.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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In the same agreement, Xunlei will sell a further 30% stake in the target to Shenzhen Xinghan Zhilian Technology Co., Ltd. for RMB75 million (tax included). Following completion, Kingsoft Cloud will indirectly hold 20% of the target and will not consolidate it in its financial statements; completion is expected within 10 business days after conditions are satisfied or waived, and Kingsoft Cloud will fund its payment from internal resources.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kingsoft Cloud Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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