Kingsoft Cloud Holdings Ltd (HK:3896) has released an update.
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Kingsoft Cloud Holdings Ltd has enhanced its AI infrastructure by entering into a significant finance lease agreement with Cinda Financial Leasing, allowing access to essential servers and accessories for up to RMB300 million. This strategic move, effective September 24, 2024, is designed to bolster the company’s cloud services without the need for upfront capital, while also meeting reporting requirements under the Hong Kong Listing Rules without necessitating shareholder approval.
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