Kingsoft Cloud to be Added to MSCI China Index
November 30 2020 - 4:11AM
Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company")
(NASDAQ: KC), a leading independent cloud service provider in
China, today announced that it will be included in the MSCI China
Index, effective after the U.S. market close on November 30, 2020.
Kingsoft Cloud is one of only two US-listed Chinese
companies selected for the MSCI China Index inclusion in this
upcoming reconstitution. This is indeed a great milestone for the
company and inclusion in MSCI China Index reflects company’s
continued growth while enhancing its leading position as an
independent cloud service provider in China.
MSCI is a leading provider of research-based
indexes and analytics worldwide. The indices cover thousands of
securities from different geographic sub-areas and cap sizes that
have good operational results and potential. The MSCI market cap
weighted indices are amongst the most respected and widely used
benchmarks in the financial industry, and the MSCI China Index is
widely used among institutional investors.
About Kingsoft Cloud Holdings
LimitedKingsoft Cloud Holdings Limited (NASDAQ: KC) is a
leading independent cloud service provider in China. Kingsoft Cloud
has built a comprehensive and reliable cloud platform consisting of
extensive cloud infrastructure, cutting-edge cloud products and
well-architected industry-specific solutions across public cloud,
enterprise cloud and AIoT cloud services.
For more information, please visit:
http://ir.ksyun.com.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates” and similar statements. Among other things, the
Business Outlook and quotations from management in this
announcement, as well as Kingsoft Cloud’s strategic and operational
plans, contain forward-looking statements. Kingsoft Cloud may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (“SEC”), in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to fourth parties. Statements that are not
historical facts, including but not limited to statements about
Kingsoft Cloud’s beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Kingsoft
Cloud’s goals and strategies; Kingsoft Cloud’s future business
development, results of operations and financial condition; the
relevant government policies and regulations relating to Kingsoft
Cloud’s business and industry; the expected growth of the cloud
service market in China; the expectation regarding the rate at
which to gain customers, especially Premium Customers; Kingsoft
Cloud’s ability to monetize the customer base; fluctuations in
general economic and business conditions in China; the impact of
the COVID-19 to Kingsoft Cloud’s business operations and the
economy in China and elsewhere generally; China’s political or
social conditions and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in Kingsoft Cloud’s filings with the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and Kingsoft Cloud does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:Kingsoft Cloud Holdings LimitedNicole ShanTel: +86
(10) 6292-7777 Ext. 6300Email: ksc-ir@kingsoft.com
ChristensenMs. Linda BergkampPhone:
+1-480-614-3004E-mail: lbergkamp@christensenir.com
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