Kingsoft Cloud Reports Q1 Revenue of $391.96M
Reports Q1 revenue $391.96M vs. $271.47M last year. Tao Zou, chairman of the board and CEO of Kingsoft Cloud, commented: "We continued to advance our 'High Quality and Sustainable Development Strategy'. The gross billing of AI business grew 90% year-over-year, accounting for more than half of the revenue from public cloud services for the first time. We are excited about the vast opportunities in this new era, from computing power to vertical solutions, as we continued to invest in infrastructure, enhance our capabilities, and strengthen customer base both within and outside of the ecosystem."
