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China’s Kingsoft navigates ‘zero Covid’ ruling but takes a hit on quarterly results

The group has also announced it intends to enter into a repurchase agreement with a potential size no more than US$30 million.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

September 19, 2022 | 9:42 PM BST

Chinese cloud operator Kingsoft Cloud Holdings Limited (NASDAQ: KC) has reported its financial figures for the second quarter of 2022 with a mixed result across the board in part due to Beijing’s zero Covid police.

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João Marques Lima

Founder and Editor, The Tech Capital

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