On Tuesday, the US stock market of Kingsoft Cloud (NASDAQ: KC) closed at $4.83, a decrease of 12.34%, with a total market value of $1.14 billion.
Yesterday, the company announced its unaudited financial performance for the third quarter ended September 30, 2023. Data shows that Jinshan Cloud's revenue in the third quarter of 2023 was 1.6252 billion yuan, and its gross profit increased by 60.3% year-on-year to 196.2 million yuan; The net loss was 789.7 million yuan, with an adjusted net loss of 313.3 million yuan significantly narrowing year-on-year.