On August 19, U.S. stocks, Kingsoft Cloud (NASDAQ: KC) released its Q2 financial report: revenue was RMB 3.072 billion, up 30.8% year over year, reaching a new quarterly high; public cloud revenue was RMB 2.36 billion, up 45.1% year over year. Of this, AI cloud billings were RMB 1.33 billion, up 82% year over year, accounting for about 56% of public cloud. Adjusted gross margin rose to 15.4%, and adjusted operating profit margin was 4.0%. The company was profitable again at the operating level. On the day, the share price jumped by more than 11%. This indicates that demand for AI computing power is translating positively to cloud providers’ revenue, which can serve as a reference for observing the industry conditions of the Nasdaq-listed China cloud computing sector. $KC is for informational purposes only and does not constitute investment advice.