By Amber Deter The Kingsoft IPO recently hit the market. Kingsoft Cloud (Nasdaq: KC) is the first Chinese company to go public since the Luckin Coffee scandal in April. But even though investors are wary of Chinese companies, the launch of Kingsoft stock was successful.
So, should you invest in Kingsoft Cloud? Here’s what we know…
Kingsoft IPO: The Business
Founded in 2012, Kingsoft Cloud is China’s largest independent cloud service provider. And overall, it’s the third largest provider with a market share of 5.4%. Its main competitors are Alibaba (NYSE: BABA) and Tencent (OTCMKTS: TCEHY). But Kingsoft believes it has a leading position as global …read more
