Kingsoft Cloud Holdings Limited announced on November 11, 2024, that its consolidated affiliated entity, Beijing Kingsoft Cloud Network Technology Co., Ltd., entered into a finance lease agreement with CITIC Financial Leasing Co., Ltd. This agreement provides a finance lease principal of RMB250 million.
The purpose of this finance lease is to accelerate Kingsoft Cloud's investment into AI infrastructure. The agreement has a term of three years, with an initial annual interest rate of 4.35%.
This financing move is expected to extend the company's financing channels, enhance its liquidity sources, and optimize its capital structure by replenishing working capital, supporting its strategic focus on AI development.
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