Kingsoft Cloud Holdings Limited announced on December 31, 2024, that its shareholders adopted all proposed resolutions at an extraordinary general meeting held in Beijing. This approval includes the renewed framework agreements with Kingsoft Corporation and Xiaomi.
A key outcome of the meeting was the approval of a significantly increased revenue contribution from the Xiaomi and Kingsoft ecosystem for the 2025-2027 period. The new cap for related product transactions is set at RMB11.3 billion, which is ten times the amount in 2023.
This long-term commitment from its strategic partners provides Kingsoft Cloud with substantial revenue visibility and a solid foundation for sustained growth and profitability, particularly as it continues to integrate AI-powered initiatives across the ecosystem.
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