Kingsoft Cloud Raises $60M Series C From Parent And Others

Kingsoft Cloud Group has raised US$60 million in a series C round of financing from parent company Chinese software firm Kingsoft, IDG Capital Partners and an entity associated with China Asset Management Co., Ltd., according to a disclosure document. The round values Kingsoft Cloud, the cloud computing unit of Kingsoft established in 2012, at US$1.06 […]

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Read the original article: China Money Network