STOCKS | Kingsoft Cloud to Raise Prices on Some Services by Up to 50% From July 12

Kingsoft Cloud (3896) told users it will raise prices on some services by as much as 50% from July 12. According to Ming Pao, AI computing power-related products and services will increase about 15% to 50%, while document storage-related products and services will rise about 30% to 50%. The company said specific specifications and prices will be subject to the billing details shown in the console. Users who purchased the relevant services before July 12 will not be affected during the current order or billing cycle, with the new prices applying from the next billing cycle.