China’s leading cloud service provider Kingsoft Cloud (NASDAQ: KC; HKEX: 3896) successfully completed a new share placement, raising approximately HKD 2.8 billion.
As Kingsoft Cloud’s long-term partner, Fangda Partners once again acted as the company’s PRC legal counsel, providing comprehensive legal services throughout the transaction. This follows Fangda’s prior support for Kingsoft Cloud in its U.S. listing, dual primary listing in Hong Kong, and multiple refinancing transactions across both markets. The deal marks the second fundraising Fangda has assisted Kingsoft Cloud with this year, following the USD 290 million dual-market financing completed in April 2025.
The Fangda team was led by partners Jeffrey Ding and Wei Jianbo. Key members including counsel Cassie Chang and associates Lucy Hu, Joshua Guo, Elaine Tang, and Julian Lv.