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Benzinga
Benzinga
Business
The Bamboo Works

BIZARRE: Kingsoft cloud gets pelted by storm over locked novel - What They Never Told You

Kingsoft Cloud Kingsoft China SEC Internet United States Nasdaq

Key Takeaways:

  • Kingsoft Cloud’s shares fell after it stopped an author from accessing her novel saved on its platform on suspicion she may have violated Chinese law
  • The cloud services provider’s shares have lost three-quarters of their value this year on concerns about U.S.-China tensions and the company’s slowing growth
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