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Spurned by New York, Kingsoft Cloud Looks for Love in Hong Kong

China’s largest independent cloud services provider says it’s exploring a second listing in Hong Kong, following a 57% plunge in its shares over three trading days

This article only represents the author's own views.

When is a 25% jump in your share price not much cause for celebration? The answer: When your shares have just tumbled 48% the previous trading day.

That’s the latest at Kingsoft Cloud Holdings Ltd. (KC.US), which has just announced it is exploring a potential new listing in Hong Kong to complement its current volatile New York listing. Like all U.S.-listed Chinese companies, Kingsoft Cloud has been sucked into the vortex of an ongoing storm that could see the entire group forcibly removed from the New York Stock Exchange and Nasdaq.

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Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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