XML 70 R49.htm IDEA: XBRL DOCUMENT
v3.22.1

Related Party Transactions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Related Party Transactions [Abstract] |
Schedule of Related Parties And Nature Of Relationship |
a) | Related Parties
Name of related parties |  | Relationship with the Group
Kingsoft Corporation Limited and its subsidiaries (other than all of entities of the Group) (“Kingsoft Group”) |  | Principal shareholder of the Company
Cheetah Mobile Inc. and its subsidiaries (“Cheetah Group”) |  | Entity that Kingsoft Corporation Limited exercises significant influence over
Xiaomi Corporation and its subsidiaries (“Xiaomi Group”) |  | Entity controlled by a director of the Company
Schedule of Related Party Transactions |
b) | The Group had the following related party transactions:
|  | For the year ended December 31 |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public cloud services provided to Xiaomi Group |  |  | 570,431 |  |  |  | 655,165 |  |  |  | 749,597 |  |  |  | 117,628 |
Public cloud services provided to Kingsoft Group |  |  | 109,177 |  |  |  | 119,011 |  |  |  | 156,158 |  |  |  | 24,505 |
Public cloud services provided to Cheetah Group |  |  | 8,579 |  |  |  | 3,111 |  |  |  | — |  |  |  | — |
Enterprise cloud services provided to Xiaomi Group |  |  | — |  |  |  | — |  |  |  | 22,857 |  |  |  | 3,587 |
Enterprise cloud services provided to Kingsoft Group |  |  | — |  |  |  | — |  |  |  | 838 |  |  |  | 131 |
Other services provided to Xiaomi Group |  |  | 120 |  |  |  | 82 |  |  |  | — |  |  |  | — |
Other services provided to Kingsoft Group |  |  | — |  |  |  | — |  |  |  | 74 |  |  |  | 12 |
|  |  | 688,307 |  |  |  | 777,369 |  |  |  | 929,524 |  |  |  | 145,863 |
Purchase of devices from Xiaomi Group |  |  | 2,707 |  |  |  | 2,177 |  |  |  | 1,349 |  |  |  | 212 |
Interest expense on loan s due to Xiaomi Group |  |  | — |  |  |  | — |  |  |  | 16,633 |  |  |  | 2,610 |
Interest expense on loan due to Kingsoft Group |  |  | 4,925 |  |  |  | — |  |  |  | 4,088 |  |  |  | 641 |
Rental of building from Xiaomi Group* |  |  | 9,578 |  |  |  | 47,900 |  |  |  | 56,452 |  |  |  | 8,859 |
Rental of office space, and administrative services from Kingsoft Group** |  |  | 24,524 |  |  |  | 13,801 |  |  |  | 13,321 |  |  |  | 2,090 |
|  |  | 41,734 |  |  |  | 63,878 |  |  |  | 91,843 |  |  |  | 14,412 |
* | The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2020 and 2021, the related operating lease right-of-use assets amounted to RMB243,585 and RMB210,551 (US$33,024) and operating lease liabilities amounted to RMB250,646 and RMB238,180 (US$37,356), respectively.
** | The Group entered into short-term agreements to lease office space from Kingsoft Group in 2019 . The agreements expired in December 2019. The amounts in 2020 and 2021 were administrative services from Kingsoft Group.
Schedule of Related Party Balances |
c) | The Group had the following related party balances at the end of the year:
|  | As at December 31 |
|  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Amounts due from related parties: |  |  |  |  |  |  |  |  |  |  |  |
Xiaomi Group |  |  | 165,568 |  |  |  | 175,170 |  |  |  | 27,488 |
Kingsoft Group |  |  | 45,258 |  |  |  | 37,731 |  |  |  | 5,921 |
|  |  | 210,826 |  |  |  | 212,901 |  |  |  | 33,409 |
Amounts due to related parties: |  |  |  |  |  |  |  |  |  |  |  |
Kingsoft Group* |  |  | 80,294 |  |  |  | 544,376 |  |  |  | 85,425 |
Xiaomi Group** |  |  | 32,704 |  |  |  | 764,941 |  |  |  | 120,036 |
|  |  | 112,998 |  |  |  | 1,309,317 |  |  |  | 205,461 |
* | During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,461) bearing a fixed annual interest rate of 4.65%. The loan will be repaid in November 2022.
** | During 2021, the Group entered into several loan agreements with a weighted average interest rate of 4.36% with Xiaomi Group which are secured by the Group’s electronic equipment. As of December 31, 2021, the current portion and non-current portion of the loans was RMB236,206 (US$37,066) and RMB472,882 (US$74,206) , respectively. Under the terms of the agreements, the Group will repay in fixed quarterly installments over 3 years according to the following schedule:
Schedule of Repayment of Related Party Loans in Fixed Quarterly Installments |
|  | 2021 |  |  | 2021 |
|  | RMB |  |  | US$ |
2022 |  |  | 236,206 |  |  |  | 37,066 |
2023 |  |  | 241,168 |  |  |  | 37,845 |
2024 |  |  | 231,714 |  |  |  | 36,361 |
|  |  | 709,088 |  |  |  | 111,272 |

X
- Definition Schedule of maturities of related party debt. + References No definition available. + Details
Name: | kc_ScheduleOfMaturitiesOfRelatedPartyDebtTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Related Parties And Nature Of Relationship [Table Text Block] . + References No definition available. + Details
Name: | kc_ScheduleOfRelatedPartiesAndNatureOfRelationshipTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Related Party Balances [Table Text Block] . + References No definition available. + Details
Name: | kc_ScheduleOfRelatedPartyBalancesTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration