XML 71 R48.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
RELATED PARTY TRANSACTIONS |
Schedule of related Parties and nature of relationship |
a) | Related Parties
Name of principal 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
​ | ​ | ​
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
​ |  | 2021 |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public cloud services provided to Xiaomi Group |  | 749,597 | ​ | 804,647 |  | 763,338 |  | 107,514
Public cloud services provided to Kingsoft Group |  | 156,158 | ​ | 187,907 |  | 217,333 |  | 30,611
Public cloud services provided to other related parties | ​ | — | ​ | 50,629 | ​ | 378 | ​ | 53
Enterprise cloud services provided to Xiaomi Group |  | 22,857 | ​ | 74,590 |  | 104,967 |  | 14,784
Enterprise cloud services provided to Kingsoft Group |  | 838 | ​ | 10,892 |  | 18,690 |  | 2,632
Enterprise cloud services provided to other related parties | ​ | — | ​ | — | ​ | 2,200 | ​ | 310
Other services provided to Kingsoft Group |  | 74 | ​ | — |  | — |  | —
Other services provided to other related parties | ​ | — | ​ | — | ​ | 436 | ​ | 61
​ |  | 929,524 | ​ | 1,128,665 |  | 1,107,342 |  | 155,965
Purchase of devices from Xiaomi Group |  | 1,349 | ​ | 144 |  | 91 |  | 13
Interest expense on loans due to Xiaomi Group |  | 16,633 | ​ | 48,707 |  | 39,703 |  | 5,592
Interest expense on a loan due to Kingsoft Group |  | 4,088 | ​ | 18,364 |  | 958 |  | 135
Rental of building from Xiaomi Group* |  | 56,452 | ​ | 48,766 |  | 39,713 |  | 5,593
Rental of office space, and administrative services from Kingsoft Group |  | 13,321 | ​ | 13,931 |  | 9,167 |  | 1,291
​ |  | 91,843 | ​ | 129,912 |  | 89,632 |  | 12,624
* | The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2022 and 2023, the related operating lease right-of-use assets amounted to RMB167,697 and RMB115,622 (US$16,285) and operating lease liabilities amounted to RMB224,346 and RMB132,146 (US$18,612), respectively.
Schedule of related party balances |
c) | The Group had the following related party balances at the end of the year:
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31
​ |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | US$
Amounts due from related parties: | ​ | ​ |  |  |  |
Trade related: | ​ | ​ |  | ​ |  | ​
Xiaomi Group | ​ | 200,577 |  | 189,027 |  | 26,623
Kingsoft Group | ​ | 34,550 | ​ | 61,901 | ​ | 8,719
Other related parties* | ​ | 6,268 | ​ | 71,372 | ​ | 10,053
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-trade related: | ​ | ​ |  | ​ |  | ​
Kingsoft Group | ​ | 10,868 |  | — |  | —
​ | ​ | 252,263 | ​ | 322,300 | ​ | 45,395
Amounts due to related parties: | ​ | ​ | ​ | ​ | ​ | ​
Trade related: | ​ | ​ | ​ | ​ | ​ | ​
Kingsoft Group | ​ | 14,069 | ​ | 5,824 | ​ | 820
Xiaomi Group | ​ | 44,245 | ​ | 26,520 | ​ | 3,735
Other related parties | ​ | — | ​ | 7,055 | ​ | 994
​ | ​ | ​ |  | ​ |  | ​
Non-trade related: | ​ | ​ |  | ​ |  | ​
Kingsoft Group** | ​ | 29,284 |  | 529,284 |  | 74,548
Xiaomi Group** | ​ | 753,593 | ​ | 403,292 | ​ | 56,803
​ | ​ | 841,191 | ​ | 971,975 | ​ | 136,900
* | Amount as of December 31, 2023 included RMB51,778 (US$7,293) of prepayments to an equity method investee for electronic equipment.
**Amounts included related party loans as disclosed in Note 13.

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