XML 56 R33.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

ORGANIZATION AND BASIS OF PRESENTATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
ORGANIZATION AND BASIS OF PRESENTATION |
Schedule of Principal Subsidiaries Variable Interest Entities, and Subsidiaries | The Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Percentage of equity | ​ | ​
​ | ​ | Place of | ​ | Issued | ​ | Date of | ​ | interest | ​ | ​
​ | ​ | establishment | ​ | ordinary/registered | ​ | establishment/ | ​ | attributable to | ​ | ​
Name |  | and operations |  | share capital |  | acquisition |  | the Company |  | Principal activities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Direct (%) |  | Indirect (%) | ​ | ​
Subsidiaries: | ​ |  |  | ​ | ​ |  |  | ​ | ​ | ​ |  |
Kingsoft Cloud Corporation Limited | ​ | HK | ​ | HK$2 million | ​ | February 1, 2012 |  | 100 | ​ | — | ​ | Cloud services
Beijing Kingsoft Cloud Technology Co., Ltd. (“Beijing Kingsoft Cloud”) * | ​ | Mainland China | ​ | RMB910,000 | ​ | April 9, 2012 | ​ | — | ​ | 100 | ​ | Research and development
Beijing Yunxiang Zhisheng Technology Co., Ltd. (“Yunxiang Zhisheng”) * | ​ | Mainland China | ​ | RMB1,390,000 | ​ | December 15, 2015 |  | — | ​ | 100 | ​ | Research and development
Camelot Technology Co., Ltd. (“Camelot Technology”) ** | ​ | Mainland China | ​ | RMB250,000 | ​ | September 3, 2021 |  | — | ​ | 92.23 | ​ | Enterprise digital solutions and related services
Hainan Yangpu Kingsoft Cloud Information Technology Co., Ltd. ** | ​ | Mainland China | ​ | RMB2,844,252 | ​ | August 4, 2022 |  | — | ​ | 100 | ​ | Cloud services
Variable interest entities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Zhuhai Kingsoft Cloud Technology Co., Ltd. (“Zhuhai Kingsoft Cloud”) ** | ​ | Mainland China | ​ | RMB11,080 | ​ | November 9, 2012 |  | Nil | ​ | — | ​ | Investment holding
Kingsoft Cloud (Beijing) Information Technology Co., Ltd. (“Kingsoft Cloud Information”) ** | ​ | Mainland China | ​ | RMB10,000 | ​ | April 13, 2018 |  | Nil | ​ | — | ​ | Investment holding
Variable interest entities’ subsidiaries: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beijing Kingsoft Cloud Network Technology Co., Ltd. (“Beijing Kingsoft Cloud Network Technology”) ** | ​ | Mainland China | ​ | RMB200,000 | ​ | November 9, 2012 |  | — | ​ | Nil | ​ | Cloud services
Beijing Jinxun Ruibo Network Technology Co., Ltd. (“Beijing Jinxun Ruibo”) ** | ​ | Mainland China | ​ | RMB10,000 | ​ | December 17, 2015 |  | — | ​ | Nil | ​ | Cloud services
Nanjing Qianyi Shixun Information Technology Co., Ltd. ** | ​ | Mainland China | ​ | RMB15,000 | ​ | March 31, 2016 |  | — | ​ | Nil | ​ | Cloud services
Wuhan Kingsoft Cloud Information Technology Co., Ltd. ** | ​ | Mainland China | ​ | RMB100,000 | ​ | December 26, 2017 |  | — | ​ | Nil | ​ | Cloud services
Kingsoft Cloud (Tianjin) Technology Development Co., Ltd. ** | ​ | Mainland China | ​ | RMB100,000 | ​ | May 30, 2019 |  | — | ​ | Nil | ​ | Cloud services
Qingyang Kingsoft Cloud Data Information Technology Co., Ltd.** | ​ | Mainland China | ​ | RMB20,000 | ​ | March 9, 2021 | ​ | — | ​ | Nil | ​ | Cloud services
* | These companies are registered as wholly foreign-owned enterprises and limited liability enterprises under the law of mainland China.
** | These companies are registered as limited liability enterprises under the law of mainland China.
Schedule of Assets Liabilities Results of Variable Interest Entities | The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets, consolidated statements of comprehensive loss and consolidated statements of cash flows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As at December 31
​ | ​ | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | US$
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  | 1,231,226 |  | 900,262 | ​ | 126,799
Restricted cash |  | 107,840 |  | 89,981 | ​ | 12,674
Accounts receivable, net of allowance for credit losses of RMB32,413 and RMB20,606 (US$2,902) as of December 31, 2022 and 2023, respectively | ​ | 2,032,260 |  | 1,127,936 | ​ | 158,866
Prepayments and other assets |  | 927,040 |  | 1,067,695 | ​ | 150,382
Amounts due from related parties |  | 216,346 |  | 182,484 | ​ | 25,702
Amounts due from subsidiaries of the Group |  | 2,538,670 | ​ | 1,292,182 | ​ | 182,000
Total current assets |  | 7,053,382 |  | 4,660,540 | ​ | 656,423
Non-current assets: |  | ​ |  | ​ | ​ | ​
Property and equipment, net |  | 1,978,937 |  | 2,053,109 | ​ | 289,174
Intangible assets, net |  | 83,393 |  | 61,604 | ​ | 8,677
Prepayments and other assets |  | 20,257 |  | 870,630 | ​ | 122,626
Goodwill |  | 48,814 |  | 48,815 | ​ | 6,875
Equity investments |  | 179,697 |  | 166,114 | ​ | 23,397
Amounts due from related parties |  | 4,712 |  | 56,036 | ​ | 7,893
Operating lease right-of-use assets |  | 147,719 |  | 125,804 | ​ | 17,719
Total non-current assets |  | 2,463,529 |  | 3,382,112 | ​ | 476,361
Total assets |  | 9,516,911 |  | 8,042,652 | ​ | 1,132,784
Current liabilities: |  | ​ |  | ​ | ​ | ​
Accounts payable |  | 2,113,674 |  | 1,646,804 | ​ | 231,947
Accrued expenses and other liabilities |  | 644,858 |  | 1,003,831 | ​ | 141,387
Short-term bank loans |  | 885,500 |  | 1,110,896 | ​ | 156,466
Amounts due to related parties |  | 388,308 |  | 902,154 | ​ | 127,066
Current operating lease liabilities |  | 87,142 |  | 63,830 | ​ | 8,990
Amounts due to subsidiaries of the Group |  | 3,854,844 |  | 4,157,542 | ​ | 585,578
Total current liabilities |  | 7,974,326 |  | 8,885,057 | ​ | 1,251,434
Non-current liabilities: |  | ​ |  | ​ | ​ | ​
Long-term bank loan |  | — |  | 100,000 | ​ | 14,085
Other liabilities |  | 284,971 |  | 415,367 | ​ | 58,503
Non-current operating lease liabilities |  | 90,138 |  | 64,466 | ​ | 9,080
Amounts due to related parties |  | 413,464 |  | 40,069 | ​ | 5,644
Amounts due to subsidiaries of the Group |  | 7,206,545 |  | 7,023,253 | ​ | 989,204
Total non-current liabilities |  | 7,995,118 |  | 7,643,155 | ​ | 1,076,516
Total liabilities |  | 15,969,444 |  | 16,528,212 | ​ | 2,327,950
Schedule of Operations and Cash Flows Results of Variable Interest Entities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31
​ |  | 2021 |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Revenues |  | 7,972,143 |  | 5,571,837 |  | 4,599,721 |  | 647,857
Net loss |  | (1,556,904) |  | (2,211,057) |  | (2,110,022) |  | (297,190)
Net cash used in operating activities | ​ | (958,748) |  | (144,977) |  | (286,575) |  | (40,363)
Net cash used in investing activities |  | (843,586) |  | (1,167,374) |  | (1,833,636) |  | (258,262)
Net cash generated from financing activities |  | 2,612,563 |  | 567,592 |  | 1,809,799 |  | 254,905

X
- Definition Disclosure details of principal subsidiaries and variable interest entities. + References No definition available. + Details
Name: | kc_DisclosureDetailsOfPrincipalSubsidiariesAndVariableInterestEntitiesTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of assets liabilities results of variable interest entities. + References No definition available. + Details
Name: | kc_ScheduleOfAssetsLiabilitiesResultsOfVariableInterestEntitiesTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of operations and cash flows results of variable interest entities. + References No definition available. + Details
Name: | kc_ScheduleOfOperationsAndCashFlowsResultsOfVariableInterestEntitiesTableTextBlock
Namespace Prefix: | kc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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