Parent company Kingsoft invested $150m to retain a majority stake in its cloud services spinout, which has now raised about $500m in total.
Kingsoft Cloud, a China-based cloud storage services provider spun out from office software producer Kingsoft, has raised $300m in a series D round that included its parent company, China Money Network reported today.
Kingsoft provided $150m of the funding while private equity firm Liyue Investment invested $100m and investment group China Minsheng supplied $50m, according to a securities filing.
Founded in 2012, Kingsoft Cloud provides data storage services in China and North America, operating data centres and supplying network infrastructure…
