Kingsoft has invested $100m in its cloud services spinoff, a month after contributing to its $300m series D round.
Kingsoft Cloud, the cloud services provider spun out of China-based office software provider Kingsoft, has received $200m in funding from FutureX Capital and its parent company, Reuters reported today.
Each investor has subscribed to 115 million series D preferred shares, indicating the capital will be added to the $300m in series D funding Kingsoft Cloud raised from Kingsoft, Liyue Investment and China Minsheng last month.
Kingsoft Cloud provides cloud storage services for enterprise clients through data centres established in…
