Kingsoft Cloud (KC, Financial) experienced significant gains, with shares rising over 6% in pre-market trading following a more than 20% increase previously. The company's Hong Kong-listed shares (03896) also saw an impressive surge, climbing over 9%, contributing to a five-day cumulative rise of approximately 70%.
The surge in Kingsoft Cloud's stock price is attributed to the remarkable performance of DeepSeek's recently released DeepSeek-R1 open-source model, which has stirred the market. Additionally, reports have surfaced that Xiaomi has recruited a key developer from DeepSeek, Luo Fuli, with a substantial salary package. Luo Fuli is set to become one of the leaders in Xiaomi's large model team, leveraging her experience in developing DeepSeek-V2 to enhance and optimize Xiaomi's AI large model's efficiency and user experience.
