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Real-time News
On April 16, Kingsoft Cloud (KC.O) announced that it will publicly issue 18,500,000 American Depositary Shares (ADS), with each ADS representing 15 common shares of the company. Kingsoft Cloud granted the ADS underwriters a 30-day option to purchase additional American Depositary Shares. This financing has been supported by strategic shareholders. In addition to the above-mentioned number of shares issued, Kingsoft Software Group will subscribe for an additional 20% of the overall issuance size (public issuance portion + Kingsoft Software Group subscription portion). The announcement shows that Kingsoft Cloud plans to use the proceeds from this ADS issuance to invest in upgrading and expanding infrastructure, investing in technology and product development, and general corporate and working capital purposes.On April 16, the Equipment Industry Department of the Ministry of Industry and Information Technology organized a meeting to promote the product access and online software upgrade management of intelligent connected vehicles. Nearly 60 representatives from the Ministrys Equipment Industry Development Center and major automobile manufacturers attended the meeting. The meeting focused on the requirements for product access and online software upgrade filing in the "Notice on Further Strengthening the Management of Product Access, Recall and Online Software Upgrade of Intelligent Connected Vehicles" issued by the Ministry of Industry and Information Technology and the State Administration for Market Regulation, and listened to the implementation and suggestions of automobile manufacturers. The Ministrys Equipment Industry Development Center introduced the key issues of concern for the product access and online software upgrade management of intelligent connected vehicles. The meeting emphasized that automobile manufacturers should deeply understand the requirements of the "Notice", fully carry out combined driving assistance testing and verification, clarify the system function boundaries and safety response measures, and shall not make exaggerations and false propaganda, strictly fulfill the obligation to inform, and earnestly assume the main responsibility for production consistency and quality safety, and effectively improve the safety level of intelligent connected vehicle products.The MBA mortgage refinancing activity index in the United States for the week ending April 11 was 841.9, compared with 961.4 in the previous week.The U.S. MBA 30-year fixed mortgage rate was 6.81% in the week ending April 11, compared with 6.61% in the previous week.The U.S. MBA mortgage application activity index for the week ending April 11 was 267.5, compared with 292.3 in the previous week.
