Key Takeaway:
- Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets
- The company’s stock has lost more than 95% of its value from its peak, hit by a regulatory crackdown at home and piling losses despite revenue growth
