Hong Kong Stock Volatility | Kingsoft Cloud (03896) Surges Over 18% in Afternoon Session as Token Demand Rapidly Increases, Cloud Vendors Collectively Announce Price Hikes

LootboxPhobia · 2026-03-18T09:40:30+00:00

Kingsoft Cloud's stock price surged by over 18% in afternoon trading, benefiting from surging global AI demand and cloud service price adjustments. Alibaba Cloud announced price increases of up to 34% for its AI products, while Tencent Cloud implemented larger price hikes. Industry competition is expected to improve, and Kingsoft Cloud is anticipated to continue benefiting from this trend.

LootboxPhobia

2026-03-18 09:40:30

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iFinD Finance APP reports that Kingsoft Cloud (03896) surged over 18% in the afternoon. As of the time of writing, it increased by 16.69%, trading at HKD 7.9, with a turnover of HKD 1.705 billion.

On the news front, Alibaba Cloud announced today that due to the explosive global demand for AI and rising supply chain costs, prices for AI computing power, storage, and other products have increased by up to 34%. It is also reported that major cloud providers like Tencent Cloud, Alibaba Cloud, and Huawei Cloud are experiencing a shortage of computing power, with Tencent tokens prices rising by as much as 400%.

Everbright Securities previously pointed out that the strong global demand for AI computing power is reshaping the cloud service industry. With AWS breaking the norm by raising prices first, the vicious price competition in the industry is expected to end, leading to a double recovery in profit centers and valuation systems. As a core cloud platform within the Xiaomi ecosystem, Kingsoft Cloud’s AI business is expected to maintain rapid growth and directly benefit from the industry’s recovery and its own accelerated growth.

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