- Kingsoft Cloud is an internet cloud service provider in China, with a market share of approximately 5.4%.
- The cloud market globally, and especially in China, is fast-growing and I argue KC is well poised to benefit from the tailwind.
- In 2018, China became the second largest cloud market globally in terms of revenue, only second to the United States.
- From its all-time high in February 2021, the stock has sold off more than 88.8%.
- I bet on a target price of $27 till 2025, implying a CAGR of 50.1%.
For further details see:
Kingsoft Cloud: Poised To Benefit From A Favorable Market Tailwind