Kingsoft CEO Wang Yulin said that the financing shows that the capital market's continued recognition of Jinshan Cloud will provide sufficient momentum for the sustained and rapid development of Jinshan Cloud. Meanwhile, Jinshan Cloud also announced a full price cut for mainstream products. Among them, CDN and Redis prices in the cloud database hit the lowest level in the industry, with the largest decrease of 50% and 60% respectively.cloud serviceThe biggest decline in the price of more than 30% of the product; target storage products KS3 flow prices drop in the end, storage prices dropped another 10%.
At present, the main business of Jinshan Cloud is concentrated in the field of Internet such as games. It is said that in the future, vertical industries such as government affairs, manufacturing, finance and healthcare will be laid out. Jinshan Yun said revenue in the next three years strive to more than 10 billion yuan, accounting for 30% of China's public cloud IaaS market share.
According to the announcement of Jinshan Group, the Jinshan Cloud raised a total of 355.5 million D Series preferred shares. Li Yue investors and Minsheng investors as lead investors, respectively, for 50 million US dollars, 100 million US dollars to subscribe for 58,922,728 shares, 117,845,456 Series D preferred shares. Upon completion of the financing, on the basis of complete explanation, Jinshan Software, Minsheng Investors and Li Yue Investors held 51.93%, 5.26% and 2.63% of Jinshan Cloud respectively.
Jinshan Yun said after the financing will focus on the field of artificial intelligence, the layout of a number of vertical industries, while consolidating and expanding in the field of video, games and other Internet dominance, and the layout of government, manufacturing, finance, medical and more vertical industries . Hope that in the next three years, Jinshan cloud revenue more than 10 billion yuan, accounting for 30% of China's public cloud taas market share.