Kingsoft Cloud Storage, a subsidiary of Kingsoft Group, rolled out a cloud service platform together with five core products of compute cloud, cloud storage, load balancing, cloud hard disk and database (report in Chinese).
Wang Yulin, president of the company, disclosed that more than ten enterprises have settled on the platform, including subsidiaries of Kingsoft Group, Xiaomi, and Vancl.
Wang thinks that domestic cloud service market is big enough to accommodate several companies and Kingsoft enjoys advantages in security, gaming and smart devices.
Kingsoft Cloud’s other services include a cloud storage platform and Kingsoft Kuaipan. After securing $20 million of Series A financing led by Russian investor Yuri Milner in this August, Kingsoft Kuaipan started to offer 100G free storage service to users, which was previously charged for 229 yuan ($37.12) per year, to beat back the battle waged by rivals, including Baidu and Qihoo 360.
According to Wang, Kingsoft’s cloud storage platform booked tens of millions yuan of revenue since its release, while Kuaipan have more than 100 million individual users and tens of millions of daily active users.
Wang also disclosed that Kingsoft is in close cooperation with Xiaomi in development of the imminent Xiaomi router. The latter acquired a 9.87% stake in Kingsoft in 2012.