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In the afternoon trading session, Kingsoft Cloud's share price witnessed a remarkable surge, at one point climbing close to 8%, pushing its market value to HK$26.6 billion. This impressive rally was fueled by favorable policy developments, as the Ministry of Industry and Information Technology unveiled the "Action Plan for Interconnection and Interoperability of Computing Power," and the National Energy Administration introduced the "Green Electricity Aggregation Supply" model aimed at reducing electricity costs and fostering the growth of the computing power industry. Furthermore, Kingsoft Cloud's successful integration with Xiaomi's MiMo and Qwen3 series models has significantly bolstered its technical prowess in areas like natural language processing, thereby further solidifying its competitive stance in the AI services market.
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