Kingsoft Cloud and CEC D-Commerce Tech Form Strategic Partnership to Drive Healthcare Cloud Development in China
BEIJING, Sept. 21, 2020 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced that the Company has recently entered into a multi-year strategic framework agreement (the “Agreement”) with CEC D-Commerce Technology (Shanghai) Co., Ltd. (“CEC D-Commerce Tech”), to invest in and expand healthcare cloud services, re-engineering the data services layer, and improving the analytical capabilities of healthcare organizations across China.
Pursuant to the Agreement, both companies will jointly develop cloud-based healthcare solutions, and provide healthcare organizations with powerful data analysis and application tools which can significantly reduce on-premise IT construction, operation and maintenance costs for hospitals and healthcare agencies across China. Both parties will execute cloud projects at the national, provincial and municipal levels. Flagship projects will first be implemented within a number of regions, and then be gradually expanded to provinces and cities across