0001193125-22-135476 | 20-F | XBRL Viewer | Kingsoft Cloud Holdings LTD

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Cover Page	12 Months Ended
Cover Page	Dec. 31, 2021 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Registrant Name	Kingsoft Cloud Holdings Ltd
Entity Central Index Key	0001795589
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	3,646,381,840
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
Entity File Number	001-39278
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Building E, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road
Entity Address, Address Line Two	Haidian District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100085
Entity Address, Country	CN
ICFR Auditor Attestation Flag	true
Auditor Name	Ernst & Young Hua Ming LLP
Auditor Firm ID	1408
Auditor Location	Beijing, the People’s Republic of China
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Haijian He
Entity Address, Address Line One	Building E, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road
Entity Address, Address Line Two	Haidian District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100085
Entity Address, Country	CN
City Area Code	86
Extension	10
Local Phone Number	6292 7777
American Depositary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	American depositary shares, each ADS represents 15 ordinary shares, par value US$0.001 per share
Trading Symbol	KC
Security Exchange Name	NASDAQ
Ordinary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value US$0.001 per share
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Current assets:
Cash and cash equivalents	$ 661,822	¥ 4,217,528	¥ 3,424,674
Restricted cash	37,519	239,093	0
Accounts receivable, net of allowance for credit losses of RMB15,770 and RMB32,265 (US$5,063) as of December 31, 2020 and 2021, respectively	560,364	3,570,975	2,334,871
Short-term investments	390,901	2,491,056	2,693,019
Prepayments and other assets	264,730	1,687,021	887,086
Amounts due from related parties	32,505	207,143	205,068
Total current assets	1,947,841	12,412,816	9,544,718
Non-current assets:
Property and equipment, net	370,979	2,364,103	1,956,790
Intangible assets, net	183,562	1,169,767	16,573
Goodwill	725,781	4,625,115	0
Prepayments and other assets	4,561	29,066	11,824
Equity investments	32,509	207,166	126,583
Amounts due from related parties	904	5,758	5,758
Deferred tax assets	1,224	7,798	0
Operating lease right-of-use assets	40,243	256,451	266,968
Total non-current assets	1,359,763	8,665,224	2,384,496
Total assets	3,307,604	21,078,040	11,929,214
Current liabilities:
Accounts payable (including accounts payable of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB2,013,428 and RMB2,733,487 (US$428,944) as of December 31, 2020 and 2021, respectively)	461,135	2,938,632	2,057,355
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB521,307 and RMB1,208,868 (US$189,698) as of December 31, 2020 and 2021, respectively)	348,969	2,223,840	845,374
Short-term bank loans (including short-term bank loans of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB278,488 and RMB1,348,166 (US$211,557) as of December 31, 2020 and 2021, respectively)	211,557	1,348,166	278,488
Long-term bank loan, current portion (including long-term bank loan, current portion of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB74,351 and RMB nil (US$ nil) as of December 31, 2020 and 2021, respectively)	0	0	74,351
Income tax payable (including income tax payable of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB45 and RMB1,026 (US$161) as of December 31, 2020 and 2021, respectively)	9,449	60,217	20,564
Amounts due to related parties (including amounts due to related parties of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB56,795 and RMB797,731 (US$125,181) as of December 31, 2020 and 2021, respectively)	131,255	836,435	112,998
Current operating lease liabilities (including current operating lease liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB56,261 and RMB70,672 (US$11,090) as of December 31, 2020 and 2021, respectively)	17,040	108,590	76,469
Total current liabilities	1,179,405	7,515,880	3,465,599
Non-current liabilities:
Amounts due to related parties (including amounts due to related parties of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB nil and RMB472,882 (US$74,206) as of December 31, 2020 and 2021, respectively)	74,206	472,882	0
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB29 and RMB nil (US$ nil) as of December 31, 2020 and 2021, respectively)	32,308	205,889	29
Other liabilities (including other liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB7,020 and RMB6,975 (US$1,095) as of December 31, 2020 and 2021, respectively)	193,434	1,232,677	40,578
Non-current operating lease liabilities (including non-current operating lease liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB146,012 and RMB121,057 (US$18,996) as of December 31, 2020 and 2021, respectively)	24,839	158,289	182,958
Total non-current liabilities	324,787	2,069,737	223,565
Total liabilities	1,504,192	9,585,617	3,689,164
Commitments and contingencies
Shareholders' equity:
Ordinary shares (par value of US$0.001 per share; 4,000,000,000 and 40,000,000,000 shares authorized, 3,546,124,955 and 3,805,284,810 shares issued, 3,339,618,633 and 3,646,477,840 shares outstanding as of December 31, 2020 and 2021, respectively)	3,889	24,782	22,801
Additional paid-in capital	2,863,164	18,245,801	14,149,984
Accumulated deficit	(1,170,441)	(7,458,752)	(5,864,356)
Accumulated other comprehensive loss	(32,621)	(207,882)	(68,440)
Total Kingsoft Cloud Holdings Limited shareholders' equity	1,663,991	10,603,949	8,239,989
Non-controlling interests	139,421	888,474	61
Total equity	1,803,412	11,492,423	8,240,050
Total liabilities, non-controlling interests and shareholders' equity	$ 3,307,604	¥ 21,078,040	¥ 11,929,214

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥) shares
Accounts receivable, net	$ 5,063	¥ 32,265	¥ 15,770
Accounts payable	1,179,405	7,515,880	3,465,599
Accrued expenses and other current liabilities	348,969	2,223,840	845,374
Short-term bank loans	211,557	1,348,166	278,488
Long-term bank loan, current portion	0	0	74,351
Income tax payable	9,449	60,217	20,564
Amounts due to related parties	131,255	836,435	112,998
Current operating lease liabilities	$ 17,040	¥ 108,590	¥ 76,469
Common Stock, Par or Stated Value Per Share \| $ / shares	$ 0.001
Common stock shares authorised	40,000,000,000	40,000,000,000	4,000,000,000
Common Stock, Shares, Issued	3,805,284,810	3,805,284,810	3,546,124,955
Common Stock, Shares, Outstanding	3,646,381,840	3,646,381,840	3,339,618,633
Amounts due to related parties	$ 74,206	¥ 472,882	¥ 0
Deferred tax liabilities	32,308	205,889	29
Other liabilities	193,434	1,232,677	40,578
Non-current operating lease liabilities	24,839	158,289	182,958
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Accounts payable	428,944	2,733,487	2,013,428
Accrued expenses and other current liabilities	189,698	1,208,868	521,307
Short-term bank loans	211,557	1,348,166	278,488
Long-term bank loan, current portion	0	0	74,351
Income tax payable	161	1,026	45
Amounts due to related parties	125,181	797,731	56,795
Current operating lease liabilities	11,090	70,672	56,261
Amounts due to related parties	74,206	472,882	0
Deferred tax liabilities	0	0	29
Other liabilities	1,095	6,975	7,020
Non-current operating lease liabilities	$ 18,996	¥ 121,057	¥ 146,012

Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares
Revenues:
Revenues	$ 1,421,835	¥ 9,060,784	¥ 6,577,307	¥ 3,956,353
Cost of revenues (including related party amounts of RMB660, RMB988 and RMB2,194 (US$344) for the years ended December 31, 2019, 2020 and 2021, respectively)	(1,366,710)	(8,709,496)	(6,220,324)	(3,948,644)
Gross profit	55,125	351,288	356,983	7,709
Operating expenses:
Selling and marketing expenses	(81,312)	(518,167)	(409,211)	(317,426)
General and administrative expenses	(94,420)	(601,702)	(379,892)	(238,648)
Research and development expenses	(163,797)	(1,043,811)	(775,130)	(595,169)
Total operating expenses	(339,529)	(2,163,680)	(1,564,233)	(1,151,243)
Operating loss	(284,404)	(1,812,392)	(1,207,250)	(1,143,534)
Interest income	11,289	71,942	77,118	78,612
Interest expense	(8,166)	(52,040)	(9,453)	(4,925)
Foreign exchange (loss) gain	5,935	37,822	188,800	(38,961)
Other gain, net	13,120	83,606	14,301
Other income (expense), net	14,915	95,047	(10,810)	6,612
Loss before income taxes	(247,311)	(1,576,015)	(947,294)	(1,102,196)
Income tax expense	(2,470)	(15,741)	(14,904)	(9,003)
Net loss	(249,781)	(1,591,756)	(962,198)	(1,111,199)
Less: net income (loss) attributable to non-controlling interests	(478)	(3,044)	61
Net loss attributable to Kingsoft Cloud Holdings Limited	(249,303)	(1,588,712)	(962,259)	(1,111,199)
Accretion to redemption value of redeemable convertible preferred shares	0	0	(19,768)	(49,725)
Net loss attributable to ordinary shareholders	$ (249,303)	¥ (1,588,712)	¥ (982,027)	¥ (1,160,924)
Net loss per share:
Basic and diluted \| (per share)	$ (0.07)	¥ (0.46)	¥ (0.41)	¥ (1.31)
Shares used in the net loss per share computation:
Basic and diluted	3,441,729,444	3,441,729,444	2,400,874,197	889,521,200
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments	$ (21,902)	¥ (139,575)	¥ (552,788)	¥ 64,598
Comprehensive loss	(271,683)	(1,731,331)	(1,514,986)	(1,046,601)
Less: Comprehensive income (loss) attributable to non-controlling interests	(499)	(3,177)	61
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders	(271,184)	(1,728,154)	(1,515,047)	(1,046,601)
Accretion to redemption value of redeemable convertible preferred shares	0	0	(19,768)	(49,725)
Comprehensive loss attributable to ordinary shareholders	(271,184)	(1,728,154)	(1,534,815)	(1,096,326)
Public cloud service [Member]
Revenues:
Revenues	966,495	6,159,085	5,166,851	3,458,843
Enterprise Cloud Services [Member]
Revenues:
Revenues	454,731	2,897,817	1,372,689	486,308
Others [Member]
Revenues:
Revenues	$ 609	¥ 3,882	¥ 37,767	¥ 11,202

Consolidated Statements of Comprehensive Loss (Parenthetical) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Revenue from Related Parties	$ 145,863	¥ 929,524	¥ 777,369	¥ 688,307
Cost from Related Parties	154	980	988	660
Public cloud services [Member]
Revenue from Related Parties	142,133	905,755	777,287	688,187
Others [Member]
Revenue from Related Parties	12	74	82	120
Enterprise Cloud Services [Member]
Revenue from Related Parties	$ 3,718	¥ 23,695	¥ 0	¥ 0

- Definition

Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.

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Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

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+ Details

Consolidated Statements of Changes in Shareholders' (Deficit) Equity ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)	IPO [Member] CNY (¥)	Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member] CNY (¥)	Follow on offering [Member] CNY (¥)	Preferred Stock [Member] CNY (¥) shares	Common Stock [Member] USD ($) shares	Common Stock [Member] CNY (¥) shares	Common Stock [Member] IPO [Member] CNY (¥) shares	Common Stock [Member] Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member] CNY (¥) shares	Common Stock [Member] Follow on offering [Member] CNY (¥) shares	Additional Paid-in Capital [Member] USD ($)	Additional Paid-in Capital [Member] CNY (¥)	Additional Paid-in Capital [Member] IPO [Member] CNY (¥)	Additional Paid-in Capital [Member] Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member] CNY (¥)	Additional Paid-in Capital [Member] Follow on offering [Member] CNY (¥)	AOCI Attributable to Parent [Member] USD ($)	AOCI Attributable to Parent [Member] CNY (¥)	Retained Earnings [Member] USD ($)	Retained Earnings [Member] CNY (¥)	Total Kingsoft Cloud Holdings Limited shareholdersdeficit equity [Member] USD ($)	Total Kingsoft Cloud Holdings Limited shareholdersdeficit equity [Member] CNY (¥)	Total Kingsoft Cloud Holdings Limited shareholdersdeficit equity [Member] IPO [Member] CNY (¥)	Total Kingsoft Cloud Holdings Limited shareholdersdeficit equity [Member] Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member] CNY (¥)	Total Kingsoft Cloud Holdings Limited shareholdersdeficit equity [Member] Follow on offering [Member] CNY (¥)	Non-Controlling Interests USD ($)	Non-Controlling Interests CNY (¥)	Series A Convertible Preferred Shares [Member] Preferred Stock [Member] CNY (¥) shares
Balance (In shares) at Dec. 31, 2018 \| shares							793,430,000	793,430,000																				458,116,000
Balance at Dec. 31, 2018		¥ (3,243,111)						¥ 4,851										¥ 419,750		¥ (3,790,898)								¥ 123,186
Net (loss) profit for the year		(1,111,199)																		(1,111,199)
Accretion to redemption value of redeemable convertible preferred shares		(49,725)											¥ (49,725)
Other comprehensive income (loss)		64,598																64,598
Share-based compensation (Note 16)		121,279											121,279
Exercise and vesting of share-based awards (Note 16) (In shares) \| shares							101,281,200	101,281,200
Exercise and vesting of share-based awards (Note 16)		20,899						¥ 707					20,192
Balance (In shares) at Dec. 31, 2019 \| shares						458,116,000	894,711,200	894,711,200																				458,116,000
Balance at Dec. 31, 2019		(4,197,259)				¥ 123,186		¥ 5,558					91,746					484,348		(4,902,097)		¥ (4,197,259)						¥ 123,186
Net (loss) profit for the year		(962,198)																		(962,259)		(962,259)					¥ 61
Accretion to redemption value of redeemable convertible preferred shares		(19,768)											(19,768)									(19,768)
Repurchase of ordinary shares (In shares) \| shares							(5,475,254)	(5,475,254)
Repurchase of ordinary shares		(26,700)						¥ (38)					(26,662)									(26,700)
Issuance of ordinary shares (In shares) \| shares									517,500,000		138,750,000
Issuance of ordinary shares			¥ 3,875,394		¥ 1,881,233				¥ 3,663		¥ 945			¥ 3,871,731		¥ 1,880,288							¥ 3,875,394		¥ 1,881,233
Conversion of Series A, Series B convertible preferred shares and Series C, Series D and Series D+ redeemable convertible preferred shares into ordinary shares (In shares) \| shares						(458,116,000)	458,116,000	458,116,000		1,259,133,571
Conversion of Series A, Series B convertible preferred shares and Series C, Series D and Series D+ redeemable convertible preferred shares into ordinary shares				¥ 7,889,115		¥ (123,186)		¥ 3,243		¥ 8,913			119,943		¥ 7,880,202									¥ 7,889,115
Other comprehensive income (loss)		(552,788)																(552,788)				(552,788)
Share-based compensation (Note 16)		330,114											330,114									330,114
Exercise and vesting of share-based awards (Note 16) (In shares) \| shares							76,883,116	76,883,116
Exercise and vesting of share-based awards (Note 16)		22,907						¥ 517					22,390									22,907
Balance (In shares) at Dec. 31, 2020 \| shares							3,339,618,633	3,339,618,633
Balance at Dec. 31, 2020		8,240,050						¥ 22,801					14,149,984					(68,440)		(5,864,356)		8,239,989					61
Adoption of ASC 326		(5,684)																		(5,684)		(5,684)
Net (loss) profit for the year	$ (249,781)	(1,591,756)																		(1,588,712)		(1,588,712)					(3,044)
Accretion to redemption value of redeemable convertible preferred shares	0	0
Business acquisition, Shares \| shares							247,475,446	247,475,446
Business acquisition		4,508,673						¥ 1,598					3,615,485									3,617,083					891,590
Other comprehensive income (loss)		(139,575)																(139,442)				(139,442)					(133)
Share-based compensation (Note 16)		434,350											434,350									434,350
Exercise and vesting of share-based awards (Note 16) (In shares) \| shares							59,287,761	59,287,761
Exercise and vesting of share-based awards (Note 16)		46,365						¥ 383					45,982									46,365
Balance (In shares) at Dec. 31, 2021 \| shares							3,646,381,840	3,646,381,840
Balance at Dec. 31, 2021	$ 1,803,412	¥ 11,492,423					$ 3,889	¥ 24,782				$ 2,863,164	¥ 18,245,801				$ (32,621)	¥ (207,882)	$ (1,170,441)	¥ (7,458,752)	$ 1,663,991	¥ 10,603,949				$ 139,421	¥ 888,474

Consolidated Statements of Changes in Shareholders' (Deficit) Equity (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Stock Issued During Period, Shares, Issued for Services	158,902,970	206,506,322	182,375,104

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (249,781)	¥ (1,591,756)	¥ (962,198)	¥ (1,111,199)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	134,263	855,604	758,038	604,581
Share-based compensation	68,159	434,350	330,114	121,279
Provision for credit losses	17,577	112,013	31,881	20,645
Gain on disposal of property and equipment	(912)	(5,814)	(2,242)	(74)
Changes in fair value of equity investments	(12,945)	(82,492)	(14,301)
Gain on disposal of equity investments	(1,626)	(10,363)
Changes in fair value of purchase consideration of a business acquisition	1,451	9,249
Changes in fair value of contingent consideration of a business acquisition	(1,104)	(7,034)
Issuance costs expensed for follow-on offering			3,727
Foreign exchange loss (gain)	(5,935)	(37,822)	(188,800)	38,961
Deferred income tax	(1,860)	(11,852)	(177)	(177)
Non-cash operating lease expense	8,262	52,648	52,890
Changes in operating assets and liabilities:
Accounts receivable	(148,727)	(947,790)	(1,024,113)	(823,033)
Prepayments and other assets	4,846	30,883	(356,761)	(5,883)
Amounts due from related parties	(326)	(2,075)	(75,315)	84,981
Accounts payable	93,119	593,410	804,198	533,771
Accrued expenses and other liabilities	(14,283)	(91,018)	381,001	103,276
Operating lease liabilities	(4,989)	(31,791)	(45,748)
Amounts due to related parties	324	2,064	8,739	(11,163)
Income tax payable	3,251	20,717	8,457	4,726
Net cash used in operating activities	(111,236)	(708,869)	(290,433)	(439,132)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(113,500)	(723,285)	(1,559,946)	(999,538)
Disposal of property and equipment	1,305	8,319	1,363
Purchases of intangible assets	(1,900)	(12,106)	(16,865)	(115)
Purchases of short-term investments	(403,026)	(2,568,325)	(5,607,690)	(1,111,968)
Proceeds from maturities of short-term investments	426,857	2,720,186	2,891,597	3,107,623
Purchases of land use rights			(14,832)
Acquisition of equity investments	(8,237)	(52,493)	(14,650)	(94,376)
Disposal of equity investments	9,961	63,476
Acquisition of business, net of cash acquired	21,867	139,350
Asset-related government grants received	511	3,255	7,020	5,000
Loans to senior executives				(23,379)
Net cash (used in) generated from investing activities	(66,162)	(421,623)	(4,314,003)	883,247
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of long-term bank loan	(11,667)	(74,351)	(100,000)	(80,787)
Repayment of short-term bank loans	(77,944)	(496,707)
Proceeds from short-term bank loans	241,685	1,540,166	278,487
Proceeds from IPO, net of offering costs			3,933,393
Proceeds from follow-on offering, net of offering costs			1,876,316
Proceeds from loans due to related parties	187,122	1,192,455
Repayment of loan due to a related party				(225,000)
Proceeds from exercise of options	7,991	50,924	11,227	20,899
Proceeds from redeemable convertible preferred shares, net of issuance costs			124,730	349,395
Net cash generated from financing activities	347,187	2,212,487	6,124,153	64,507
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(7,854)	(50,048)	(118,306)	7,570
Net increase in cash, cash equivalents, and restricted cash	169,789	1,081,995	1,519,717	508,622
Cash, cash equivalents, and restricted cash at beginning of year	537,406	3,424,674	2,023,263	1,507,071
Cash, cash equivalents, and restricted cash at end of year	699,341	4,456,621	3,424,674	2,023,263
Supplemental disclosures of cash flow information:
Restricted cash	37,519	239,093
Income taxes paid	1,079	6,874	6,270	4,277
Interest expense paid	7,194	45,844	9,206	24,143
Cash payments for operating leases	5,526	35,214	60,273
Non-cash investing and financing activities:
Purchases of property and equipment included in accrued expenses and other liabilities	119,165	759,391	181,038	609,363
Acquisitions of equity investments included in accrued expenses and other liabilities				15,500
Settlement of senior executive loans by repurchase of ordinary shares			26,700
Right-of-use assets obtained in exchange for operating lease liabilities	1,085	6,915	¥ 195,890
Purchase consideration included in accrued expenses and other liabilities	208,472	1,328,508
Series D+ redeemable convertible preferred shares issuance costs included in accrued expenses and other liabilities				¥ 10,276
Non-cash acquisition of business	$ 567,599	¥ 3,617,083

Organization and Basis of Presentation

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

1.	ORGANIZATION AND BASIS OF PRESENTATION

Kingsoft Cloud Holdings Limited (the “Company”) is a limited liability company incorporated in the Cayman Islands on January 3, 2012. The Company, its subsidiaries, its variable interest entities, and subsidiaries of its variable interest entities are hereinafter collectively referred to as the “Group”. The Group is principally engaged in the provision of cloud services. The Company does not conduct any substantive operations on its own but instead conducts its primary business operations through its subsidiaries, the variable interest entities, and subsidiaries of its variable interest entities, which are located in the People’s Republic of China (the “PRC”), Hong Kong (“HK”) and the United States (the “U.S.”).

As disclosed in Note 19, the Company completed its IPO and

follow-on

offering in May and September 2020, respectively.

As of December 31, 2021, the Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:

Name

Place of

establishment

Date of

establishment/

acquisition

Percentage of

equity

interest

attributable

to the

Company

Principal activities

Subsidiaries:

Kingsoft Cloud Corporation Limited

February 1, 2012

100

Cloud services

Kingsoft Cloud

(Tianjin) Technology Development
Co., Ltd

PRC

May 30, 2019

100

Cloud services

Wuhan Kingsoft Cloud Information Technology
Co., Ltd.

PRC

December 26, 2017

100

Cloud services

Beijing Kingsoft Cloud Technology Co., Ltd.
(“Beijing Kingsoft Cloud”)*

PRC

April 9, 2012

100

Research and development

Beijing Yunxiang Zhisheng Technology Co., Ltd.
(“Yunxiang Zhisheng”)*

PRC

December 15, 2015

100

Research and development

Camelot Technology

., L

(“Beijing
Camelot”)

PRC

September 3, 2021

82.15

Enterprise digital solutions and related services 

Variable interest entities:

Zhuhai Kingsoft Cloud Technology Co., Ltd.
(“Zhuhai Kingsoft Cloud”)

PRC

November 9, 2012

Nil

Investment holding

Kingsoft Cloud (Beijing) Information Technology
Co., Ltd. (“Kingsoft Cloud Information”)

PRC

April 13, 2018

Nil

Investment holding

Variable interest entities’ subsidiaries:

Beijing Kingsoft Cloud Network Technology Co.,
Ltd. (“Beijing Kingsoft Cloud Network
Technology”)

PRC

November 9, 2012

Nil

Cloud services

Beijing Jinxun Ruibo Network Technology Co.,
Ltd. (“Beijing Jinxun Ruibo”)

PRC

December 17, 2015

Nil

Cloud services

Nanjing Qianyi Shixun Information Technology
Co., Ltd.

PRC

March 31, 2016

Nil

Cloud services

*	Collectively , the “WFOE”

In September 2021, the Company acquired 100% equity interests in Camelot Employee

cheme Inc. (“CES”), which owns 82.15% equity interest

in Beijing Camelot and its subsidiaries (collectively referred to as “Camelot”) (Note 4).

To comply with PRC laws and regulations which prohibit foreign control of companies that engage in value-added telecommunication services, the Group primarily conducts its business in the PRC through its variable interest entities, Zhuhai Kingsoft Cloud and Kingsoft Cloud Information, and subsidiaries of its variable interest entities (collectively, the “VIEs”). The equity interests of the VIEs are legally held by PRC shareholders (the “Nominee Shareholders”). Despite the lack of technical majority ownership, the Company through WFOE has effective control of the VIEs through a series of contractual arrangements (the “Contractual Agreements”) and a parent-subsidiary relationship exists between the Company and the VIEs. Through the Contractual Agreements, the Nominee Shareholders effectively assigned all of their voting rights underlying their equity interests in the VIEs to the Company and therefore, the Company has the power to direct the activities of the VIEs that most significantly impact its economic performance. The Company also has the ability and obligation to absorb substantially all of the profits and all the expected losses of the VIEs that potentially could be significant to the VIEs. The WFOE was the primary beneficiary of the VIEs through December 2019 and the Company has replaced the WFOE as the primary beneficiary of the VIEs since December 2019. Based on the above, the Company consolidates the VIEs in accordance with SEC Regulation

SX-3A-02

and Accounting Standards Codification (“ASC”) 810,

Consolidation

(“ASC 810”).

The following is a summary of the Contractual Agreements:

Shareholder Voting Right Trust Agreements

Pursuant to the shareholder voting right trust agreements signed amongst Beijing Kingsoft Cloud, Zhuhai Kingsoft Cloud and its Nominee Shareholders, each Nominee Shareholder irrevocably authorizes the person designated by Beijing Kingsoft Cloud to act as his, her or its

attorney-in-fact

(“AIF”) to exercise on such Nominee Shareholder’s behalf any and all rights that such shareholder has in respect of his, her or its equity interests in Zhuhai Kingsoft Cloud. Beijing Kingsoft Cloud has the right to replace the authorized AIF at any time upon written notice without consent from the other parties. The rights as a shareholder of Zhuhai Kingsoft Cloud, including, but not limited to, the right to attend shareholders’ meetings, vote on any resolution that requires a shareholder vote, such as the appointment of executive directors and senior management. The shareholder voting right trust agreements have a term of 10 years and are subject to automatic renewal on an annual basis unless they are terminated by Beijing Kingsoft Cloud at its sole discretion. Zhuhai Kingsoft Cloud and its Nominee Shareholders have no right to unilaterally terminate the agreement.

The terms of the shareholder voting right trust agreements signed amongst Yunxiang Zhisheng, Kingsoft Cloud Information and its Nominee Shareholders are the same as the terms described above.

Loan Agreements

Beijing Kingsoft Cloud has granted interest-free loans with an aggregate amount of RMB279 to one shareholder of Zhuhai Kingsoft Cloud. The loan was solely for the purposes of capital injection of Zhuhai Kingsoft Cloud. The loans are only repayable by the shareholder through a transfer of her equity interests in Zhuhai Kingsoft Cloud to Beijing Kingsoft Cloud or its designated person(s).

The terms of the loan agreement signed between Yunxiang Zhisheng and all Nominee Shareholders of Kingsoft Cloud Information are the same as the terms described above, except that the total amount of loans extended to all Nominee Shareholders of Kingsoft Cloud Information is RMB10,000.

Exclusive Purchase Option Agreements

Pursuant to the exclusive purchase option agreement between Beijing Kingsoft Cloud, Zhuhai Kingsoft Cloud and its Nominee Shareholders, Beijing Kingsoft Cloud has an exclusive irrevocable option to purchase, all or part of the equity interests in Zhuhai Kingsoft Cloud, when and to the extent permitted under PRC law. The purchase price of the equity interests in Zhuhai Kingsoft Cloud shall be equal to the minimum amount of consideration permitted by applicable PRC law or either RMB0.001 or the loan amount, whichever is higher. In addition, the Nominee Shareholders granted Beijing Kingsoft Cloud an exclusive right to designate one or more persons to purchase all or part of the equity interests in Zhuhai Kingsoft Cloud. The exclusive purchase option agreement will terminate when the Nominee Shareholders transfer all of their equity interests in Zhuhai Kingsoft Cloud to Beijing Kingsoft Cloud or its designated person(s).

The terms of the exclusive purchase option agreement signed amongst Yunxiang Zhisheng, Kingsoft Cloud Information and its Nominee Shareholders are the same as the terms described above.

Exclusive Consultation and Technical Services Agreements

Pursuant to the exclusive consultation and technical services agreement between Beijing Kingsoft Cloud and Zhuhai Kingsoft Cloud, Beijing Kingsoft Cloud has the sole and exclusive right to provide Zhuhai Kingsoft Cloud consulting services and technical services. Without the prior written consent of Beijing Kingsoft Cloud, Zhuhai Kingsoft Cloud may not directly or indirectly accept any services subject to the exclusive consultation and technical services agreement from any third party, while Beijing Kingsoft Cloud has the right to designate any party to provide such services. Zhuhai Kingsoft Cloud will pay Beijing Kingsoft Cloud a service fee periodically which is adjustable at the sole discretion of Beijing Kingsoft Cloud. The exclusive consultation and technical services agreement will remain effective for 20 years unless both parties agree to terminate the agreement. The agreement can also be renewed at the discretion of Beijing Kingsoft Cloud.

The terms of the exclusive consultation and technical services agreement signed between Yunxiang Zhisheng and Kingsoft Cloud Information are the same as the terms described above, except that the agreement will continuously remain effective unless both parties agree to terminate the agreement.

Equity Pledge Agreements

Pursuant to the equity pledge agreement amongst Beijing Kingsoft Cloud, Zhuhai Kingsoft Cloud and its Nominee Shareholders, the Nominee Shareholders have pledged all of their equity interests in Zhuhai Kingsoft Cloud to Beijing Kingsoft Cloud to guarantee performance of their obligations under the Contractual Agreements described above. During the term of the equity pledge agreement, Beijing Kingsoft Cloud has the right to receive all of Zhuhai Kingsoft Cloud’s dividends and profits distributed on the pledged equity. In the event of a breach by Zhuhai Kingsoft Cloud or any of its Nominee Shareholders of the contractual obligations under the equity pledge agreement, Beijing Kingsoft Cloud, as pledgee, will have the right to dispose of the pledged equity interests in Zhuhai Kingsoft Cloud and will have priority in receiving the proceeds from such disposal. Zhuhai Kingsoft Cloud and its Nominee Shareholders undertake that, without the prior written consent of Beijing Kingsoft Cloud, they will not transfer, or create or allow any encumbrance on the pledged equity interests. The equity pledge agreements will be in effect permanently until Zhuhai Kingsoft Cloud and its Nominee Shareholders have fulfilled all the obligations under the Contractual Agreements.

The terms of the equity pledge agreement signed amongst Yunxiang Zhisheng, Kingsoft Cloud Information and its Nominee Shareholders are the same as the terms described above.

In November and December 2019, the Contractual Agreements were supplemented by the following terms:

a)	Shareholder Voting Right Trust Agreements

•

The shareholder voting right trust agreements are valid as long as the Nominee Shareholders remain the shareholders of the VIEs.

b)	Exclusive Purchase Option Agreements

•

Without the prior consent of the WFOE, the VIEs and the Nominee Shareholders shall not: (i) amend the articles of association, (ii) increase or decrease the registered capital, (iii) sell or otherwise dispose of their assets or beneficial interest, (iv) create or allow any encumbrance on their assets or other beneficial interests, (v) extend any loans to third parties, (vi) enter into any material contracts (except those contracts entered into in the ordinary course of business), (vii) merge with or acquire any other persons or make any investments, or (viii) distribute dividends to their shareholders.

•

Any proceeds received by the Nominee Shareholders from the exercise of the option, distribution of profits or dividends, shall be remitted to the WFOE or their designated person(s), to the extent permitted under PRC laws.

c)	Exclusive Consultation and Technical Service Agreements

•

The exclusive consultation and technical services agreements will remain effective unless terminated by the WFOE at its sole discretion.

d)	Financial Support Undertaking Letter

•

Pursuant to the financial support undertaking letter, the Company is obligated and hereby undertakes to provide unlimited financial support to the VIEs, to the extent permissible under the applicable PRC laws and regulations, whether or not any such operational loss is actually incurred. The Company will not request repayment of the loans or borrowings if the VIEs or its Nominee Shareholders do not have sufficient funds or are unable to repay.

e)	Resolutions of all Shareholders and resolution of the Board of Directors of the Company

•

The Shareholders and the Company’s Board of Directors resolved that the rights under the Shareholder Voting Right Trust Agreements and the Exclusive Purchase Option Agreements were assigned to the Board of Directors of the Company or any officer authorized by the Board of Directors.

As a result, the power and the rights pursuant to the shareholder voting right trust agreements have since been effectively reassigned to the Company which has the power to direct the activities of the VIEs that most significantly impact the VIEs’ economic performance. The Company is also obligated to absorb the expected losses of the VIEs through the financial support as described above. Therefore, the Company has replaced the WFOE as the primary beneficiary of the VIEs since December 2019. As the VIEs were subject to indirect control by the Company through the WFOE immediately before and direct control immediately after the Contractual Agreements were supplemented, the change of the primary beneficiary of the VIEs was accounted for as a common control transaction based on the carrying amount of the net assets transferred.

In the opinion of the Company’s legal counsel, (i) the ownership structure relating to the VIEs complies with current PRC laws and regulations; (ii) the Contractual Agreements with the VIEs and the Nominee Shareholders are valid, binding and enforceable on all parties to these Contractual Agreements and do not violate current PRC laws or regulations; and (iii) the resolutions are valid in accordance with the articles of association of the Company and Cayman Islands Law.

However, uncertainties in the PRC legal system could cause the relevant regulatory authorities to find the current Contractual Agreements and businesses to be in violation of any existing or future PRC laws or regulations and could limit the Company’s ability to enforce its rights under these contractual arrangements. Furthermore, the Nominee Shareholders of the VIEs may have interests that are different from those of the Company, which could potentially increase the risk that they would seek to act contrary to the terms of the Contractual Agreements with the VIEs. In addition, if the Nominee Shareholders will not remain the shareholders of the VIEs, breach, or cause the VIEs to breach, or refuse to renew the existing Contractual Arrangements the Company has with them and the VIEs, the Company may not be able to effectively control the VIEs and receive economic benefits from them, which may result in deconsolidation of the VIEs.

In addition, if the current structure or any of the contractual arrangements were found to be in violation of any existing or future PRC laws or regulations, the Company may be subject to penalties, including but not be limited to, revocation of business and operating licenses, discontinuing or restricting business operations, restricting the Company’s right to collect revenues, temporary or permanent blocking of the Company’s internet platforms, restructuring of the Company’s operations, imposition of additional conditions or requirements with which the Company may not be able to comply, or other regulatory or enforcement actions against the Company that could be harmful to its business. The imposition of any of these or other penalties could have a material adverse effect on the Company’s ability to conduct its business.

The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets, consolidated statements of comprehensive loss and consolidated statements of cash flows:


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		1,429,508		2,209,647		346,742
Restricted cash		—		89,704		14,077
Accounts receivable, net of allowance for credit losses of RMB 15,745 and RMB 30,082 (US$4,721) as of December 31, 2020 and 2021, respectively		2,258,313		3,170,860		497,577
Prepayments and other assets		630,121		907,350		142,383
Amounts due from related parties		204,275		184,137		28,895
Amounts due from subsidiaries of the Group		1,631,592		2,157,428		338,547

Total current assets		6,153,809		8,719,126		1,368,221

Non-current assets:
Property and equipment, net		1,727,620		2,157,093		338,495
Intangible assets, net		14,980		93,662		14,698
Prepayments and other assets		9,978		27,036		4,243
Goodwill		—		64,082		10,056
Equity investments		86,251		162,244		25,460
Amounts due from related parties		4,712		4,712		739
Operating lease right-of-use assets		210,338		184,908		29,016

Total non-current assets		2,053,879		2,693,737		422,707

Total assets		8,207,688		11,412,863		1,790,928

Current liabilities
Accounts payable		2,013,428		2,733,487		428,944
Accrued expenses and other liabilities		521,307		1,208,868		189,698
Short-term bank loans		278,488		1,348,166		211,557
Long-term bank loan, current portion		74,351		—		—
Income tax payable		45		1,026		161
Amounts due to related parties		56,795		797,731		125,181
Current operating lease liabilities		56,261		70,672		11,090
Amounts due to subsidiaries of the Group		903,879		1,597,946		250,753

Total current liabilities		3,904,554		7,757,896		1,217,384

Non-current liabilities
Deferred tax liabilities		29		—		—
Other liabilities		7,020		6,975		1,095
Non-current operating lease liabilities		146,012		121,057		18,996
Amounts due to related parties		—		472,882		74,206
Amounts due to subsidiaries of the Group		7,367,267		7,486,525		1,174,799

Total non-current liabilities		7,520,328		8,087,439		1,269,096

Total liabilities		11,424,882		15,845,335		2,486,480


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Revenues		3,882,352			6,377,158			7,972,143			1,251,003
Net loss		(970,344	)		(922,908	)		(1,556,904	)		(244,312	)
Net cash used in operating activities		(785,378	)		(833,479	)		(958,748	)		(150,448	)
Net cash used in investing activities		(836,981	)		(1,471,637	)		(843,586	)		(132,377	)
Net cash generated from financing activities		1,618,102			2,802,088			2,612,563			409,968

The carrying amounts of the assets, liabilities and the results of operations of the VIEs and their subsidiaries are presented in aggregate due to the similarity of the purpose and design of the VIEs and their subsidiaries, the nature of the assets in these VIEs and their subsidiaries and the type of the involvement of the Company in these VIEs and their subsidiaries.

The revenue-producing assets that are held by the VIEs and their subsidiaries comprise

mainly electronic equipment, and data center machinery and equipment.

The VIEs and their subsidiaries contributed an aggregate

98.1

97.0

% and

88.0

% of the Group’s consolidated revenue for the years ended December

2019

2020

and

2021

, respectively, after elimination of inter-entity transactions.

As of December 31, 2020, there was

pledge or collateralization of the VIEs’ and their subsidiaries’ assets that can only be used to settle obligations of the VIEs and their subsidiaries. As of December 31, 2021, other than

RMB

750,000

(US$

117,691

) of VIEs’ subsidiaries’ electronic equipment that was secured for the loans borrowed from Xiaomi Group (

ote 20), and

RMB

89,704

(US$

14,077

) of a VIE’s subsidiary’s restricted cash that was secured for certain payables to suppliers and to

guarantee

certain revenue contracts, there was no other pledge or collateralization of the VIEs and VIEs’ subsidiaries’ assets that can only be used to settle obligations of the VIEs and VIEs’ subsidiaries. Other than the amounts due to subsidiaries of the Group (which are eliminated upon consolidation), all remaining liabilities of the VIEs and VIEs’ subsidiaries are without recourse to the Company.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”).

Principles of consolidation

The consolidated financial statements of the Group include the financial statements of the Company, its subsidiaries, the VIEs, and subsidiaries of the VIEs for which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated upon consolidation.

Use of estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the balance sheet dates and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in the Group’s consolidated financial statements include, but are not limited to, allowance for credit losses or allowance for doubtful accounts for accounts receivable, contract assets and amounts due from related parties, measurement of operating lease

right-of-use

assets and lease liabilities, impairment of long-lived assets, impairment of goodwill, useful lives of long-lived assets, realization of deferred tax assets, uncertain tax positions, share-based compensation expense, the purchase price allocation and fair value of non-controlling interests and contingent consideration with respect to business combinations, the fair value of equity investments and standalone selling prices of performance obligation of revenue contracts. Management bases the estimates on historical experience and various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could materially differ from those estimates.

Foreign currency

The Group’s financial information is presented in Renminbi (“RMB”). The functional currency of the Company and the Company’s subsidiaries located in the U.S. is U.S. dollars (“US$”). The functional currency of the Company’s subsidiaries and the VIEs and VIEs’ subsidiaries located in the PRC is Renminbi (“RMB”). The functional currencies of the Company’s subsidiaries located in Japan and Hong Kong are Japanese Yen (“Yen”) and Hong Kong

ollars (“HK$”), respectively.

Transactions denominated in foreign currencies are

re-measured

into the functional currency at the exchange rates prevailing on the transaction dates. Monetary assets and liabilities denominated in foreign currencies are

re-measured

at the exchange rates prevailing at the balance sheet date.

Non-monetary

items that are measured in terms of historical cost in foreign currency are

re-measured

using the exchange rates at the dates of the initial transactions. Exchange gains and losses are included in the consolidated statements of comprehensive loss. The Company uses the average exchange rate for the year and the exchange rate at the balance sheet date to translate the operating results and financial position, respectively. Translation differences are recorded in accumulated other comprehensive loss, a component of shareholders’ (deficit) equity.

Convenience translation

Amounts in U.S. dollars are presented for the convenience of the reader and are translated at the noon buying rate of RMB6.3726 per US$1.00 on December 31, 2021 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and time deposits or other highly liquid investments placed with banks or other financial institutions which are unrestricted as to withdrawal or use and have original maturities of less than three months.

Restricted cash

Restricted cash mainly represents the cash reserved in escrow accounts for purchase consideration in relation to a business acquisition, cash secured for certain payables to suppliers and advances paid by certain customers to guarantee the Group’s performance under certain revenue contracts.

Short-term investments

The Group’s short-term investments comprise primarily of cash deposits at fixed rates with original maturities of greater than three months, but less than 12 months.

Non-controlling interests

A non-controlling interest

is recognized to reflect the portion of subsidiaries’ equity which is not attributable, directly or indirectly, to the Group. Consolidated net loss on the consolidated statements of comprehensive loss includes the net income (loss) attributable

to non-controlling interests.

The cumulative results of operations attributable

to non-controlling interests

are recorded

as “non-controlling interests”

in the Group’s consolidated balance sheets.

Business combinations

The Group accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805,

Business Combinations

(“ASC 805”). The acquisition method of accounting requires that the consideration transferred to be allocated to the assets, including separately identifiable assets and liabilities the Group acquired, based on their estimated fair values. The consideration transferred in an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The Group also evaluates all contingent consideration arrangements to determine if the arrangements are compensatory in nature. If the Group determines that a contingent consideration arrangement is compensatory, the arrangement would be accounted for outside of the business combination and recorded as compensation expense in the post-acquisition financial statements of the combined entity. The costs directly attributable to the acquisition are expensed as incurred. Contingent consideration, if any, is measured at fair value initially on the acquisition date as well as subsequently at the end of each reporting period until the assessment period is over and it is finally settled. Identifiable assets, liabilities and contingent liabilities acquired or assumed other than contract assets and contract liabilities from revenue contracts are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The Group early adopted Accounting Standards

Update (“ASU”) No. 2021-08,

Business Combinations (Topic 805)

Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

(“ASU

2021-08”)

and recognizes and measures the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements. The excess of (i) the total of cost of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree, is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in earnings. During the measurement period, which can be up to one year from the acquisition date, the Group may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in the consolidated statements of comprehensive loss.

Equity investments

The Group’s equity investments are long-term investments in unlisted companies based in the PRC over which the Group neither has significant influence nor control through investment in common stock or

in-substance

common stock. Equity investments with readily determinable fair value, except for those accounted for under the equity method, those that result in consolidation of the investee and certain other investments, are measured at fair value, and any changes in fair value are recognized in earnings. For equity securities without readily determinable fair value and do not qualify for the existing practical expedient in ASC 820,

Fair Value Measurements and Disclosures

(“ASC 820”) to estimate fair value using the net asset value per share (or its equivalent) of the investment, the Group elected to use the measurement alternative to measure all its investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer, if

any

The Group makes a qualitative assessment of whether the equity investments are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the entity has to estimate the investment’s fair value in accordance with the principles of ASC 820. If the fair value is less than the investment’s carrying value, the entity has to recognize an impairment loss in the statements of comprehensive loss equal to the difference between the carrying value and fair value.

As of December 31, 2020 and 2021, the carrying amount

of the Group’s equity investments measured using the measurement alternative

were

RMB126,583 and RMB207,166 (US$32,509), respectively,

including

accumulated impairment of RMB nil and RMB nil (US$ nil),

and

accumulated upward

adjustment of RMB

14,301

and

RMB96,793 (US$15,189

), respectively.

The Group recognized RMB

14,301

and RMB

82,492

(US$

12,945)

unrealized gains (upward adjustments), and RMB

nil

and RMB

nil

(US$

nil

)

unrealized losses (downward adjustments) resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer in other gain

, net

on the consolidated statements of comprehensive loss for

the

years ended December

2020

and

2021

, respectively

In 2021, the Group: i) acquired equity interest of

a company engaged in providing technology services

with a cash consideration of RMB52,493 (US$8,237)

;

and

ii)

disposed

equity interests in certain equity investees and recognized a disposal gain

of RMB10,363 (US$1,626) in “Other gain

, net

”.

Fair value measurements

Financial instruments of the Group primarily include cash and cash equivalents, restricted cash, short-term investments, accounts receivable and contract assets, equity investments, accounts payable, purchase consideration payable, certain other liabilities, amounts due from and due to related parties and bank loans. For equity investments, the Group elected to use the measurement alternative to measure those investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer, if any. The Group, with the assistance of an independent third-party valuation firm, determined the estimated fair value of its equity investments using the alternative measurement. The carrying amounts of the bank loans approximate to their fair values due to the fact that the related interest rates approximate the interest rates currently offered by financial institutions for similar debt instruments of comparable maturities. The Group measures its purchase consideration payable at fair value on a recurring basis. The fair value of purchase consideration payable is estimated by discounting cash flows using interest rates currently available for similar debts instruments of comparable maturities (Level 2 fair value measurement). The Group applies ASC 820 in measuring fair value. ASC 820 defines fair value, establishes a framework for measuring fair value and requires disclosures to be provided on fair value measurement. The carrying amounts of the remaining financial instruments approximate to their fair values because of their short-term maturities.

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

Level 3—Unobservable inputs which are supported by little or no market activity.

ASC

820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would c

urrently

be required to replace an asset.

Adoption of ASC 326

On January 1, 2021, the Group adopted ASC 326,

Credit Losses

(“ASC 326”) which replaced previously issued guidance regarding the impairment of financial instruments with an expected loss methodology that will result in more timely recognition of credit losses. The Group used a modified retrospective approach and did not restate the comparable prior periods, which resulted in a cumulative effect to increase the opening balance of accumulated deficit on January 1, 2021 by RMB5,684 (US$892).

Accounts receivable and contract assets, net

Prior to the adoption of ASC 326, accounts receivable are recognized and carried at original invoiced amount less an allowance for any potential uncollectible amounts. An allowance for doubtful accounts is recorded when collection of the full amount is no longer probable. In evaluating the collectability of receivable balances, the Group considers specific evidence including the aging of the receivable, the customer’s payment history, its current creditworthiness and current economic trends. Accounts receivable are written off after all collection efforts have ceased.

Upon adoption of ASC 326, the Group maintains an allowance for credit losses in accordance with ASC 326 and records the allowance for credit losses as an offset to accounts receivable and contract assets, and the estimated credit losses charged to the allowance is classified as “General and administrative expenses” in the consolidated statements of comprehensive loss. The Group assesses collectability by reviewing accounts receivable and contract assets on a collective basis where similar characteristics exist and on an individual basis when the Group identifies specific customers with known disputes or collectability issues. In determining the amount of the allowance for credit losses, the Group considers historical collectability based on past due status, the age of the accounts receivable and contract assets balances, credit quality of the Group’s customers based on ongoing credit evaluations, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect the Group’s ability to collect from customers.

Property and equipment, net

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category	Estimated Useful Life
Electronic equipment		3–4 years
Office equipment and fixtures		5 years
Data center machinery and equipment		10 years
Building		50 years

Repair and maintenance costs are charged to expense

as incurred, whereas the cost of renewals and betterments that extend the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the cost and accumulated depreciation from the asset and accumulated depreciation accounts with any resulting gain or loss reflected in the consolidated statements of comprehensive loss.

Direct costs that are related to the construction of property and equipment, and incurred in connection with bringing the assets to their intended use are capitalized as construction in progress. Construction in progress is transferred to specific property and equipment, and the depreciation of these assets commences when the assets are ready for their intended use.

Intangible assets

Intangible assets are carried at cost less accumulated amortization and any recorded impairment. Intangible assets acquired in a business combination were recognized initially at fair value at the date of acquisition. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible assets are to be consumed. The estimated useful lives for the intangible assets are as follows:


Category	Estimated Useful Life
Customer relationships		6 years
Patents and technologies		6-10 years
Trademarks and domain names		10 years
Software and copyrights		3–10 years
Others		3 years

If an intangible asset is determined to have an indefinite life, it should not be amortized until its useful life is determined to be no longer indefinite. As of December 31, 2020 and 2021, the Group did not have any intangible assets with indefinite

lives

Impairment of long-lived assets

The Group evaluates its long-lived assets for impairment whenever events or changes in circumstances, such as a significant adverse change to market conditions that will impact the future use of the assets, indicate that the carrying amount of long-lived assets in an asset group may not be fully recoverable. When these events occur, the Group evaluates the recoverability of long-lived assets by comparing the carrying amount of the assets to the future undiscounted cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amount of the assets, the Group recognizes an impairment loss based on the excess of the carrying amount of the assets over their fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available. Significant assumptions used in the future undiscounted cash flows of the asset group included revenue growth rates and

gross

margin. For all periods presented, there was no impairment of any of the Group’s long-lived assets.

Segment reporting

In accordance with ASC

280-10,

Segment Reporting: Overall

(“ASC 280”), the Group’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer who reviews the consolidated results of operations when making decisions about allocating resources and assessing performance of the Group as a whole and hence, the Group has only one operating segment. The Group does not distinguish between markets or segments for purposes of internal reporting. A majority of the Group’s revenues were generated from the PRC and a majority of the long-lived assets of the Group are located in the PRC, and therefore, no geographical segments are presented.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable net assets acquired in a business combination. Goodwill is allocated to the reporting units of the Group that are expected to benefit from the synergies of the business combination based on the estimated fair value

of these reporting units at the date of acquisition. A reporting unit is defined as an operating segment or one level below an operating segment referred to as a component. The Group determines reporting units by first identifying its operating segments, and then assesses whether any components of these segments constituted a business for which discrete financial information is available and where the segment manager regularly reviews the operating results of that component. As of December 31, 2021, the Group has two reporting units, consisting of Cloud service and solutions and Cloud-based digital solution and services. Because, except for those two reporting units identified, other components below the consolidated level either did not have discrete financial information or their operating results were not regularly reviewed by the segment manager.

The Group assesses goodwill for impairment in accordance with ASC

350-20,

Intangibles—Goodwill and Other: Goodwill

(“ASC

350-20”),

which requires goodwill to be tested for impairment at the reporting unit level at least annually and more frequently upon the occurrence of certain events. The Group has the option to assess qualitative factors first to determine whether it is necessary to perform the quantitative test in accordance with ASC

350-20.

In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations to assess any significant changes in each reporting unit’s fair value and carrying value since the most recent date a fair value measurement was performed. If the Group believes, as a result of the qualitative assessment, that it is

more-likely-than-not

that the fair value of the reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The Group adopted

ASU No.

2017-04,

Simplifying the Test for Goodwill Impairment

(“ASU 2017-04”), on a prospective basis on January 1, 2021, and compares the fair value of the reporting unit with its carrying amount, including goodwill. ASU

2017-04

simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. No impairment of goodwill was recorded for the year ended December 31, 2021.

Revenue recognition

The Group applies the five-step model outlined in ASC 606,

Revenue from Contracts with Customers

(“ASC 606”), and accounts for a contract when it has approval and commitment from the customer, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable.

Revenue is allocated to each performance obligation based on its standalone selling price. The Group generally determines standalone selling prices based on observable prices. If the standalone selling price is not observable through past transactions, the Group estimates the standalone selling price based on multiple factors, including, but not limited to, historical discounting trends for services, gross margin objectives, internal costs, and industry technology lifecycles. Timing of revenue recognition may differ from the timing of invoicing to customers. For certain revenue contracts, customers are required to pay before the services are delivered to the customer. The Group recognizes a contract asset or a contract liability in the consolidated balance sheets, depending on the relationship between the entity’s performance and the customer’s payment. Contract liabilities represent the excess of payments received as compared to the consideration earned and are reflected in “accrued expenses and other liabilities” in the Group’s consolidated balance sheets. Contract assets primarily relate to the Group’s rights to consideration for work completed in relation to its services performed but not billed at the reporting date, and are reflected in “prepayments and other assets” in the Group’s consolidated balance sheets. The contract assets are transferred to the receivables when the rights become unconditional. Using the practical expedient in ASC 606, the Group does not adjust the promised amount of consideration for the effects of a significant financing component if it expects, at contract inception, that the period between the transfer of the promised good or service to the customer and when the customer pays for that good or service will be one year or less. Pursuant to ASC

606-10-32-2A,

the Group also elected to exclude sales taxes and other similar taxes from the measurement of the transaction price. Therefore, revenues are recognized net of value added taxes (“VAT”) and surcharges.

Public cloud services

The Group provides integrated cloud-based services including cloud computing, storage and delivery. The nature of the Group’s performance obligation is a single performance obligation to stand ready to provide an unspecified quantify of integrated cloud-based services each day throughout the contract period. The Group uses monthly utilization records, an output measure, to recognize revenue over time as it most faithfully depicts the simultaneous consumption and delivery of services. At the end of each month, the transaction consideration is fixed based on utilization records and no variable consideration exists.

Enterprise cloud services

The Group provides comprehensive customized cloud-based and enterprise digital solutions, which are typically completed within twelve months (“Solutions”). The components within the Solutions are not distinct within the context of the contract because they are considered highly interdependent and the customer can only benefit from these components in conjunction with one another as a

two-way

dependency exists. The Group also provides post-delivery maintenance and upgrade services that are mainly technical support services performed by the Group’s technical support team. Therefore, the arrangement has three performance obligations, the Solutions, maintenance and upgrades. Revenue allocated to the Solutions and upgrades, is recognized at a point in time only upon customer acceptance of the Solutions and upon delivery of the specified upgrade, respectively. Revenue allocated to maintenance is recognized over time because the customer simultaneously receives and consumes the benefits as the Group performs throughout a fixed term. Revenue allocated to maintenance and upgrades during the periods presented

was

immaterial.

The Group also provides enterprise digital services. The series of enterprise digital services are substantially the same from day to day, and each day of the service is considered to be distinct and separately identifiable as it benefits the customer daily. Further, the uncertainty related to the service consideration is resolved on a daily basis as the Group satisfies its obligation to perform enterprise digital service daily with enforceable right to payment for performance completed to date. Thus, revenue is recognized as service is performed and the customer simultaneously receives and consumes the benefits from the service daily.

Cost of revenue

Cost of revenues primarily includes bandwidth and internet data center costs, depreciation expense of electronic equipment, data center machinery and equipment, salaries and benefits for employees directly involved in revenue generation activities, and other expenses directly attributable to the provision of services.

Research and development

Research and development expenses primarily consist of salaries and benefits for research and development personnel, and third party service provider costs. The Group expenses research and development costs as they are incurred.

Advertising expenditures

Advertising costs are expensed when incurred and are included in sales and marketing expenses in the consolidated statements of comprehensive loss. For the years ended December 31, 2019, 2020 and 2021, the advertising expenses were approximately RMB29,271, RMB15,348 and RMB24,070 (US$3,777), respectively.

Government grants

Government grants primarily consist of financial grants received from provincial and local governments for operating a business in their jurisdictions and compliance with specific policies promoted by the local governments. There are no defined rules and regulations to govern the criteria necessary for companies to receive such benefits, and the amount of financial subsidy is determined at the discretion of the relevant government authorities. Government grants of

non-operating

nature and with no further conditions to be met are recorded as

non-operating

income in “Other income, net” when received. The remaining government grants are related to acquisition of assets. The grants are recorded as “deferred government grants” included in the accrued expenses and other liabilities line items in the consolidated balance sheets when received. Once the Group fulfills the conditions stipulated under the grant, the grant amount is deducted from the carrying amount of the asset with a corresponding reduction in the deferred government grant balance.

Leases

The Group adopted ASU

No. 2016-02,

Leases (Topic 842)

and all subsequent ASU’s relating to this Topic (collectively, “ASC 842”) on January 1, 2020 by using the modified retrospective method through a cumulative-effect adjustment on January 1, 2020. The Group has elected the package of practical expedients, which allows the Group to carry forward the historical lease classification, not to assess whether a contract is or contains a lease, and initial direct costs for any leases that exist prior to adoption of the new standard. The Group has also elected the practical expedient the short-term lease exemption for contracts with lease terms of 12 months or less.

The Group determines if an arrangement is a lease or contains a lease at lease inception. For operating leases, the Group recognizes a

right-of-use

asset and a lease liability on the consolidated balance sheets based on the present value of the lease payments over the lease term at commencement date. As most of the Group’s leases do not provide an implicit rate, the Group estimates its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. Lease expense is recorded on a straight-line basis over the lease term.

Comprehensive loss

Comprehensive loss is defined as the changes in equity of the Group during a period from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Among other disclosures, ASC 220,

Comprehensive Income

, requires that all items that are required to be recognized under current accounting standards as components of comprehensive loss be reported in a financial statement that is displayed with the same prominence as other financial statements. For each of the periods presented, the Group’s comprehensive loss includes net loss and foreign currency translation adjustments and is presented in the consolidated statements of comprehensive loss.

Income taxes

The Group follows the liability method of accounting for income taxes in accordance with ASC 740,

Income Taxes

(“ASC 740”). Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Group records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is

more-likely-than-not

that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate.

The Group accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties arising from underpayment of income taxes shall be computed in accordance with the related PRC tax law. The amount of interest expense is computed by applying the applicable statutory rate of interest to the difference between the tax position recognized and the amount previously taken or expected to be taken in a tax return. Interest and penalties recognized in accordance with ASC 740 are classified in the consolidated statements of comprehensive loss as income tax expense.

In accordance with the provisions of ASC 740, the Group recognizes in its consolidated financial statements the impact of a tax position if a tax return position or future tax position is “more likely than not” to prevail based on the facts and technical merits of the position. Tax positions that meet the “more likely than not” recognition threshold are measured at the largest amount of tax benefit that has a greater than fifty percent likelihood of being realized upon settlement. The Group’s estimated liability for unrecognized tax benefits that, if any, will be recorded in “other

non-current

liabilities” in the accompanying consolidated financial statements is periodically assessed for adequacy and may be affected by changing interpretations of laws, rulings by tax authorities, changes and/or developments with respect to tax audits, and expiration of the statute of limitations. The actual benefits ultimately realized may differ from the Group’s estimates. As each audit is concluded, adjustments, if any, are recorded in the Group’s consolidated financial statements. Additionally, in future periods, changes in facts, circumstances, and new information may require the Group to adjust the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recognized in the period in which the changes occur.

Share-based compensation

The Group applies ASC 718,

Compensation—Stock Compensation

(“ASC 718”), to account for its employee share-based payments. In accordance with ASC 718, the Group determines whether an award should be classified and accounted for as a liability award or equity award. All the Group’s share-based awards to employees only and are classified as equity awards and are recognized in the consolidated financial statements based on their grant date fair values.

The Group uses the accelerated method for all awards granted with graded vesting based on service conditions, and elected to account for forfeitures as they occur. The Group elected to account for forfeitures as they occur. The Group, with the assistance of an independent third party valuation firm, determined the fair value of the share-based awards granted to employees. The binomial option pricing model was applied in determining the estimated fair value of the options granted to employees.

Loss per share

In accordance with ASC 260,

Earnings Per Share

(“ASC 260”), basic loss per share is computed by dividing

the

net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year using the

two-class

method. Under the

two-class

method, net loss is allocated between ordinary shares and other participating securities based on their participating rights. The Company’s convertible preferred shares and redeemable convertible preferred shares are participating securities. Diluted loss per share is calculated by dividing net loss attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. For the periods presented herein, the computation of basic loss per share using the

two-class

method is not applicable as the Company is in a net loss position and the participating securities do not have contractual rights and obligations to share in the losses of the Company.

Diluted loss per share is calculated by dividing net loss attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Ordinary equivalent shares consist of the ordinary shares issuable upon the conversion of the Company’s convertible preferred shares and redeemable convertible preferred shares using the

if-converted

method; and ordinary shares issuable upon the exercise of share options and vesting of awarded shares, using the treasury stock method. Ordinary share equivalents are excluded from the computation of diluted per share if their effects would be anti-dilutive.

Employee benefit expenses

All eligible employees of the Group are entitled to staff welfare benefits including medical care, welfare grants, unemployment insurance and pension benefits through a PRC government-mandated multi-employer defined contribution plan. The Group is required to accrue for these benefits based on certain percentages of the qualified employees’ salaries. The Group is required to make contributions to the plans out of the amounts accrued. The PRC government is responsible for the medical benefits and the pension liability to be paid to these employees and the Group’s obligations are limited to the amounts contributed. The Group has no further payment obligations once the contributions have been paid.

The Group recorded employee benefit expenses of RMB155,848, RMB126,784 and RMB310,126 (US$48,666) for the years ended December 31, 2019, 2020 and 2021, respectively.

Impact of

COVID-19

For the year

ended December 31, 2020 and 2021,

COVID-19

has had immaterial impact on the Group’s operations. There are still uncertainties of

COVID-19’s

future impact, and the extent of the impact will depend on a number of factors, including the duration and severity of the pandemic; the uneven impact to certain industries; and the macroeconomic impact of government measures to contain the spread of

COVID-19

and related government stimulus measures. As a result, certain of the Group’s estimates and assumptions, including allowance for credit losses, equity investments, long-lived assets and goodwill subject to impairment assessments, require increased judgment and carry a higher degree of variability and volatility that could result in material changes to the Group’s estimates in future periods.

Recent accounting pronouncements

In November 2021, the FASB issued ASU No. 2021-10,

Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance.

This update requires certain annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This update is effective for annual periods beginning after December 15, 2021, and early application is permitted. This guidance should be applied either prospectively to all transactions that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or retrospectively to those transactions. The Group does not expect any material impact on the Group’s consolidated financial statements as a result of adopting the new standard.

Concentration of Risks

12 Months Ended

Dec. 31, 2021

Concentration of Risk [Abstract]

Concentration of Risks

3.	CONCENTRATION OF RISKS

Concentration of credit risk

Assets that potentially subject the Group to significant concentration of credit risk primarily consist of cash and cash equivalents, restricted cash, short-term investments, accounts receivable and contract assets. The Group expects that there is no significant credit risk associated with cash and cash equivalents, restricted cash and short-term investments, which were held by reputable financial institutions in the jurisdictions where the Company, its subsidiaries, the VIEs and the subsidiaries of VIEs are located. The Group believes that it is not exposed to unusual risks as these financial institutions have high credit quality.

Accounts receivable and contract assets are typically unsecured and are derived from revenues earned from reputable customers. As of December 31, 2020 and 2021, the Group had two customers, with accounts receivable balances exceeding 10

% of the total accounts receivable balances. As of December 31, 2021, the Group had one customer, with a contract asset balance exceeding 10

% of the total contract assets balance. The risks with respect to accounts receivable and contract assets are mitigated by credit evaluations the Group performs on its customers and its ongoing monitoring process of outstanding balances.

Business, customer, political, social and economic risks

The Group participates in a dynamic and competitive high technology industry and believes that changes in any of the following areas could have a material adverse effect on the Group’s future financial position, results of operations or cash flows: changes in the overall demand for services; competitive pressures due to existing competitors; and new trends in new technologies and industry standards; control of telecommunication infrastructures by local regulators and industry standards; changes in certain strategic relationships or customer relationships; regulatory considerations; and risks associated with the Group’s ability to attract and retain employees necessary to support its growth. The Group’s operations could be adversely affected by significant political, economic and social uncertainties in the PRC.

Revenue from three

customers accounted for 14%, 31% and 12%, respectively, of total revenues during the year ended December 31, 2019, and 10%, 28% and 15%, respectively, of total revenues during the year ended December 31, 2020.

Revenue from t

wo customer

account

for 22% and 13%, respectively, of total revenues during the year ended December 31, 2021.

Currency convertibility risk

The Group transacts a majority of its business in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China (“PBOC”). However, the unification of the exchange rates does not imply that the RMB may be readily convertible into United States dollars or other foreign currencies. All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC. Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. Additionally, the value of the RMB is subject to changes in central government policies and international economic and political developments affecting supply and demand in the PRC foreign exchange trading system market.

Foreign currency exchange rate risk

From July 21, 2005, the RMB is permitted to fluctuate within a narrow and managed band against a basket of certain foreign currencies. For RMB against U.S. dollar, there was depreciation of approximately 1.3%

during the year ended December 31,

2019 and

appreciation of approximately 6.3%

and 2.3%

during the years ended December 31, 2020

and 2021

, respectively. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB and the U.S. dollar in the future.

To the extent that the Group needs to convert the U.S. dollar into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB against the U.S. dollar would have an adverse effect on the RMB amount the Group would receive from the conversion. Conversely, if the Group decides to convert RMB into the U.S. dollar for the purpose of making payments for dividends on ordinary shares, strategic acquisitions or investments or other business purposes, appreciation of the U.S. dollar against RMB would have a negative effect on the U.S. dollar amount available to the Group. In addition, a significant depreciation of the RMB against the U.S. dollar may significantly reduce the U.S. dollar equivalent of the Group’s earnings or losses.

Business Combination

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Business Combinations

4.	BUSINESS COMBINATION

Acquisition of Shenzhen Yunfan

In March 2021, the Group completed the acquisition of 100% equity interest in Shenzhen Yunfan Acceleration Technology Co., Ltd. and its subsidiary (collectively, “Shenzhen Yunfan”). Shenzhen Yunfan is mainly engaged in providing content distribution, acceleration and other cloud-related IaaS and PaaS edge computing solutions, and the acquisition is expected to enhance the Group’s expertise in public cloud services. The results of Shenzhen Yunfan have been included in the Group’s consolidated financial statements since April 2021.

The total cash purchase price consideration was RMB126,400 (US$19,835

). The Group recognized RMB586 (US$92) of net assets acquired excluding intangible assets, RMB77,000 (US$12,083) of intangible

assets which comprised of technology, trademark and domain name,

and RMB48,814 (US$7,660) of goodwill resulted from the acquisition. Goodwill recognized represents the expected synergies from integrating Shenzhen Yunfan with the Group’s existing cloud business and is not deductible for tax purposes.

Acquisition of Beijing Yunshu

In April 2021, the Group completed the acquisition of 86.21% equity interest in Beijing

Yunshu Xunlian Technology Co., Ltd. (“Beijing Yunshu”), which the Group expected to enhance the Group’s public cloud services. The total cash purchase price was RMB7,034 (US$1,104) contingent consideration. The results of Beijing Yunshu’s operations have been included in the Group’s consolidated financial statements since April 2021.

Acquisition of Camelot

In September 2021, the Group completed the acquisition of Camelot. Camelot is mainly engaged in enterprise digital solutions and enterprise digital services, and the acquisition is expected to further develop the Group’s enterprise cloud business. The results of Camelot have been included in the consolidated financial statements of the Group since September 2021.

The total purchase consideration was RMB5,290,553 (US$830,203), which consisted of cash consideration of RMB751,974 (US$118,001) and equity consideration of RMB4,538,579 (US$712,202). Goodwill recognized represents the expected synergies from integrating Camelot with the Group’s existing enterprise cloud business and is not tax deductible. The table below summarize

the estimated fair values of the assets acquired and liabilities assumed from Camelot as of the acquisition date:


	Camelot
	RMB			US$

Total fair value of purchase consideration		5,290,553			830,203
Less:
Cash and cash equivalents		618,439			97,047
Restricted cash		1,126			177
Accounts receivable and other assets		940,297			147,553
Property and equipment, net		12,224			1,918
Intangible assets:
Customer relationship		620,100			97,307
Trademarks		474,000			74,381
Copyrights		34,100			5,351
Deferred tax assets		59,060			9,268
Deferred tax liabilities		(268,490	)		(42,132	)
Accounts payable and other liabilities		(878,885	)		(137,916	)
Non-controlling interests		(882,451	)		(138,476	)

Goodwill		4,561,033			715,725

The purchase price allocation of Camelot is substantially complete with the exception of, primarily, certain tax matters. Any measurement period adjustments resulting from the finalization of the Group’s purchase price allocation are not expected to be material.

The valuations used in the purchase price allocation for the acquisitions were determined by the Group with the assistance of independent third-party valuation firms using the income approach (a Level 3 measurement). Significant assumptions used in the valuation of intangible assets included projected revenue growth rates, operating margin, customer attrition rates, royalty rates and discount rate.

Non-controlling

interests at the acquisition date was measured by applying the equity percentage held by

non-controlling

shareholders and a discount for lack of control premium to the fair value of the acquired business of Camelot.

The actual results of operation after the acquisition date and pro forma results of operations for the acquisitions have not been presented because the effects were not material.

Revenues

12 Months Ended

Dec. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

Revenues

REVENUES

The following table presents the Group’s revenues from contracts with customers disaggregated by material revenue category:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Public cloud services recognized over time		3,458,843		5,166,851		6,159,085		966,495

Enterprise cloud services:
Recognized at a point in time		485,991		1,368,544		2,159,869		338,931
Recognized over time		317		4,145		737,948		115,800

		486,308		1,372,689		2,897,817		454,731

Others:
Recognized at a point in time		11,202		36,611		1,208		190
Recognized over time		—		1,156		2,674		419

		11,202		37,767		3,882		609

		3,956,353		6,577,307		9,060,784		1,421,835

The transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at December 31, 2021 are primarily related to enterprise cloud services, which are as follows:


	RMB		US$
Within one year		27,852		4,371
More than one year		23,505		3,688

Total		51,357		8,059

Contract balances

Contract liabilities relate to contracts where the Group received payments but has not yet satisfied the related performance obligations. The advance consideration received from customers for the services is a contract liability until services are provided to the customer.


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Revenue recognized from amounts included in contract liabilities at the beginning of the period		22,782		37,550		112,221		17,610

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 13
-Subparagraph (b)(2)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Accounts Receivable, Net

12 Months Ended

Dec. 31, 2021

Receivables, Net, Current [Abstract]

Accounts Receivable, Net

6.	ACCOUNTS RECEIVABLE, NET


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Accounts receivable		2,350,641			3,603,240			565,427
Allowance for credit losses		(15,770	)		(32,265	)		(5,063	)

Accounts receivable, net		2,334,871			3,570,975			560,364

The movements of the allowance for credit losses were as follows:


	As at December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Balance at beginning of the year		2,249			22,894			15,770			2,475
Adoption of ASC 326*		—			—			5,684			892
Provision for expected credit losses		61,687			44,695			121,731			19,102
Write-offs charged against the allowance		(41,042	)		(44,096	)		(101,202	)		(15,881	)
Recoveries during the year		—			(7,723	)		(9,718	)		(1,525	)

Balance at end of the year		22,894			15,770			32,265			5,063

Starting from January 1, 2021, the Group adopted ASC 326, which amends previously issued

the

guidance regarding the impairment of financial instruments by creating an impairment model that is based on expected losses rather than incurred losses. The Group used a modified retrospective approach with a cumulative effect of increasing the opening balance of accumulated deficit approximately of RMB5,684 (US$892).

Prepayments and Other Assets

12 Months Ended

Dec. 31, 2021

Prepayments and Other Assets [Abstract]

Prepayments and Other Assets

7.	PREPAYMENTS AND OTHER ASSETS


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Current portion:
Prepayments to suppliers		78,621		162,528		25,504
Contract costs*		13,882		145,628		22,852
Contract assets, net**		—		550,068		86,318
VAT prepayments		470,567		619,391		97,196
Interest receivable		14,204		21,463		3,368
Individual income tax receivable*** (Note 12)		231,377		48,949		7,681
Others		78,435		138,994		21,811

		887,086		1,687,021		264,730

Non-current portion:
Prepayments for electronic equipment		8,978		25,388		3,984
Others		2,846		3,678		577

		11,824		29,066		4,561

*	Represents costs incurred in advance of revenue recognition arising from direct and incremental cost s related to enterprise cloud services provided. Such contract costs are recognized as cost of revenue upon the recognition of the related revenues.

Represents the Group’s rights to consideration for work completed in relation to its services performed but not billed at the report date.

The increase in contract assets as compared to December 31, 2020 is a result of a business acquisition.

The allowance for credit losses on contract assets was RMB1,591 (US$250) as of December 31, 2021. The amounts charged to expenses for credit losses o

contract assets and write-offs charged against the allowance were RMB2,100 (US$330)

and RMB509 (US$80)

, respectively,

for the year ended December 31, 2021.

***	Represents amounts due from certain employees related to their individual income taxes (“IIT”) arising from exercise and vesting of share-based awards.

Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

8.	PROPERTY AND EQUIPMENT, NET


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Electronic equipment		4,164,384			5,123,149			803,934
Office equipment and fixtures		9,759			15,462			2,426
Data center machinery and equipment		135,068			144,328			22,648
Building		—			15,768			2,474
Construction in progress		5,454			147,817			23,196

		4,314,665			5,446,524			854,678
Less: accumulated depreciation		(2,357,875	)		(3,082,421	)		(483,699	)

Property and equipment, net		1,956,790			2,364,103			370,979

Depreciation expense for the years ended December 31, 2019, 2020 and 2021 was RMB601,730, RMB750,375 and RMB783,305 (US$122,918), respectively.

Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

9.	INTANGIBLE ASSETS, NET


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Customer relationships		—			620,100			97,307
Patents and technologies		—			67,900			10,655
Trademarks and domain names		7,020			497,098			78,006
Software and copyrights		20,807			71,752			11,259
Others		7,469			3,637			571

		35,296			1,260,487			197,798

Less: accumulated amortization
Customer relationships		—			(32,637	)		(5,121	)
Patents and technologies		—			(8,138	)		(1,277	)
Trademarks and domain names		(3,035	)		(20,722	)		(3,252	)
Software and copyrights		(10,268	)		(26,692	)		(4,189	)
Others		(5,420	)		(2,531	)		(397	)

		(18,723	)		(90,720	)		(14,236	)

Intangible assets, net		16,573			1,169,767			183,562

Amortization expense of intangible assets for the years ended December 31, 2019, 2020 and 2021 was RMB

2,851

RMB7,663

and

RMB72,299

(US$

11,345

), respectively. As of December 31, 2021, estimated amortization expense of the existing intangible assets for each of the next five years and thereafter is as follows:


	RMB		US$
2022		171,065		26,844
2023		170,140		26,699
2024		168,476		26,438
2025		166,454		26,120
2026 and thereafter		493,632		77,461

Total		1,169,767		183,562

Goodwill

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

10.

GOODWILL

The changes in the carrying amount of goodwill were as follows:


	RMB
Balance as of December 31, 2020		—
Goodwill acquired in business combinations (Note 4)		4,625,115

Balance as of December 31, 2021		4,625,115

Balance as of December 31, 2021, in US$		725,781

RMB3,669,031

(US$575,751)

of goodwill was allocated to the Cloud service and solutions reporting unit and

RMB956,084

(US$150,030)

of goodwill was allocated to the Cloud-based digital solution and services reporting unit.

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

11.

LEASES

The Group’s operating leases mainly related to office space and buildings. For leases with terms greater than 12 months, the Group records the related assets and lease liabilities at the present value of lease payments over the lease term. Certain leases include rental-free periods and rental escalation clause, which are factored into the Group’s determination of lease payments when appropriate. As of December 31, 2020 and 2021, the Group had no finance leases.

As of December 31, 2020 and 2021, the weighted average remaining lease term was 9.7 years and 8.3 years and

the

weighted average discount rate was 6.36% and 6.18% for the Group’s operating leases, respectively.

For the year

ended December 31, 2020 and 2021, operating lease cost recognized in profit or loss was RMB52,890 and RMB65,641 (US$10,301), respectively, which excluded cost of short-term contracts. Short-term lease cost for the year

ended December 31, 2020 and 2021 was RMB3,036 and RMB11,317 (US$1,776

), respectively

The undiscounted future minimum payments under the Group’s operating lease liabilities and reconciliation to the operating lease liabilities recognized on the consolidated balance sheets

were

as below:


	RMB			US$
2022		110,472			17,335
2023		59,238			9,296
2024		50,526			7,929
2025		29,347			4,605
2026 and thereafter		72,078			11,311

Total future lease payments		321,661			50,476
Less: imputed interest		(54,782	)		(8,597	)

Total lease liability balance		266,879			41,879

Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

12.	ACCRUED EXPENSES AND OTHER LIABILITIES


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Current portion:
Customer advances*		191,357		378,957		59,467
Salary and welfare payable		117,506		600,775		94,275
Purchase of property and equipment		181,038		759,391		119,165
Accrued expenses		44,559		116,021		18,206
Other tax and surcharges payable		25,227		91,287		14,325
Deferred government grants		10,321		8,488		1,332
Purchase consideration payable**		—		148,038		23,230
Individual income tax payable*** (Note 7)		231,377		48,949		7,681
Others****		43,989		71,934		11,288

		845,374		2,223,840		348,969

Non-current portion:
Deferred government grants		7,020		6,975		1,095
Purchase consideration payable**		—		1,180,470		185,242
Others****		33,558		45,232		7,097

		40,578		1,232,677		193,434

*	The amount represents contract liabilities for the rendering of services. The increase in customer advances as compared to December 31, 2020 is a result of the increase in consideration received from the Group’s customers.

**	The amount represents the remaining purchase consideration to acquire Camelot. RMB148,038 (US$23,230) will be settled by April 30, 2022 and RMB1,180,470 (US$185,242) will be settled by June 30, 2023 . A total of RMB921,496 (US$144,603) will be settled by the Company’s ordinary shares.

***	Represents IIT payable to the tax bureau on behalf of certain employees related to their exercise and vesting of share-based awards.

****

In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB47,597) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2020 and 2021, RMB10,083 and RMB9,836 (US$1,543) were included in the current portion, and RMB33,558 and RMB22,989 (US$3,607) were included in the

non-current

portion of accrued expenses and other liabilities, respectively. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.

Bank Loans

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Bank Loans

13.	BANK LOANS


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Short-term bank loans		278,488		1,348,166		211,557
Long-term third-party bank loan guaranteed by a related party (Note 20):
Current portion		74,351		—		—

		352,839		1,348,166		211,557

The weighted average interest rate for the outstanding short-term bank loans as of December 31, 2020 and 2021 was 4.28% and

4.59

%, respectively.

There are no commitment fees and conditions under which lines may be withdrawn associated with the Group’s unused facilities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Taxation

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Taxation

14.

TAXATION

Enterprise income tax

Cayman Islands

Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains.

Hong Kong

The subsidiaries incorporated in Hong Kong are subject to income tax at the rate of 16.5% on the estimated assessable profits arising in Hong Kong. For the periods presented, the Group did not make any provisions for Hong Kong profit tax as the Group did not generate any assessable profits arising in Hong Kong at the end of each reporting period. Under the Hong Kong tax law, the subsidiaries in Hong Kong are exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends.

China

The Group’s PRC entities are subject to the statutory income tax rate of 25%, in accordance with the Enterprise Income Tax law (the “EIT Law”), which was effective since January 1, 2008. Certain subsidiaries of the Group being qualified as a High New Technology Enterprise (‘‘HNTE’’) are entitled to the preferential income tax rate of 15%. Dividends, interests, rent or royalties payable by the Group’s PRC entities to

non-PRC

resident enterprises, and proceeds from any such

non-resident

enterprise investor’s disposition of assets (after deducting the net value of such assets) shall be subject to 10% EIT, namely withholding tax, unless the respective

non-PRC

resident enterprise’s jurisdiction of incorporation has a tax treaty or arrangements with China that provides for a reduced withholding tax rate or an exemption from withholding tax.

Loss before income taxes consists of:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
PRC		(1,167,367	)		(1,095,015	)		(1,646,607	)		(258,388	)
Non-PRC		65,171			147,721			70,592			11,077

		(1,102,196	)		(947,294	)		(1,576,015	)		(247,311	)

The current and deferred components of income tax expense appearing in the consolidated statements of comprehensive loss are as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Current income tax expense		9,180			15,081			27,593			4,330
Deferred income tax benefit		(177	)		(177	)		(11,852	)		(1,860	)

		9,003			14,904			15,741			2,470

The reconciliation of income tax expense computed using the PRC statutory tax rate to the actual income tax expense is as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Loss before income tax		(1,102,196	)		(947,294	)		(1,576,015	)		(247,311	)
Income tax computed at the PRC statutory tax rate of 25%		(275,549	)		(236,824	)		(394,004	)		(61,828	)
Effect of tax holiday and preferential tax rates		11,493			(44,121	)		7,083			1,111
Effect of different tax rates in different jurisdictions		(11,626	)		10,580			(1,681	)		(264	)
Other non-taxable income		(21,557	)		(35,454	)		(24,999	)		(3,923	)
Non-deductible expenses		64,095			14,060			36,719			5,762
Share-based compensation costs		30,320			82,528			108,588			17,040
Research and development super deduction		(94,401	)		(113,388	)		(146,639	)		(23,011	)
Withholding tax and others		9,180			11,581			9,552			1,499
Change in valuation allowance		259,031			399,756			434,056			68,113
True-up adjustments in respect of prior year’s annual tax filing		—			(83,342	)		(3,474	)		(545	)
Tax rate change on deferred items		38,017			9,528			(9,460	)		(1,484	)

Income tax expense		9,003			14,904			15,741			2,470

Deferred tax

The significant components of the Group’s deferred tax assets and liabilities are as follows:


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Deferred tax assets:
Tax loss carried forward		1,454,702			1,841,192			288,923
Accrued expenses		56,111			235,737			36,992
Depreciation		4,990			7,082			1,111
Allowance for doubtful accounts		3,156			53,436			8,385
Government grant		6,175			4,266			669
Operating lease liabilities		56,706			63,781			10,009
Accrued interest		66,609			170,337			26,730
Others		—			2,737			430
Less: valuation allowance		(1,401,416	)		(1,881,873	)		(295,307	)

		247,033			496,695			77,942

Deferred tax liabilities:
Operating lease right-of-use assets		54,658			57,300			8,992
One-time deduction for fixed asset purchases		191,107			337,564			52,970
Long-lived assets arising from business acquisitions		29			277,267			43,509
Others		1,268			22,655			3,555

		247,062			694,786			109,026

The Group operates through several subsidiaries, VIEs and subsidiaries of VIEs and the valuation allowance is considered for each subsidiary, VIE and subsidiary of VIE on an individual basis. As of December 31, 2020 and 2021, the Group’s total deferred tax assets before valuation allowances were RMB1,648,449 and RMB2,378,568 (US$373,249), respectively. As of December 31, 2020 and 2021, the Group recorded valuation allowances of RMB1,401,416 and RMB1,881,873 (US$295,307), respectively, on its deferred tax assets that are sufficient to reduce the deferred tax assets to the amounts that

are more-likely-than-not to

be realized. In making such determination, the Group evaluates a variety of factors including the Group’s operating history, accumulated deficit, existence of taxable temporary differences and reversal periods.

As of December 31, 2021, the Group had net losses of approximately RMB7,485,149 (US$1,174,583)

mainly deriving from entities in the PRC and Hong Kong. The tax losses in the PRC can be carried forward for five years to offset future taxable profit and the period was extended to ten years for entities that qualify as HNTE. The tax losses of entities in the PRC will expire between 2022 and 2026 and the tax losses of entities in the PRC that qualify as HNTE will expire between 2022 and 2031, if not utilized. The tax losses in Hong Kong can be carried forward without an expiration date.

Unrecognized tax benefits

As of December 31, 2020 and 2021, the Group had unrecognized tax benefits of RMB

12,613

and RMB

59,049

(US$

9,266

)

of which RMB

12,613

and RMB

43,095

(US$

6,762

), respectively, were deducted against the deferred tax assets on tax losses carr

ied

forward, and the remaining amounts of

RMB

nil

and RMB

15,954

(US$

2,504

), respectively

were presented in other liabilities in the consolidated balance sheets. The Group’s unrecognized tax benefits for the years ended December 31, 2020 and 2021 were primarily related to the

tax-deduction

of accrued interest expenses and profit before tax differences. It is possible that the amount of unrecognized benefits will change in the next 12 months; however, an estimate of the range of the possible change cannot be made at this moment.

As of December 31, 2020 and 2021, there are

RMB

nil

and RMB

15,954

(US$

2,504

)

of unrecognized tax benefits that if recognized would impact the annual effective tax rate, respectively. A reconciliation of the beginning and ending balances of unrecognized tax benefit is as follows:


	2020		2021		2021
	RMB		RMB		US$

Balance at beginning of the year		—		12,613		1,979
Additions from the business acquisitions		—		19,551		3,068
Additions based on tax positions related to current year		12,613		26,885		4,219

Balance at end of the year		12,613		59,049		9,266

For

the periods presented, the

Group did

t record any

penalties

related to unrecognized tax benefits.

In general, the tax authorities have three to five years to conduct examinations of the tax filings of the Group’s subsidiaries. Accordingly, the subsidiaries’ tax years of 2018 through 2021 remain open to examination by the respective tax authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Convertible Preferred Shares and Redeemable Convertible Preferred Shares

12 Months Ended

Dec. 31, 2021

Convertible Preferred Stock And Redeemable Convertible Preferred Stock [Abstract]

Convertible Preferred Shares and Redeemable Convertible Preferred Shares

15.	CONVERTIBLE PREFERRED SHARES AND REDEEMABLE CONVERTIBLE PREFERRED SHARES

As of January 1, 2020, several investors held in aggregate

458,116,000

f Series A convertible preferred shares (“Series A Preferred Shares”),

153,603,600

Series B convertible preferred shares (“Series B Preferred Shares”),

185,665,192

f Series C redeemable convertible preferred shares (“Series C Preferred Shares”),

842,738,782

of redeemable convertible preferred shares (“Series D Preferred Shares”) and

55,089,998

of Series D+ redeemable convertible preferred shares (the “Series D+ Preferred Shares”). On January 8, 2020, the Company received cash consideration of US$

20,000

in exchange for issuing

22,035,999

Series D+ redeemable convertible preferred shares (the “Series D+ Preferred Shares”) (collectively, the “Preferred Shares”).

Prior

to the Company’s IPO, the Series A Preferred Shares were classified as permanent equity because they were not redeemable and the holders of the Series A Preferred Shares were entitled to receive the same form of consideration in the event of liquidation, dissolution or winding up of the Company, either voluntary or involuntary, or any deemed liquidation event as defined in the Company’s articles of association (“Liquidation Transaction”) as holders of equally and more subordinated equity instruments, specifically, the ordinary shareholders. The Series B Preferred Shares were classified as mezzanine equity as they may be redeemed upon the occurrence of conditional events such as a Liquidation Transaction and Kingsoft Corporation Limited’s voluntary refusal to approve the Series B Qualified IPO proposal. The Series C, Series D and Series D+ Preferred Shares were classified as mezzanine equity as they may be redeemed at the option of the holders on or after an agreed upon date outside the sole control of the Company.

The Company chose to recognize changes in the redemption value as they occur and adjusted the carrying amount of the Series C, Series D and Series D+ Preferred Shares to equal the redemption value at the end of each reporting period.

Upon completion of the Company’s IPO on May 8, 2020, all the Preferred Shares were converted on a

one-for-one

basis into ordinary shares (Note 19).

Share-based Payments

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payments

16.	SHARE-BASED PAYMENTS

The Company has three share-based compensation plans under which awards may be granted to employees, namely, the Share Option Scheme

the 2013 Share Award Scheme and the 2021 Share Award Scheme. The maximum aggregate number of ordinary shares that are authorized to be issued under the Share Option Scheme, 2013 Share Award Scheme and 2021 Share Award Scheme is 209,750,000, 215,376,304 and 209,216,310, respectively. These plans have a contractual term of ten years. The share-based awards are accounted for as equity awards and generally vest over a period from two to five years.

Share Option Scheme

A summary of the activity under the Share Option Scheme is stated below:


	Number of options			Weighted- average exercise price		Weighted- average grant-date fair value		Weighted- average remaining contractual term		Aggregate intrinsic value
				US$		US$		Years		US$
Outstanding, December 31, 2020		86,759,375			0.07		0.54		7.12		2.83
Granted		12,292,710			0.07		2.80
Forfeited		(7,384,942	)		0.07		1.38
Exercised		(29,906,941	)		0.07		0.71

Outstanding, December 31, 2021		61,760,202			0.07		0.87		6.61		0.98

Vested and expected to vest at December 31, 2021		61,760,202			0.07		0.87		6.61		0.98

Exercisable at December 31, 2021		28,437,976			0.07		0.46		5.22		0.98

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share as of December 31, 2021 and the option’s respective exercise price. Total intrinsic value of options exercised for the years ended December 31, 2019, 2020 and 2021 were RMB308,665, RMB906,120 and RMB79,224 (US$12,432), respectively.

The total weighted average grant-date fair value of the share-based awards granted during the years ended December 31, 2019, 2020 and 2021 were US$0.65, US$1.16 and US$2.80 per option, respectively. The aggregate fair value of the share-based awards vested during the years ended December 31, 2019, 2020 and 2021 were RMB36,060, RMB44,135 and RMB51,892 (US$8,143), respectively.

As of December 31, 2021, there was RMB119,582 (US$18,765) of total unrecognized employee share-based compensation expenses, related to unvested share-based awards, which are expected to be recognized over a weighted-average period of 1.41 years. Total unrecognized compensation cost may be adjusted for actual forfeitures occurring in the future.

2013 Share Award Scheme

A summary of the activity for the restricted shares issued under the Share Award Scheme is stated below:


	Number of shares			Weighted-average grant date fair value
				US$
Outstanding, December 31, 2020		53,602,560			0.76
Granted		29,076,828			2.04
Vested		(19,020,640	)		0.71
Forfeited		(5,671,482	)		1.61

Outstanding, December 31, 2021		57,987,266			1.32

Expected to vest at December 31, 2021		57,987,266			1.32

The total weighted average grant-date fair value of the share-based awards granted during the years ended December 31, 2019, 2020 and 2021 were US$0.74, US$0.78 and US$2.04 per share, respectively. The aggregate fair value of the share-based awards vested during the years ended December 31, 2019, 2020 and 2021 were RMB19,580, RMB91,683 and RMB90,121 (US$14,142

)

, respectively.

As of December 31, 2021, there was RMB315,641 (US$49,531) of total unrecognized share-based compensation expenses related to unvested share-based awards which are expected to be recognized over a weighted-average period of 1.86 years. The fair value of the restricted shares is the fair value of the Company’s ordinary shares at their respective grant dates, which was determined with the assistance of an independent third party valuer prior to the completion of the IPO and based on the price of the Company’s publicly traded shares after completion of the IPO. Total unrecognized compensation cost may be adjusted for actual forfeitures occurring in the future.

A summary of the activity for the options issued under the Share Award Scheme is stated below:


	Number of options			Weighted- average exercise price		Weighted- average grant- date fair value		Weighted- average remaining contractual term		Aggregate intrinsic value
				US$		US$		Years		US$
Outstanding, December 31, 2020		37,191,840			0.82		0.31		9.00		2.09
Exercised		(8,081,820	)		0.64		0.33
Forfeited		(1,241,600	)		0.87		0.30

Outstanding, December 31, 2021		27,868,420			0.83		0.31		7.99		0.22

Vested and expected to vest at December 31, 2021		27,868,420			0.83		0.31		7.99		0.22

Exercisable at December 31, 2021		12,566,340			0.80		0.30		8.00		0.25

No option was exercised during the year ended December

1, 2019.

Total intrinsic value of options exercised for the year

ended December 31, 2020 and 2021 were RMB3,230 and RMB1,561 (US

245), respectively.

The total weighted average grant-date fair value of the share-based awards granted during the years ended December 31, 2019, 2020 and 2021 were US$0.30, US$0.31 and US$0.31 per option, respectively. The aggregate fair value of the share-based awards vested during the years ended December 31, 2019, 2020 and 2021 were RMB nil, RMB15,981 and RMB16,192 (US$2,541), respectively.

As of December 31, 2021, there was RMB12,898 (US$2,024) of total unrecognized employee share-based compensation expenses, related to unvested share-based awards, which are expected to be recognized over a weighted-average period of 1.16 years. Total unrecognized compensation cost may be adjusted for actual forfeitures occurring in the future.

2021 Share Award Scheme

In November 2021, the Company adopted

the

2021 Share Award Scheme. As of December 31, 2021, there

was

no award granted under the 2021 Share Award Scheme.

Others

In connection with the acquisition of Shenzhen Yunfan, the Company

granted 11,684,432

restricted shares to certain employees that contain 1-3 years service vesting condition. As of December 31, 2021

, 2,278,360

of restricted shares were vested,

and

there was

RMB101,871 (US$15,986) of total unrecognized share-based compensation expenses related to these unvested share-based awards that will be recognized over approximately 2 years.

Fair value of share options

The fair value of share options was determined using the binomial tree model, with the assistance from an independent third-party valuation firm. The binomial model requires the input of highly subjective assumptions, including the expected share price volatility and the exercise multiple. For expected volatility, the Company has made reference to historical volatility of several comparable companies. The exercise multiple was estimated as the average ratio of the stock price to the exercise price of when employees would decide to voluntarily exercise their vested options. As the Company did not have sufficient information of past employee exercise history, it has considered the statistics on exercise patterns of employees compiled by Huddart and Lang in Huddart, S., and M. Lang. 1996. “Employee Stock Option Exercises: An Empirical Analysis.” Journal of Accounting and Economics, vol. 21, no. 1

(February):5-43,

which are widely adopted by valuers as authoritative guidance on expected exercise multiples. For the employee exit rate, which represents the annual turnover rate of employees leaving services, the Group uses the historical employee exiting data to have an estimate of that input. The risk-free rate for the period within the contractual life of the options is based on the market yield of U.S. Treasury Bonds in effect at the time of grant. Prior to the completion of the IPO, the estimated fair values of the ordinary shares, at the option grant dates, was determined with the assistance from an independent third-party valuation firm. The Company’s management is ultimately responsible for the determination of the estimated fair value of its ordinary shares. Subsequent to the completion of the IPO, fair value of the ordinary shares is the price of the Company’s publicly traded shares.

The estimated fair values of the ordinary shares, at the share award grant dates, was determined with the assistance from an independent third-party valuation firm. The assumptions used to estimate the fair value of the share options granted are as follows:


	For the year ended December 31
	2019	2020	2021
Risk-free rate	1.58%-1.80%	0.66%-1.84%	1.13%-1.62%
Expected volatility range	37.40%-37.90%	37.3%-37.8%	36.28%-38.03%
Exercise multiple	2.20-2.80	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$0.72-US$0.76	US$0.76-US$1.94	US$1.97-US$3.49

Share-based awards of Camelot

Camelot subsidiary also has an equity incentive plan granting share-based awards that contain 3 year service vesting condition

(the “Camelot Award”). The portion the acquisition-date fair-value-based measure of the Camelot Award that was attributable to precombination service was recognized as

non-controlling

interest and the portion relating to any remaining postcombination service was recognized as share based compensation

expenses in the Group’s consolidated financial statements.

December 31, 2021

, there was RMB

95,165

(US$

14,933

) of total unreco

gni

zed share-based compensation expenses related to these unvested share-based awards that will be recognized over approximately

1.67

year

The acquisition date fair value of each Camelot award is estimated on the date of modification using the binomial tree option pricing model with the following assumptions:


	2021
Risk-free rate		0.21	%
Expected volatility range		50.56	%
Exercise multiple		2.20
Fair market value per Camelot’s ordinary share		RMB23.00

The following table sets forth the amount of share-based compensation expense included in each of the relevant financial statement line items:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Cost of revenues		8,509		10,614		17,481		2,743
Selling and marketing expenses		37,808		62,270		72,594		11,392
General and administrative expenses		31,988		169,101		193,886		30,425
Research and development expenses		42,974		88,129		150,389		23,599

		121,279		330,114		434,350		68,159

Restricted Net Assets

12 Months Ended

Dec. 31, 2021

Other Restricted Assets [Abstract]

Restricted Net Assets

17.	RESTRICTED NET ASSETS

The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Group’s PRC subsidiaries only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries.

In accordance with the Regulations on Enterprises with Foreign Investment of China and its Articles of Association, the Company’s PRC subsidiaries, being a foreign-invested enterprise established in the PRC, are required to provide certain statutory reserves, namely the general reserve fund, enterprise expansion fund and staff welfare and bonus fund, all of which are appropriated from net profit as reported in its PRC statutory accounts. The Company’s PRC subsidiaries are required to allocate at least 10% of its annual

after-tax

profit to the general reserve fund until such fund has reached 50% of its registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the Board of Directors of the PRC subsidiaries. These reserves can only be used for specific purposes and are not transferable to the Company in the form of loans, advances, or cash dividends.

In accordance with the PRC Company Laws, the Company’s PRC subsidiaries and the VIEs must make appropriations from their annual

after-tax

profits as reported in their PRC statutory accounts to

non-distributable

reserve funds, namely statutory surplus fund, statutory public welfare fund and discretionary surplus fund. The VIEs

are

required to allocate at least 10% of their

after-tax

profits to the statutory surplus fund until such fund has reached 50% of their respective registered capital. Appropriation to discretionary surplus is made at the discretion of the Board of Directors of the VIEs. These reserves can only be used for specific purposes and are not transferable to the Company in the form of loans, advances, or cash dividends.

Under PRC laws and regulations, there are restrictions on the Company’s PRC subsidiaries and the VIEs with respect to transferring certain of their net assets to the Company either in the form of dividends, loans, or advances. Amounts of net assets restricted include paid in capital and statutory reserve funds of the Company’s PRC subsidiaries and the net assets of the VIEs and VIEs’ subsidiaries in which the Company has no legal ownership, totaling RMB3,438,575

(

US$539,587

)

as of December 31, 2021; therefore, in accordance with Rules 504 and 4.08(e)(3) of Regulation

S-X,

the condensed parent company only financial statements as of December 31, 2020 and 2021 and for each of the three years in the period ended December 31, 2021 are disclosed in Note 24.

Furthermore, cash transfers from the Company’s PRC subsidiaries to its subsidiaries outside of China are subject to PRC government control of currency conversion. Shortages in the availability of foreign currency may restrict the ability of the PRC subsidiaries and consolidated VIEs to remit sufficient foreign currency to pay dividends or other payments to the Company, or otherwise satisfy their foreign currency denominated obligations.

Loss Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Loss Per Share

18.	LOSS PER SHARE

Basic and diluted loss per share for each of the years presented are calculated as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Numerator:
Net loss attributable to Kingsoft Cloud Holdings Limited		(1,111,199	)		(962,259	)		(1,588,712	)		(249,303	)
Accretion to redemption value of redeemable convertible preferred shares		(49,725	)		(19,768	)		—			—

Net loss attributable to ordinary shareholders - basic and diluted		(1,160,924	)		(982,027	)		(1,588,712	)		(249,303	)

Denominator:
Weighted average number of ordinary shares outstanding - basic and diluted		889,521,200			2,400,874,197			3,441,729,444			3,441,729,444

Basic and diluted loss per share		(1.31	)		(0.41	)		(0.46	)		(0.07	)

For the periods presented herein, the computation of basic loss per share using the

two-class

method is not applicable as the Group is in a net loss position and the participating securities do not have contractual rights and obligations to share in the losses of the Group. The effects of all outstanding Preferred Shares, options, and awarded shares were excluded from the computation of diluted loss per share for the periods presented as their effects would be anti-dilutive.

Shareholders' Equity

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Shareholders' Equity

19.	SHAREHOLDERS’ EQUITY

In February 2020, the Company entered into an arrangement to allow the senior executives to settle its due on demand interest bearing loans (“Settlement Arrangement”). Under the terms of the Settlement Arrangement, the Company will repurchase ordinary shares already issued to the executives for a cashless settlement of the outstanding loan amount including interest and related IIT. The number of ordinary shares to be repurchased is calculated by dividing the outstanding amount on settlement date by US$0.70 per share, which is below the estimated fair value per ordinary share of US$0.76 determined by the Company with the assistance of an independent appraiser. Therefore, there is no compensation expense to be recorded as a result of this repurchase. On February 29, 2020, the Company repurchased 5,475,254 ordinary shares at nil consideration from these senior executives in lieu of full settlement of the outstanding amount.

On April 7, 2020, the Company’s shareholders and Board of Directors approved to increase the Company’s authorized share capital to US$4,000 divided into 4,000,000,000 shares with a par value of US$0.001 each, consisting of (i) 2,282,750,429 ordinary shares (ii) 458,116,000 Series A Preferred Shares, (iii) 153,603,600 Series B Preferred Shares, (iv) 185,665,192 Series C Preferred Shares, (v) 842,738,782 Series D Preferred Shares, and (vi) 77,125,997 Series D+ Preferred Shares, respectively, which will become effective immediately prior to the completion of the Company’s IPO. All of the Preferred Shares issued and outstanding immediately prior to the completion of the IPO will be converted (by way of

re-designation

and

re-classification)

into ordinary shares on a one for one basis. Each ordinary share entitles the holder thereof to one vote per share on all matters subject to vote at general meetings of the Company.

On May 8, 2020, the Company completed its IPO on the NASDAQ Global Select Market. 30,000,000 ADS representing 450,000,000 ordinary shares were sold at $17.00 per ADS, or $1.13 per share. Additionally, the underwriters exercised their options to purchase an additional 67,500,000 ordinary shares in the form of 4,500,000 ADSs. Net proceeds from the IPO including underwriter options after deducting underwriting discount and offering expenses were approximately RMB3,875,394. The deferred IPO costs were recorded as a reduction of the proceeds received from the IPO in the shareholders’ (deficit) equity.

Upon completion of the IPO, all outstanding Preferred Shares were converted on a

one-for-one

basis into 1,717,249,571 ordinary shares.

On September 23, 2020, the Company completed its

follow-on

offering on the NASDAQ Global Select Market. 8,000,000 ADS representing 120,000,000 ordinary shares were sold at $31.00 per ADS, or $2.07 per share. Additionally, the underwriters exercised their options to purchase an additional 18,750,000 ordinary shares in the form of 1,250,000 ADSs. Net proceeds from the

follow-on

offering including underwriter options after deducting underwriting discount and offering expenses were approximately RMB1,881,233

The offering costs were recorded as a reduction of the proceeds received from the

follow-on

offering in the shareholders’ (deficit) equity.

On September 3, 2021,

the Company issued

247,475,446

ordinary shares in connection with the acquisition of Camelot.

On December 17, 2021, the Company’s shareholders and Board of Directors approved to increase the Company’s authorized share capital to US$40,000 divided into 40,000,000,000 ordinary shares with a par value of US$0.001 each.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Related Party Transactions

12 Months Ended

Dec. 31, 2021

Related Party Transactions

20.	RELATED PARTY TRANSACTIONS

a)	Related Parties


Name of related parties		Relationship with the Group
Kingsoft Corporation Limited and its subsidiaries (other than all of entities of the Group) (“Kingsoft Group”)		Principal shareholder of the Company

Cheetah Mobile Inc. and its subsidiaries (“Cheetah Group”)		Entity that Kingsoft Corporation Limited exercises significant influence over

Xiaomi Corporation and its subsidiaries (“Xiaomi Group”)		Entity controlled by a director of the Company

The Company was controlled by Kingsoft before the completion of IPO. As Kingsoft lost control over the Company upon the completion of the IPO on May 8, 2020, Cheetah Group is no longer a related party of the Company.

b)	The Group had the following related party transactions:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Revenues:
Public cloud services provided to Xiaomi Group		570,431		655,165		749,597		117,628
Public cloud services provided to Kingsoft Group		109,177		119,011		156,158		24,505
Public cloud services provided to Cheetah Group		8,579		3,111		—		—
Enterprise cloud services provided to Xiaomi Group		—		—		22,857		3,587
Enterprise cloud services provided to Kingsoft Group		—		—		838		131
Other services provided to Xiaomi Group		120		82		—		—
Other services provided to Kingsoft Group		—		—		74		12

		688,307		777,369		929,524		145,863

Purchase of devices from Xiaomi Group		2,707		2,177		1,349		212
Interest expense on loan s due to Xiaomi Group		—		—		16,633		2,610
Interest expense on loan due to Kingsoft Group		4,925		—		4,088		641
Rental of building from Xiaomi Group*		9,578		47,900		56,452		8,859
Rental of office space, and administrative services from Kingsoft Group**		24,524		13,801		13,321		2,090

		41,734		63,878		91,843		14,412

The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2020 and 2021, the related operating lease

right-of-use

assets amounted to RMB243,585 and RMB210,551 (US$33,024) and operating lease liabilities amounted to RMB250,646 and RMB238,180 (US$37,356), respectively.

**	The Group entered into short-term agreements to lease office space from Kingsoft Group in 2019 . The agreements expired in December 2019. The amounts in 2020 and 2021 were administrative services from Kingsoft Group.

c)	The Group had the following related party balances at the end of the year:


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Amounts due from related parties:
Xiaomi Group		165,568		175,170		27,488
Kingsoft Group		45,258		37,731		5,921

		210,826		212,901		33,409

Amounts due to related parties:
Kingsoft Group*		80,294		544,376		85,425
Xiaomi Group**		32,704		764,941		120,036

		112,998		1,309,317		205,461

*	During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,461) bearing a fixed annual interest rate of 4.65%. The loan will be repaid in November 2022.

During 2021, the Group entered into several loan agreements with a weighted average interest rate of

4.36%

with Xiaomi Group which are

secured by the Group’s electronic equipment. As of December 31, 2021, the current portion and non-current portion of the loans was

RMB236,206 (US$37,066) and RMB472,882 (US$74,206)

respectively.

Under the terms of the agreements, the Group will repay in fixed

quarterly installments over 3 years

according to the following schedule:


	2021		2021
	RMB		US$
2022		236,206		37,066
2023		241,168		37,845
2024		231,714		36,361

		709,088		111,272

All the balances with related parties except for the loans from Xiaomi Group were unsecured. All outstanding balances except for loans from Xiaomi Group and Kingsoft Group are repayable on demand unless otherwise disclosed. The effect of adopting ASC 326 to due from related parties was immaterial.

Commitments and contingencies

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

21.	COMMITMENTS AND CONTINGENCIES

Capital expenditure commitments

The Group has commitments for the construction of a data center of RMB46,391 (US$7,280) at December 31, 2021, which are scheduled to be paid within one year.

Contingencies

The Group is currently not involved in any legal or administrative proceedings that may have a material adverse impact on the Group’s business, financial position or results of operations.

Accumulated Other Comprehensive Income (loss)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

22.	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)


	RMB
Balance as of January 1, 2020		484,348
Foreign currency translation adjustments, net of tax of nil		(552,788	)

Balance as of December 31, 2020		(68,440	)
Foreign currency translation adjustments, net of tax of nil		(139,442	)

Balance as of December 31, 2021		(207,882	)

Balance as of December 31, 2021, in US$		(32,621	)

There have been no reclassifications out of accumulated other comprehensive income (loss) to net loss for the periods presented.

Subsequent Events

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Subsequent Events

23.	SUBSEQUENT EVENTS

In March 2022, the Company

was authorized to adopt

a share repurchase program under which the Company may repurchase up to US$100,000 of its ordinary shares in the form of ADSs during a twelve-month period.

As of the date of this annual report, this repurchase program has not been adopted and no shares have been repurchased.

Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2021

Parent Company [Abstract]

Condensed Financial Information of the Parent Company

24.	CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Condensed Balance Sheets


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents		68,012			69,393			10,889
Short-term investments		217,448			1,029,472			161,547
Prepayments and other assets		266,280			53,618			8,414
Amounts due from subsidiaries		7,983,060			5,508,311			864,374

Total current assets		8,534,800			6,660,794			1,045,224

Non-current assets:
Investments in subsidiaries		—			5,328,424			836,146

Total non-current assets		—			5,328,424			836,146

Total assets		8,534,800			11,989,218			1,881,370

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accrued expenses and other liabilities		256,630			182,075			28,572
Income tax payable		2,524			3,307			519
Amounts due to subsidiaries		1,692			4,846			760
Amounts due to related parties		407			829			130

Total current liabilities		261,253			191,057			29,981

Other liabilities		33,558			1,194,212			187,398

Total non-current liabilities		33,558			1,194,212			187,398

Total liabilities		294,811			1,385,269			217,379

Commitments and contingencies
Shareholders’ equity:
Ordinary shares (par value of US$0.001 per share; 4,000,000,000 and 40,000,000,000 shares authorized, 3,546,124,955 and 3,805,284,810 shares issued, 3,339,618,633 and 3,646,381,840 shares outstanding as of December 31, 2020 and 2021, respectively)		22,801			24,782			3,889
Additional paid-in capital		14,149,984			18,245,801			2,863,164
Accumulated deficit		(5,864,356	)		(7,458,752	)		(1,170,441	)
Accumulated other comprehensive loss		(68,440	)		(207,882	)		(32,621	)

Total Kingsoft Cloud Holdings Limited shareholders’ equity		8,239,989			10,603,949			1,663,991

Total liabilities and shareholders’ equity		8,534,800			11,989,218			1,881,370

Condensed Statements of Comprehensive Loss


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Operating expenses:
General and administrative expenses		(6,734	)		(27,052	)		(40,913	)		(6,420	)

Total operating expenses		(6,734	)		(27,052	)		(40,913	)		(6,420	)

Operating loss
Interest income		52,829			10,199			15,224			2,389
Foreign exchange (loss) gain		(8,174	)		30,931			10,198			1,601
Other (expenses) income, net		(300	)		5,377			9,889			1,552
Share of losses of subsidiaries and the VIEs		(1,145,405	)		(981,093	)		(1,582,142	)		(248,273	)

Loss before income taxes		(1,107,784	)		(961,638	)		(1,587,744	)		(249,151	)
Income tax expense		(3,415	)		(621	)		(968	)		(152	)

Net loss		(1,111,199	)		(962,259	)		(1,588,712	)		(249,303	)
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments		64,598			(552,788	)		(139,442	)		(21,881	)

Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders		(1,046,601	)		(1,515,047	)		(1,728,154	)		(271,184	)
Accretion to redemption value of redeemable convertible preferred shares		(49,725	)		(19,768	)		—			—

Comprehensive loss attributable to ordinary shareholders		(1,096,326	)		(1,534,815	)		(1,728,154	)		(271,184	)

Condensed Statements of Cash Flows


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Net cash (used in) generated from operating activities		(2,538,479	)		(6,203,310	)		1,178,019			184,857
Net cash generated from (used in) investing activities		2,166,312			(218,674	)		(1,179,393	)		(185,072	)
Net cash generated from (used in) financing activities		370,294			5,945,666			(815	)		(128	)
Effect of exchange rate changes on cash and cash equivalents		10,921			3,969			3,570			559

Net increase (decrease) in cash and cash equivalents		9,048			(472,349	)		1,381			216
Cash and cash equivalents at beginning of the year		531,313			540,361			68,012			10,673

Cash and cash equivalents at end of the year		540,361			68,012			69,393			10,889

Basis of presentation

For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries and the VIEs under the equity method of accounting as prescribed in ASC 323,

Investments—Equity Method and Joint Ventures

. Such investments are presented on the condensed balance sheets as “investments in subsidiaries” and the subsidiaries’ and the VIEs’ losses as “share of losses of subsidiaries and the VIEs” on the condensed statements of comprehensive loss. Under the equity method of accounting, the Company adjusted the carrying amount of “investments in subsidiaries” for its share of the subsidiaries’ and the VIEs’ cumulative losses until the investment balance reaches zero and did not provide for additional losses unless the Company has guaranteed obligations of the subsidiaries’ and the VIEs’ or is otherwise committed to provide further financial support.

The subsidiaries did not pay any dividends to the Company for the periods presented.

The Company does not have significant commitments or long-term obligations as of the period end.

The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of presentation

The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”).

Principles of consolidation

Use of estimates

right-of-use

Foreign currency

ollars (“HK$”), respectively.

Transactions denominated in foreign currencies are

re-measured

into the functional currency at the exchange rates prevailing on the transaction dates. Monetary assets and liabilities denominated in foreign currencies are

re-measured

at the exchange rates prevailing at the balance sheet date.

Non-monetary

items that are measured in terms of historical cost in foreign currency are

re-measured

Convenience translation

Cash and cash equivalents

Restricted cash

Short-term investments

The Group’s short-term investments comprise primarily of cash deposits at fixed rates with original maturities of greater than three months, but less than 12 months.

Non-controlling interests

A non-controlling interest

to non-controlling interests.

The cumulative results of operations attributable

to non-controlling interests

are recorded

as “non-controlling interests”

in the Group’s consolidated balance sheets.

Business combinations

The Group accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805,

Business Combinations

Update (“ASU”) No. 2021-08,

Business Combinations (Topic 805)

Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

(“ASU

2021-08”)

Equity investments

in-substance

Fair Value Measurements and Disclosures

any

As of December 31, 2020 and 2021, the carrying amount

of the Group’s equity investments measured using the measurement alternative

were

RMB126,583 and RMB207,166 (US$32,509), respectively,

including

accumulated impairment of RMB nil and RMB nil (US$ nil),

and

accumulated upward

adjustment of RMB

14,301

and

RMB96,793 (US$15,189

), respectively.

The Group recognized RMB

14,301

and RMB

82,492

(US$

12,945)

unrealized gains (upward adjustments), and RMB

nil

and RMB

nil

(US$

nil

)

unrealized losses (downward adjustments) resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer in other gain

, net

on the consolidated statements of comprehensive loss for

the

years ended December

2020

and

2021

, respectively

In 2021, the Group: i) acquired equity interest of

a company engaged in providing technology services

with a cash consideration of RMB52,493 (US$8,237)

;

and

ii)

disposed

equity interests in certain equity investees and recognized a disposal gain

of RMB10,363 (US$1,626) in “Other gain

, net

”.

Fair value measurements

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

Level 3—Unobservable inputs which are supported by little or no market activity.

ASC

urrently

be required to replace an asset.

Adoption of ASC 326

On January 1, 2021, the Group adopted ASC 326,

Credit Losses

Accounts receivable and contract assets, net

Property and equipment, net

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category	Estimated Useful Life
Electronic equipment		3–4 years
Office equipment and fixtures		5 years
Data center machinery and equipment		10 years
Building		50 years

Repair and maintenance costs are charged to expense

Intangible assets


Category	Estimated Useful Life
Customer relationships		6 years
Patents and technologies		6-10 years
Trademarks and domain names		10 years
Software and copyrights		3–10 years
Others		3 years

lives

Impairment of long-lived assets

gross

margin. For all periods presented, there was no impairment of any of the Group’s long-lived assets.

Segment reporting

In accordance with ASC

280-10,

Segment Reporting: Overall

Goodwill

The Group assesses goodwill for impairment in accordance with ASC

350-20,

Intangibles—Goodwill and Other: Goodwill

(“ASC

350-20”),

350-20.

more-likely-than-not

that the fair value of the reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The Group adopted

ASU No.

2017-04,

Simplifying the Test for Goodwill Impairment

(“ASU 2017-04”), on a prospective basis on January 1, 2021, and compares the fair value of the reporting unit with its carrying amount, including goodwill. ASU

2017-04

Revenue recognition

The Group applies the five-step model outlined in ASC 606,

Revenue from Contracts with Customers

606-10-32-2A,

Public cloud services

Enterprise cloud services

two-way

was

immaterial.

Cost of revenue

Research and development

Advertising expenditures

Government grants

non-operating

nature and with no further conditions to be met are recorded as

non-operating

Leases

The Group adopted ASU

No. 2016-02,

Leases (Topic 842)

The Group determines if an arrangement is a lease or contains a lease at lease inception. For operating leases, the Group recognizes a

right-of-use

Comprehensive loss

Comprehensive Income

Income taxes

The Group follows the liability method of accounting for income taxes in accordance with ASC 740,

Income Taxes

more-likely-than-not

non-current

Share-based compensation

The Group applies ASC 718,

Compensation—Stock Compensation

Loss per share

In accordance with ASC 260,

Earnings Per Share

(“ASC 260”), basic loss per share is computed by dividing

the

net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year using the

two-class

method. Under the

two-class

method is not applicable as the Company is in a net loss position and the participating securities do not have contractual rights and obligations to share in the losses of the Company.

if-converted

Employee benefit expenses

The Group recorded employee benefit expenses of RMB155,848, RMB126,784 and RMB310,126 (US$48,666) for the years ended December 31, 2019, 2020 and 2021, respectively.

Impact of COVID-19

Impact of

COVID-19

For the year

ended December 31, 2020 and 2021,

COVID-19

has had immaterial impact on the Group’s operations. There are still uncertainties of

COVID-19’s

COVID-19

Organization and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Disclosure Details of Principal Subsidiaries and Variable Interest Entities

As of December 31, 2021, the Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:

Name

Place of

establishment

Date of

establishment/

acquisition

Percentage of

equity

interest

attributable

to the

Company

Principal activities

Subsidiaries:

Kingsoft Cloud Corporation Limited

February 1, 2012

100

Cloud services

Kingsoft Cloud

(Tianjin) Technology Development
Co., Ltd

PRC

May 30, 2019

100

Cloud services

Wuhan Kingsoft Cloud Information Technology
Co., Ltd.

PRC

December 26, 2017

100

Cloud services

Beijing Kingsoft Cloud Technology Co., Ltd.
(“Beijing Kingsoft Cloud”)*

PRC

April 9, 2012

100

Research and development

Beijing Yunxiang Zhisheng Technology Co., Ltd.
(“Yunxiang Zhisheng”)*

PRC

December 15, 2015

100

Research and development

Camelot Technology

., L

(“Beijing
Camelot”)

PRC

September 3, 2021

82.15

Enterprise digital solutions and related services 

Variable interest entities:

Zhuhai Kingsoft Cloud Technology Co., Ltd.
(“Zhuhai Kingsoft Cloud”)

PRC

November 9, 2012

Nil

Investment holding

Kingsoft Cloud (Beijing) Information Technology
Co., Ltd. (“Kingsoft Cloud Information”)

PRC

April 13, 2018

Nil

Investment holding

Variable interest entities’ subsidiaries:

Beijing Kingsoft Cloud Network Technology Co.,
Ltd. (“Beijing Kingsoft Cloud Network
Technology”)

PRC

November 9, 2012

Nil

Cloud services

Beijing Jinxun Ruibo Network Technology Co.,
Ltd. (“Beijing Jinxun Ruibo”)

PRC

December 17, 2015

Nil

Cloud services

Nanjing Qianyi Shixun Information Technology
Co., Ltd.

PRC

March 31, 2016

Nil

Cloud services

*	Collectively , the “WFOE”

Schedule of Assets Liabilities Results of Variable Interest Entities


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		1,429,508		2,209,647		346,742
Restricted cash		—		89,704		14,077
Accounts receivable, net of allowance for credit losses of RMB 15,745 and RMB 30,082 (US$4,721) as of December 31, 2020 and 2021, respectively		2,258,313		3,170,860		497,577
Prepayments and other assets		630,121		907,350		142,383
Amounts due from related parties		204,275		184,137		28,895
Amounts due from subsidiaries of the Group		1,631,592		2,157,428		338,547

Total current assets		6,153,809		8,719,126		1,368,221

Non-current assets:
Property and equipment, net		1,727,620		2,157,093		338,495
Intangible assets, net		14,980		93,662		14,698
Prepayments and other assets		9,978		27,036		4,243
Goodwill		—		64,082		10,056
Equity investments		86,251		162,244		25,460
Amounts due from related parties		4,712		4,712		739
Operating lease right-of-use assets		210,338		184,908		29,016

Total non-current assets		2,053,879		2,693,737		422,707

Total assets		8,207,688		11,412,863		1,790,928

Current liabilities
Accounts payable		2,013,428		2,733,487		428,944
Accrued expenses and other liabilities		521,307		1,208,868		189,698
Short-term bank loans		278,488		1,348,166		211,557
Long-term bank loan, current portion		74,351		—		—
Income tax payable		45		1,026		161
Amounts due to related parties		56,795		797,731		125,181
Current operating lease liabilities		56,261		70,672		11,090
Amounts due to subsidiaries of the Group		903,879		1,597,946		250,753

Total current liabilities		3,904,554		7,757,896		1,217,384

Non-current liabilities
Deferred tax liabilities		29		—		—
Other liabilities		7,020		6,975		1,095
Non-current operating lease liabilities		146,012		121,057		18,996
Amounts due to related parties		—		472,882		74,206
Amounts due to subsidiaries of the Group		7,367,267		7,486,525		1,174,799

Total non-current liabilities		7,520,328		8,087,439		1,269,096

Total liabilities		11,424,882		15,845,335		2,486,480

Schedule of Operations and Cash Flows Results of Variable Interest Entities


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Revenues		3,882,352			6,377,158			7,972,143			1,251,003
Net loss		(970,344	)		(922,908	)		(1,556,904	)		(244,312	)
Net cash used in operating activities		(785,378	)		(833,479	)		(958,748	)		(150,448	)
Net cash used in investing activities		(836,981	)		(1,471,637	)		(843,586	)		(132,377	)
Net cash generated from financing activities		1,618,102			2,802,088			2,612,563			409,968

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Property Plant and Equipment Useful Lives

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category	Estimated Useful Life
Electronic equipment		3–4 years
Office equipment and fixtures		5 years
Data center machinery and equipment		10 years
Building		50 years

Schedule of Finite Lived Intangible Assets Useful Lives

The estimated useful lives for the intangible assets are as follows:


Category	Estimated Useful Life
Customer relationships		6 years
Patents and technologies		6-10 years
Trademarks and domain names		10 years
Software and copyrights		3–10 years
Others		3 years

Business Combination (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of fair value of assets acquired and liabilities assumed

The table below summarize

the estimated fair values of the assets acquired and liabilities assumed from Camelot as of the acquisition date:


	Camelot
	RMB			US$

Total fair value of purchase consideration		5,290,553			830,203
Less:
Cash and cash equivalents		618,439			97,047
Restricted cash		1,126			177
Accounts receivable and other assets		940,297			147,553
Property and equipment, net		12,224			1,918
Intangible assets:
Customer relationship		620,100			97,307
Trademarks		474,000			74,381
Copyrights		34,100			5,351
Deferred tax assets		59,060			9,268
Deferred tax liabilities		(268,490	)		(42,132	)
Accounts payable and other liabilities		(878,885	)		(137,916	)
Non-controlling interests		(882,451	)		(138,476	)

Goodwill		4,561,033			715,725

Revenues (Tables)

12 Months Ended

Dec. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

Summary of Disaggregation of Revenue

The following table presents the Group’s revenues from contracts with customers disaggregated by material revenue category:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Public cloud services recognized over time		3,458,843		5,166,851		6,159,085		966,495

Enterprise cloud services:
Recognized at a point in time		485,991		1,368,544		2,159,869		338,931
Recognized over time		317		4,145		737,948		115,800

		486,308		1,372,689		2,897,817		454,731

Others:
Recognized at a point in time		11,202		36,611		1,208		190
Recognized over time		—		1,156		2,674		419

		11,202		37,767		3,882		609

		3,956,353		6,577,307		9,060,784		1,421,835

Summary of Revenue, Remaining Performance Obligation


	RMB		US$
Within one year		27,852		4,371
More than one year		23,505		3,688

Total		51,357		8,059

Summary of Contract with Customer Liability Recognized


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Revenue recognized from amounts included in contract liabilities at the beginning of the period		22,782		37,550		112,221		17,610

Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2021

Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]

Schedule of Accounts Receivable, Net


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Accounts receivable		2,350,641			3,603,240			565,427
Allowance for credit losses		(15,770	)		(32,265	)		(5,063	)

Accounts receivable, net		2,334,871			3,570,975			560,364

Schedule of the Movement in the allowance for Doubtful Accounts

The movements of the allowance for credit losses were as follows:


	As at December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Balance at beginning of the year		2,249			22,894			15,770			2,475
Adoption of ASC 326*		—			—			5,684			892
Provision for expected credit losses		61,687			44,695			121,731			19,102
Write-offs charged against the allowance		(41,042	)		(44,096	)		(101,202	)		(15,881	)
Recoveries during the year		—			(7,723	)		(9,718	)		(1,525	)

Balance at end of the year		22,894			15,770			32,265			5,063

Starting from January 1, 2021, the Group adopted ASC 326, which amends previously issued

the

Prepayments and Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

Prepayments and Other Assets [Abstract]

Schedule of Prepayments and Other Assets


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Current portion:
Prepayments to suppliers		78,621		162,528		25,504
Contract costs*		13,882		145,628		22,852
Contract assets, net**		—		550,068		86,318
VAT prepayments		470,567		619,391		97,196
Interest receivable		14,204		21,463		3,368
Individual income tax receivable*** (Note 12)		231,377		48,949		7,681
Others		78,435		138,994		21,811

		887,086		1,687,021		264,730

Non-current portion:
Prepayments for electronic equipment		8,978		25,388		3,984
Others		2,846		3,678		577

		11,824		29,066		4,561

*	Represents costs incurred in advance of revenue recognition arising from direct and incremental cost s related to enterprise cloud services provided. Such contract costs are recognized as cost of revenue upon the recognition of the related revenues.

Represents the Group’s rights to consideration for work completed in relation to its services performed but not billed at the report date.

The increase in contract assets as compared to December 31, 2020 is a result of a business acquisition.

The allowance for credit losses on contract assets was RMB1,591 (US$250) as of December 31, 2021. The amounts charged to expenses for credit losses o

contract assets and write-offs charged against the allowance were RMB2,100 (US$330)

and RMB509 (US$80)

, respectively,

for the year ended December 31, 2021.

***	Represents amounts due from certain employees related to their individual income taxes (“IIT”) arising from exercise and vesting of share-based awards.

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Electronic equipment		4,164,384			5,123,149			803,934
Office equipment and fixtures		9,759			15,462			2,426
Data center machinery and equipment		135,068			144,328			22,648
Building		—			15,768			2,474
Construction in progress		5,454			147,817			23,196

		4,314,665			5,446,524			854,678
Less: accumulated depreciation		(2,357,875	)		(3,082,421	)		(483,699	)

Property and equipment, net		1,956,790			2,364,103			370,979

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Net


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Customer relationships		—			620,100			97,307
Patents and technologies		—			67,900			10,655
Trademarks and domain names		7,020			497,098			78,006
Software and copyrights		20,807			71,752			11,259
Others		7,469			3,637			571

		35,296			1,260,487			197,798

Less: accumulated amortization
Customer relationships		—			(32,637	)		(5,121	)
Patents and technologies		—			(8,138	)		(1,277	)
Trademarks and domain names		(3,035	)		(20,722	)		(3,252	)
Software and copyrights		(10,268	)		(26,692	)		(4,189	)
Others		(5,420	)		(2,531	)		(397	)

		(18,723	)		(90,720	)		(14,236	)

Intangible assets, net		16,573			1,169,767			183,562

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2021, estimated amortization expense of the existing intangible assets for each of the next five years and thereafter is as follows:


	RMB		US$
2022		171,065		26,844
2023		170,140		26,699
2024		168,476		26,438
2025		166,454		26,120
2026 and thereafter		493,632		77,461

Total		1,169,767		183,562

Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Carrying Value of Goodwill

The changes in the carrying amount of goodwill were as follows:


	RMB
Balance as of December 31, 2020		—
Goodwill acquired in business combinations (Note 4)		4,625,115

Balance as of December 31, 2021		4,625,115

Balance as of December 31, 2021, in US$		725,781

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Undiscounted Future Minimum Payments under the Group's Operating Lease Liabilities

The undiscounted future minimum payments under the Group’s operating lease liabilities and reconciliation to the operating lease liabilities recognized on the consolidated balance sheets

were

as below:


	RMB			US$
2022		110,472			17,335
2023		59,238			9,296
2024		50,526			7,929
2025		29,347			4,605
2026 and thereafter		72,078			11,311

Total future lease payments		321,661			50,476
Less: imputed interest		(54,782	)		(8,597	)

Total lease liability balance		266,879			41,879

Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Accrued Liabilities and Other Liabilities [Abstract]

Schedule of Accrued Expenses and Other Liabilities


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Current portion:
Customer advances*		191,357		378,957		59,467
Salary and welfare payable		117,506		600,775		94,275
Purchase of property and equipment		181,038		759,391		119,165
Accrued expenses		44,559		116,021		18,206
Other tax and surcharges payable		25,227		91,287		14,325
Deferred government grants		10,321		8,488		1,332
Purchase consideration payable**		—		148,038		23,230
Individual income tax payable*** (Note 7)		231,377		48,949		7,681
Others****		43,989		71,934		11,288

		845,374		2,223,840		348,969

Non-current portion:
Deferred government grants		7,020		6,975		1,095
Purchase consideration payable**		—		1,180,470		185,242
Others****		33,558		45,232		7,097

		40,578		1,232,677		193,434

*	The amount represents contract liabilities for the rendering of services. The increase in customer advances as compared to December 31, 2020 is a result of the increase in consideration received from the Group’s customers.

**	The amount represents the remaining purchase consideration to acquire Camelot. RMB148,038 (US$23,230) will be settled by April 30, 2022 and RMB1,180,470 (US$185,242) will be settled by June 30, 2023 . A total of RMB921,496 (US$144,603) will be settled by the Company’s ordinary shares.

***	Represents IIT payable to the tax bureau on behalf of certain employees related to their exercise and vesting of share-based awards.

****

non-current

Bank Loans (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Bank Loans


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Short-term bank loans		278,488		1,348,166		211,557
Long-term third-party bank loan guaranteed by a related party (Note 20):
Current portion		74,351		—		—

		352,839		1,348,166		211,557

Taxation (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax, Domestic and Foreign

Loss before income taxes consists of:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
PRC		(1,167,367	)		(1,095,015	)		(1,646,607	)		(258,388	)
Non-PRC		65,171			147,721			70,592			11,077

		(1,102,196	)		(947,294	)		(1,576,015	)		(247,311	)

Schedule of Components of Income Tax Expense (Benefit)

The current and deferred components of income tax expense appearing in the consolidated statements of comprehensive loss are as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Current income tax expense		9,180			15,081			27,593			4,330
Deferred income tax benefit		(177	)		(177	)		(11,852	)		(1,860	)

		9,003			14,904			15,741			2,470

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of income tax expense computed using the PRC statutory tax rate to the actual income tax expense is as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Loss before income tax		(1,102,196	)		(947,294	)		(1,576,015	)		(247,311	)
Income tax computed at the PRC statutory tax rate of 25%		(275,549	)		(236,824	)		(394,004	)		(61,828	)
Effect of tax holiday and preferential tax rates		11,493			(44,121	)		7,083			1,111
Effect of different tax rates in different jurisdictions		(11,626	)		10,580			(1,681	)		(264	)
Other non-taxable income		(21,557	)		(35,454	)		(24,999	)		(3,923	)
Non-deductible expenses		64,095			14,060			36,719			5,762
Share-based compensation costs		30,320			82,528			108,588			17,040
Research and development super deduction		(94,401	)		(113,388	)		(146,639	)		(23,011	)
Withholding tax and others		9,180			11,581			9,552			1,499
Change in valuation allowance		259,031			399,756			434,056			68,113
True-up adjustments in respect of prior year’s annual tax filing		—			(83,342	)		(3,474	)		(545	)
Tax rate change on deferred items		38,017			9,528			(9,460	)		(1,484	)

Income tax expense		9,003			14,904			15,741			2,470

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Group’s deferred tax assets and liabilities are as follows:


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
Deferred tax assets:
Tax loss carried forward		1,454,702			1,841,192			288,923
Accrued expenses		56,111			235,737			36,992
Depreciation		4,990			7,082			1,111
Allowance for doubtful accounts		3,156			53,436			8,385
Government grant		6,175			4,266			669
Operating lease liabilities		56,706			63,781			10,009
Accrued interest		66,609			170,337			26,730
Others		—			2,737			430
Less: valuation allowance		(1,401,416	)		(1,881,873	)		(295,307	)

		247,033			496,695			77,942

Deferred tax liabilities:
Operating lease right-of-use assets		54,658			57,300			8,992
One-time deduction for fixed asset purchases		191,107			337,564			52,970
Long-lived assets arising from business acquisitions		29			277,267			43,509
Others		1,268			22,655			3,555

		247,062			694,786			109,026

Summary of Unrecognized Tax Benefit

A reconciliation of the beginning and ending balances of unrecognized tax benefit is as follows:


	2020		2021		2021
	RMB		RMB		US$

Balance at beginning of the year		—		12,613		1,979
Additions from the business acquisitions		—		19,551		3,068
Additions based on tax positions related to current year		12,613		26,885		4,219

Balance at end of the year		12,613		59,049		9,266

Share-based Payments (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of the Activity Under the Share Option Scheme

A summary of the activity under the Share Option Scheme is stated below:


	Number of options			Weighted- average exercise price		Weighted- average grant-date fair value		Weighted- average remaining contractual term		Aggregate intrinsic value
				US$		US$		Years		US$
Outstanding, December 31, 2020		86,759,375			0.07		0.54		7.12		2.83
Granted		12,292,710			0.07		2.80
Forfeited		(7,384,942	)		0.07		1.38
Exercised		(29,906,941	)		0.07		0.71

Outstanding, December 31, 2021		61,760,202			0.07		0.87		6.61		0.98

Vested and expected to vest at December 31, 2021		61,760,202			0.07		0.87		6.61		0.98

Exercisable at December 31, 2021		28,437,976			0.07		0.46		5.22		0.98

Summary of the Activity for the Restricted Shares Issued Under the Share Award Scheme

A summary of the activity for the restricted shares issued under the Share Award Scheme is stated below:


	Number of shares			Weighted-average grant date fair value
				US$
Outstanding, December 31, 2020		53,602,560			0.76
Granted		29,076,828			2.04
Vested		(19,020,640	)		0.71
Forfeited		(5,671,482	)		1.61

Outstanding, December 31, 2021		57,987,266			1.32

Expected to vest at December 31, 2021		57,987,266			1.32

Summary of the Activity for the Restricted Shares Issued Under the Share Award Scheme

A summary of the activity for the options issued under the Share Award Scheme is stated below:


	Number of options			Weighted- average exercise price		Weighted- average grant- date fair value		Weighted- average remaining contractual term		Aggregate intrinsic value
				US$		US$		Years		US$
Outstanding, December 31, 2020		37,191,840			0.82		0.31		9.00		2.09
Exercised		(8,081,820	)		0.64		0.33
Forfeited		(1,241,600	)		0.87		0.30

Outstanding, December 31, 2021		27,868,420			0.83		0.31		7.99		0.22

Vested and expected to vest at December 31, 2021		27,868,420			0.83		0.31		7.99		0.22

Exercisable at December 31, 2021		12,566,340			0.80		0.30		8.00		0.25

Summary of Assumptions Used To Estimate the Fair Value of the Share Options


	For the year ended December 31
	2019	2020	2021
Risk-free rate	1.58%-1.80%	0.66%-1.84%	1.13%-1.62%
Expected volatility range	37.40%-37.90%	37.3%-37.8%	36.28%-38.03%
Exercise multiple	2.20-2.80	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$0.72-US$0.76	US$0.76-US$1.94	US$1.97-US$3.49

Summary of acquisition date fair value of each share-based award is estimated

The acquisition date fair value of each Camelot award is estimated on the date of modification using the binomial tree option pricing model with the following assumptions:


	2021
Risk-free rate		0.21	%
Expected volatility range		50.56	%
Exercise multiple		2.20
Fair market value per Camelot’s ordinary share		RMB23.00

Summary of Share-based Compensation Expense

The following table sets forth the amount of share-based compensation expense included in each of the relevant financial statement line items:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Cost of revenues		8,509		10,614		17,481		2,743
Selling and marketing expenses		37,808		62,270		72,594		11,392
General and administrative expenses		31,988		169,101		193,886		30,425
Research and development expenses		42,974		88,129		150,389		23,599

		121,279		330,114		434,350		68,159

Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted loss per share for each of the years presented are calculated as follows:


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Numerator:
Net loss attributable to Kingsoft Cloud Holdings Limited		(1,111,199	)		(962,259	)		(1,588,712	)		(249,303	)
Accretion to redemption value of redeemable convertible preferred shares		(49,725	)		(19,768	)		—			—

Net loss attributable to ordinary shareholders - basic and diluted		(1,160,924	)		(982,027	)		(1,588,712	)		(249,303	)

Denominator:
Weighted average number of ordinary shares outstanding - basic and diluted		889,521,200			2,400,874,197			3,441,729,444			3,441,729,444

Basic and diluted loss per share		(1.31	)		(0.41	)		(0.46	)		(0.07	)

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

a)	Related Parties


Name of related parties		Relationship with the Group
Kingsoft Corporation Limited and its subsidiaries (other than all of entities of the Group) (“Kingsoft Group”)		Principal shareholder of the Company

Cheetah Mobile Inc. and its subsidiaries (“Cheetah Group”)		Entity that Kingsoft Corporation Limited exercises significant influence over

Xiaomi Corporation and its subsidiaries (“Xiaomi Group”)		Entity controlled by a director of the Company

Schedule of Related Party Transactions

b)	The Group had the following related party transactions:


	For the year ended December 31
	2019		2020		2021		2021
	RMB		RMB		RMB		US$
Revenues:
Public cloud services provided to Xiaomi Group		570,431		655,165		749,597		117,628
Public cloud services provided to Kingsoft Group		109,177		119,011		156,158		24,505
Public cloud services provided to Cheetah Group		8,579		3,111		—		—
Enterprise cloud services provided to Xiaomi Group		—		—		22,857		3,587
Enterprise cloud services provided to Kingsoft Group		—		—		838		131
Other services provided to Xiaomi Group		120		82		—		—
Other services provided to Kingsoft Group		—		—		74		12

		688,307		777,369		929,524		145,863

Purchase of devices from Xiaomi Group		2,707		2,177		1,349		212
Interest expense on loan s due to Xiaomi Group		—		—		16,633		2,610
Interest expense on loan due to Kingsoft Group		4,925		—		4,088		641
Rental of building from Xiaomi Group*		9,578		47,900		56,452		8,859
Rental of office space, and administrative services from Kingsoft Group**		24,524		13,801		13,321		2,090

		41,734		63,878		91,843		14,412

The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2020 and 2021, the related operating lease

right-of-use

assets amounted to RMB243,585 and RMB210,551 (US$33,024) and operating lease liabilities amounted to RMB250,646 and RMB238,180 (US$37,356), respectively.

**	The Group entered into short-term agreements to lease office space from Kingsoft Group in 2019 . The agreements expired in December 2019. The amounts in 2020 and 2021 were administrative services from Kingsoft Group.

Schedule of Related Party Balances

c)	The Group had the following related party balances at the end of the year:


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
Amounts due from related parties:
Xiaomi Group		165,568		175,170		27,488
Kingsoft Group		45,258		37,731		5,921

		210,826		212,901		33,409

Amounts due to related parties:
Kingsoft Group*		80,294		544,376		85,425
Xiaomi Group**		32,704		764,941		120,036

		112,998		1,309,317		205,461

*	During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,461) bearing a fixed annual interest rate of 4.65%. The loan will be repaid in November 2022.

During 2021, the Group entered into several loan agreements with a weighted average interest rate of

4.36%

with Xiaomi Group which are

secured by the Group’s electronic equipment. As of December 31, 2021, the current portion and non-current portion of the loans was

RMB236,206 (US$37,066) and RMB472,882 (US$74,206)

respectively.

Under the terms of the agreements, the Group will repay in fixed

quarterly installments over 3 years

according to the following schedule:

Schedule of Repayment of Related Party Loans in Fixed Quarterly Installments


	2021		2021
	RMB		US$
2022		236,206		37,066
2023		241,168		37,845
2024		231,714		36,361

		709,088		111,272

Accumulated Other Comprehensive Income (loss) (Tables)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income


	RMB
Balance as of January 1, 2020		484,348
Foreign currency translation adjustments, net of tax of nil		(552,788	)

Balance as of December 31, 2020		(68,440	)
Foreign currency translation adjustments, net of tax of nil		(139,442	)

Balance as of December 31, 2021		(207,882	)

Balance as of December 31, 2021, in US$		(32,621	)

Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2021

Parent Company [Abstract]

Summary of Parent Company Balance Sheet


	As at December 31
	2020			2021			2021
	RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents		68,012			69,393			10,889
Short-term investments		217,448			1,029,472			161,547
Prepayments and other assets		266,280			53,618			8,414
Amounts due from subsidiaries		7,983,060			5,508,311			864,374

Total current assets		8,534,800			6,660,794			1,045,224

Non-current assets:
Investments in subsidiaries		—			5,328,424			836,146

Total non-current assets		—			5,328,424			836,146

Total assets		8,534,800			11,989,218			1,881,370

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accrued expenses and other liabilities		256,630			182,075			28,572
Income tax payable		2,524			3,307			519
Amounts due to subsidiaries		1,692			4,846			760
Amounts due to related parties		407			829			130

Total current liabilities		261,253			191,057			29,981

Other liabilities		33,558			1,194,212			187,398

Total non-current liabilities		33,558			1,194,212			187,398

Total liabilities		294,811			1,385,269			217,379

Commitments and contingencies
Shareholders’ equity:
Ordinary shares (par value of US$0.001 per share; 4,000,000,000 and 40,000,000,000 shares authorized, 3,546,124,955 and 3,805,284,810 shares issued, 3,339,618,633 and 3,646,381,840 shares outstanding as of December 31, 2020 and 2021, respectively)		22,801			24,782			3,889
Additional paid-in capital		14,149,984			18,245,801			2,863,164
Accumulated deficit		(5,864,356	)		(7,458,752	)		(1,170,441	)
Accumulated other comprehensive loss		(68,440	)		(207,882	)		(32,621	)

Total Kingsoft Cloud Holdings Limited shareholders’ equity		8,239,989			10,603,949			1,663,991

Total liabilities and shareholders’ equity		8,534,800			11,989,218			1,881,370

Summary of Parent Company Income Statement


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Operating expenses:
General and administrative expenses		(6,734	)		(27,052	)		(40,913	)		(6,420	)

Total operating expenses		(6,734	)		(27,052	)		(40,913	)		(6,420	)

Operating loss
Interest income		52,829			10,199			15,224			2,389
Foreign exchange (loss) gain		(8,174	)		30,931			10,198			1,601
Other (expenses) income, net		(300	)		5,377			9,889			1,552
Share of losses of subsidiaries and the VIEs		(1,145,405	)		(981,093	)		(1,582,142	)		(248,273	)

Loss before income taxes		(1,107,784	)		(961,638	)		(1,587,744	)		(249,151	)
Income tax expense		(3,415	)		(621	)		(968	)		(152	)

Net loss		(1,111,199	)		(962,259	)		(1,588,712	)		(249,303	)
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments		64,598			(552,788	)		(139,442	)		(21,881	)

Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders		(1,046,601	)		(1,515,047	)		(1,728,154	)		(271,184	)
Accretion to redemption value of redeemable convertible preferred shares		(49,725	)		(19,768	)		—			—

Comprehensive loss attributable to ordinary shareholders		(1,096,326	)		(1,534,815	)		(1,728,154	)		(271,184	)

Summary of Parent Company Cash Flow


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Net cash (used in) generated from operating activities		(2,538,479	)		(6,203,310	)		1,178,019			184,857
Net cash generated from (used in) investing activities		2,166,312			(218,674	)		(1,179,393	)		(185,072	)
Net cash generated from (used in) financing activities		370,294			5,945,666			(815	)		(128	)
Effect of exchange rate changes on cash and cash equivalents		10,921			3,969			3,570			559

Net increase (decrease) in cash and cash equivalents		9,048			(472,349	)		1,381			216
Cash and cash equivalents at beginning of the year		531,313			540,361			68,012			10,673

Cash and cash equivalents at end of the year		540,361			68,012			69,393			10,889

Organization and Basis of Presentation - Schedule of Organization and Basis of Presentation (Detail)	12 Months Ended
	Dec. 31, 2021
CN \| Zhuhai Kingsoft Cloud Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: Date of establishment/ acquisition	Nov. 09, 2012
Variable: Principal activities	Investment holding
CN \| Kingsoft Cloud Beijing Information Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: Date of establishment/ acquisition	Apr. 13, 2018
Variable: Principal activities	Investment holding
Subsidiaries \| CN \| Beijing Kingsoft Cloud Network Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: Date of establishment/ acquisition	Nov. 09, 2012
Variable: Principal activities	Cloud services
Subsidiaries \| CN \| Beijing Jinxun Ruibo Network Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: Date of establishment/ acquisition	Dec. 17, 2015
Variable: Principal activities	Cloud services
Subsidiaries \| CN \| Nanjing Qianyi Shixun Information Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: Date of establishment/ acquisition	Mar. 31, 2016
Variable: Principal activities	Cloud services
Subsidiaries \| Kingsoft Cloud Corporation Limited \| HK
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	HK
Date of establishment/ acquisition	Feb. 01, 2012
Percentage of equity interest attributable to the Company	100.00%
Principal activities	Cloud services
Subsidiaries \| Kingsoft Cloud (Tianjin) Technology Development Co., Ltd. \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Date of establishment/ acquisition	May 30, 2019
Percentage of equity interest attributable to the Company	100.00%
Principal activities	Cloud services
Subsidiaries \| Wuhan Kingsoft Cloud Information Technology Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Date of establishment/ acquisition	Dec. 26, 2017
Percentage of equity interest attributable to the Company	100.00%
Principal activities	Cloud services
Subsidiaries \| Beijing Kingsoft Cloud Technology Co., Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Date of establishment/ acquisition	Apr. 09, 2012
Percentage of equity interest attributable to the Company	100.00%
Principal activities	Research and development
Subsidiaries \| Beijing Yunxiang Zhisheng Technology Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Date of establishment/ acquisition	Dec. 15, 2015
Percentage of equity interest attributable to the Company	100.00%
Principal activities	Research and development
Subsidiaries \| Camelot Technology Co., Ltd. \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Date of establishment/ acquisition	Sep. 03, 2021
Percentage of equity interest attributable to the Company	82.15%
Principal activities	Enterprise digital solutions and related services

Organization and Basis of Presentation - Additional Information (Detail) ¥ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 CNY (¥) ¥ / shares	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Shareholder Voting Rights Trust Agreements Term	10 years
Variable interest entity and subsidiaries, Consolidated, Assets, Pledged		¥ 0
Restricted Cash [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Assets secured for payment of liabilities	$ 14,077			¥ 89,704
Camelot Employee Scheme Inc [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of equity interest acquired					100.00%
Beijing Camelot and its Subsidiaries [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of equity interest acquired					82.15%
Revenue Benchmark [Member] \| Variable Interest Entity, Primary Beneficiary [Member] \| Consolidated Revenue [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	88.00%	97.00%	98.10%
Xiaomi Group [Member] \| Electronic equipment [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Assets secured for payment of liabilities	$ 117,691			¥ 750,000
Beijing Yunxiang Zhisheng Technology Co Ltd [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Payment towards loans to related parties			¥ 10,000
Loan To Zhuhai King Soft Cloud [Member] \| Beijing Kingsoft Cloud Technology Co Ltd [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Payment towards loans to related parties			¥ 279
Exclusive Purchase Option Agreement With Zhuhai King Soft Cloud and Nominee Shareholders [Member] \| Beijing Kingsoft Cloud Technology Co Ltd [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity Method investment per share purchase price \| ¥ / shares				¥ 0.001
Exclusive Consultation and Technical Fees Agreement [Member] \| Beijing Kingsoft Cloud Technology Co Ltd [Member] \| Zhuhai Kingsoft Cloud [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Related party transaction term of agreement for consultancy services	20 years

Organization and Basis of Presentation - Schedule of Operations and Cash Flows Results of Variable Interest (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Revenues	$ 1,421,835	¥ 9,060,784	¥ 6,577,307	¥ 3,956,353
Net loss	(249,303)	(1,588,712)	(962,259)	(1,111,199)
Net cash used in operating activities	(111,236)	(708,869)	(290,433)	(439,132)
Net cash used in investing activities	(66,162)	(421,623)	(4,314,003)	883,247
Net cash generated from financing activities	347,187	2,212,487	6,124,153	64,507
Variable Interest Entity, Primary Beneficiary [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Revenues	1,251,003	7,972,143	6,377,158	3,882,352
Net loss	(244,312)	(1,556,904)	(922,908)	(970,344)
Net cash used in operating activities	(150,448)	(958,748)	(833,479)	(785,378)
Net cash used in investing activities	(132,377)	(843,586)	(1,471,637)	(836,981)
Net cash generated from financing activities	$ 409,968	¥ 2,612,563	¥ 2,802,088	¥ 1,618,102

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Organization and Basis of Presentation - Schedule of Assets Liabilities Results of Variable Interest Entities (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Current assets:
Cash and cash equivalents	$ 661,822	¥ 4,217,528	¥ 3,424,674
Accounts receivable, net of allowance for credit losses of RMB15,745 and RMB30,082 (US$4,721) as of December 31, 2020 and 2021, respectively	560,364	3,570,975	2,334,871
Prepayments and other assets	264,730	1,687,021	887,086
Total current assets	1,947,841	12,412,816	9,544,718
Non-current assets:
Property and equipment, net	370,979	2,364,103	1,956,790
Intangible assets, net	183,562	1,169,767	16,573
Prepayments and other assets	4,561	29,066	11,824
Goodwill	725,781	4,625,115	0
Equity investments	32,509	207,166	126,583
Operating lease right-of-use assets	40,243	256,451	266,968
Total non-current assets	1,359,763	8,665,224	2,384,496
Total assets	3,307,604	21,078,040	11,929,214
Current liabilities
Accounts payable	461,135	2,938,632	2,057,355
Long-term bank loan, current portion	0	0	74,351
Amounts due to related parties	131,255	836,435	112,998
Current operating lease liabilities	17,040	108,590	76,469
Total current liabilities	1,179,405	7,515,880	3,465,599
Non-current liabilities
Deferred tax liabilities	32,308	205,889	29
Other liabilities	193,434	1,232,677	40,578
Non-current operating lease liabilities	24,839	158,289	182,958
Amounts due to related parties	74,206	472,882	0
Total non-current liabilities	324,787	2,069,737	223,565
Total liabilities	1,504,192	9,585,617	3,689,164
Variable Interest Entity, Primary Beneficiary [Member]
Current assets:
Cash and cash equivalents	346,742	2,209,647	1,429,508
Restricted cash	14,077	89,704
Accounts receivable, net of allowance for credit losses of RMB15,745 and RMB30,082 (US$4,721) as of December 31, 2020 and 2021, respectively	497,577	3,170,860	2,258,313
Prepayments and other assets	142,383	907,350	630,121
Amounts due from related parties	28,895	184,137	204,275
Amounts due from subsidiaries of the Group	338,547	2,157,428	1,631,592
Total current assets	1,368,221	8,719,126	6,153,809
Non-current assets:
Property and equipment, net	338,495	2,157,093	1,727,620
Intangible assets, net	14,698	93,662	14,980
Prepayments and other assets	4,243	27,036	9,978
Goodwill	10,056	64,082
Equity investments	25,460	162,244	86,251
Amounts due from related parties	739	4,712	4,712
Operating lease right-of-use assets	29,016	184,908	210,338
Total non-current assets	422,707	2,693,737	2,053,879
Total assets	1,790,928	11,412,863	8,207,688
Current liabilities
Accounts payable	428,944	2,733,487	2,013,428
Accrued expenses and other liabilities	189,698	1,208,868	521,307
Short-term bank loans	211,557	1,348,166	278,488
Long-term bank loan, current portion			74,351
Income tax payable	161	1,026	45
Amounts due to related parties	125,181	797,731	56,795
Current operating lease liabilities	11,090	70,672	56,261
Amounts due to subsidiaries of the Group	250,753	1,597,946	903,879
Total current liabilities	1,217,384	7,757,896	3,904,554
Non-current liabilities
Deferred tax liabilities			29
Other liabilities	1,095	6,975	7,020
Non-current operating lease liabilities	18,996	121,057	146,012
Amounts due to related parties	74,206	472,882
Amounts due to subsidiaries of the Group	1,174,799	7,486,525	7,367,267
Total non-current liabilities	1,269,096	8,087,439	7,520,328
Total liabilities	$ 2,486,480	¥ 15,845,335	¥ 11,424,882

Organization and Basis of Presentation - Schedule of Assets Liabilities Results of Variable Interest Entities (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Allowanace for doubtful debt on accounts receivable current	$ 5,063	¥ 32,265	$ 2,475	¥ 15,770	¥ 22,894	¥ 2,249
Variable Interest Entity, Primary Beneficiary [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Allowanace for doubtful debt on accounts receivable current	$ 4,721	¥ 30,082		¥ 15,745

Summary of Significant Accounting Policies - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) Units	Dec. 31, 2021 CNY (¥) Units	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 CNY (¥)	Jan. 01, 2021 USD ($)	Jan. 01, 2021 CNY (¥)
Accounting Policies [Line Items]
Closing foreign exchange rate of CNY per US$1.00	6.3726				6.3726
Equity securities measured at fair value using alternate measurement	$ 32,509		¥ 126,583		¥ 207,166
Equity securities without readily determinable fair value, upward price adjustment	12,945	¥ 82,492	14,301
Equity securities without readily determinable fair value, downward price adjustment	0	0	0
Equity securities without readily determinable fair value cumulative loss	0		0		0
Impairment of long lived assets \| ¥		0	0	¥ 0
Advertising expenses	3,777	24,070	15,348	29,271
Employee benefit expenses	48,666	310,126	126,784	155,848
Cash Consideration Paid	8,237	52,493	14,650	¥ 94,376
Equity method investment, realized gain loss on disposal	1,626	¥ 10,363
Accumulated deficit	(1,170,441)		(5,864,356)		(7,458,752)	$ 892	¥ 5,684
Equity securities without readily determinable fair value, Upward price adjustment, Cumulative amount	$ 15,189		¥ 14,301		¥ 96,793
Number of reporting units \| Units	2	2

Summary of Significant Accounting Policies - Schedule of Property Plant and Equipment Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2021
Electronic equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Electronic equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	4 years
Office Equipment and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Data center machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	50 years

Summary of Significant Accounting Policies - Schedule of Finite Lived Intangible Assets Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2021
Others [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	3 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	6 years
Patents And Technology [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	6 years
Patents And Technology [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Trade Marks And Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Software and Copyrights [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	3 years
Software and Copyrights [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years

Concentration of Risks - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Concentration of Risk [Line Items]
Percentage depreciation in foreign currency exchange rate	2.30%	6.30%	1.30%
Accounts Receivable [Member] \| Minimum [Member] \| Two Customers [Member] \| Customer Concentration Risk [Member]
Concentration of Risk [Line Items]
Concentration risk percentage	10.00%	10.00%
Sales Revenue Net [Member] \| Customer One [Member] \| Customer Concentration Risk [Member]
Concentration of Risk [Line Items]
Concentration risk percentage	22.00%	10.00%	14.00%
Sales Revenue Net [Member] \| Customer Two [Member] \| Customer Concentration Risk [Member]
Concentration of Risk [Line Items]
Concentration risk percentage	13.00%	28.00%	31.00%
Sales Revenue Net [Member] \| Customer Three [Member] \| Customer Concentration Risk [Member]
Concentration of Risk [Line Items]
Concentration risk percentage		15.00%	12.00%
Contract asset [Member] \| Customer One [Member] \| Customer Concentration Risk [Member]
Concentration of Risk [Line Items]
Concentration risk percentage	10.00%

Business Combination - Summary of fair value of assets acquired and liabilities assumed (Detail) ¥ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($)	Sep. 30, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Intangible assets:
Goodwill			$ 725,781		¥ 4,625,115	¥ 0
Camelot Group [Member]
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed [Line Items]
Total fair value of purchase consideration	$ 830,203	¥ 5,290,553	830,203	¥ 5,290,553
Cash and cash equivalents			97,047		618,439
Restricted cash			177		1,126
Accounts receivable and other assets			147,553		940,297
Property and equipment, net			1,918		12,224
Intangible assets:
Deferred tax assets			9,268		59,060
Deferred tax liabilities			(42,132)		(268,490)
Accounts payable and other liabilities			(137,916)		(878,885)
Non-controlling interests			(138,476)		(882,451)
Goodwill			715,725		4,561,033
Customer Relationships [Member] \| Camelot Group [Member]
Intangible assets:
Intangible assets			97,307		620,100
Trademarks [Member] \| Camelot Group [Member]
Intangible assets:
Intangible assets			74,381		474,000
Copyrights [Member] \| Camelot Group [Member]
Intangible assets:
Intangible assets			$ 5,351		¥ 34,100

Business Combination - Additional Information (Detail) ¥ in Thousands, $ in Thousands	1 Months Ended				12 Months Ended
	Sep. 30, 2021 USD ($)	Sep. 30, 2021 CNY (¥)	Mar. 31, 2021 USD ($)	Mar. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 CNY (¥)	Apr. 30, 2021 USD ($)	Apr. 30, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Goodwill					$ 725,781		¥ 4,625,115			¥ 0
Shenzhen Yunfan [Member]
Percentage of equity interests acquired			100.00%	100.00%
Cash consideration paid			$ 19,835	¥ 126,400
Business combination intangible assets acquired					12,083		77,000
Goodwill					7,660		48,814
Business Combination Recognized Identifiable Net Assets					92		586
Beijing Yunshu [Member]
Percentage of equity interests acquired								86.21%	86.21%
Contingent consideration payable								$ 1,104	¥ 7,034
Camelot Group [Member]
Cash consideration paid	$ 118,001	¥ 751,974
Goodwill					715,725		¥ 4,561,033
Consideration paid	830,203	5,290,553			$ 830,203	¥ 5,290,553
Equity settled consideration	$ 712,202	¥ 4,538,579

Revenues - Summary of Disaggregation of Revenue (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 1,421,835	¥ 9,060,784	¥ 6,577,307	¥ 3,956,353
Public Cloud Services [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	966,495	6,159,085	5,166,851	3,458,843
Enterprise Cloud Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	454,731	2,897,817	1,372,689	486,308
Enterprise Cloud Services [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	338,931	2,159,869	1,368,544	485,991
Enterprise Cloud Services [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	115,800	737,948	4,145	317
Product and Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	609	3,882	37,767	11,202
Product and Service, Other [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	190	1,208	36,611	¥ 11,202
Product and Service, Other [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 419	¥ 2,674	¥ 1,156

- Definition

+ References

+ Details

Revenues - Summary of Revenue, Remaining Performance Obligation (Detail) - Dec. 31, 2021 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation	$ 8,059	¥ 51,357
Within One Year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation	4,371	27,852
More Than One Year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation	$ 3,688	¥ 23,505

Revenues - Summary of Contract with Customer Liability Recognized (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Revenue Recognition and Deferred Revenue [Abstract]
Revenue recognized from amounts included in contract liabilities at the beginning of the period	$ 17,610	¥ 112,221	¥ 37,550	¥ 22,782

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable	$ 565,427	¥ 3,603,240		¥ 2,350,641
Allowance for credit losses	(5,063)	(32,265)	$ (2,475)	(15,770)	¥ (22,894)	¥ (2,249)
Accounts receivable, net	$ 560,364	¥ 3,570,975		¥ 2,334,871

Accounts Receivable, Net - Schedule of the Movement in the allowance for Doubtful Accounts (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Balance at beginning of the year	$ 2,475	¥ 15,770		¥ 22,894	¥ 2,249
Adoption of ASC 326		5,684	$ 892
Provision for expected credit losses	19,102	121,731		44,695	61,687
Write-offs charged against the allowance	(15,881)	(101,202)		(44,096)	(41,042)
Recoveries during the year	(1,525)	(9,718)		(7,723)
Balance at end of the year	$ 5,063	¥ 32,265	$ 2,475	¥ 15,770	¥ 22,894

Accounts Receivable, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Jan. 01, 2021 USD ($)	Jan. 01, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Increase in accumulated deficit	$ (1,170,441)	¥ (7,458,752)	$ 892	¥ 5,684	¥ (5,864,356)

- Definition

The cumulative amount of the reporting entity's undistributed earnings or deficit.

+ References + Details

Prepayments and Other Assets - Additional Information (Detail) - 12 months ended Dec. 31, 2021 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)	CNY (¥)
Prepayments and Other Assets [Abstract]
Contract with customer, asset, allowance for credit loss	$ 250		¥ 1,591
Contract with customer asset credit loss expense	330	¥ 2,100
Contract with customer asset, Allowance for credit loss, Writeoff	$ 80	¥ 509

Prepayments and Other Assets - Schedule of Prepayments and Other Assets (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Current portion:
Prepayments to suppliers	$ 25,504	¥ 162,528	¥ 78,621
Contract costs	22,852	145,628	13,882
Contract assets, net	86,318	550,068
VAT prepayments	97,196	619,391	470,567
Interest receivable	3,368	21,463	14,204
Individual income tax receivable	7,681	48,949	231,377
Others	21,811	138,994	78,435
Total	264,730	1,687,021	887,086
Non-current portion:
Prepayments for electronic equipment	3,984	25,388	8,978
Others	577	3,678	2,846
Total	$ 4,561	¥ 29,066	¥ 11,824

Property and Equipment, Net - Schedule of Property and Equipment, Net (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 854,678	¥ 5,446,524	¥ 4,314,665
Less: accumulated depreciation	(483,699)	(3,082,421)	(2,357,875)
Property and equipment, net	370,979	2,364,103	1,956,790
Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	803,934	5,123,149	4,164,384
Office Equipment and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,426	15,462	9,759
Data Center Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	22,648	144,328	135,068
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,474	15,768
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 23,196	¥ 147,817	¥ 5,454

Property and Equipment, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 122,918	¥ 783,305	¥ 750,375	¥ 601,730

Intangible Assets, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 11,345	¥ 72,299	¥ 7,663	¥ 2,851

Intangible Assets, Net - Schedule of Intangible Assets, Net (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 197,798	¥ 1,260,487	¥ 35,296
Less: accumulated amortization	(14,236)	(90,720)	(18,723)
Intangible assets, net	183,562	1,169,767	16,573
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	97,307	620,100
Less: accumulated amortization	(5,121)	(32,637)
Patents and Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	10,655	67,900
Less: accumulated amortization	(1,277)	(8,138)
Trade Marks and Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	78,006	497,098	7,020
Less: accumulated amortization	(3,252)	(20,722)	(3,035)
Software and Copyrights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	11,259	71,752	20,807
Less: accumulated amortization	(4,189)	(26,692)	(10,268)
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	571	3,637	7,469
Less: accumulated amortization	$ (397)	¥ (2,531)	¥ (5,420)

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 26,844	¥ 171,065
2023	26,699	170,140
2024	26,438	168,476
2025	26,120	166,454
2026 and thereafter	77,461	493,632
Intangible assets, net	$ 183,562	¥ 1,169,767	¥ 16,573

Goodwill - Summary of Carrying Value of Goodwill (Detail) - 12 months ended Dec. 31, 2021 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Goodwill [Line Items]
Beginning balance		¥ 0
Goodwill acquired in business combinations (Note 4)		4,625,115
Ending balance	$ 725,781	¥ 4,625,115

Goodwill - Additional Information (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Goodwill [Line Items]
Goodwill	$ 725,781	¥ 4,625,115	¥ 0
Cloud Service And Solutions [Member]
Goodwill [Line Items]
Goodwill	575,751	3,669,031
Cloud Based Digital Solution And Services [Member]
Goodwill [Line Items]
Goodwill	$ 150,030	¥ 956,084

Leases - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Leases [Abstract]
Weighted average remaining lease term for operating lease	8 years 3 months 18 days	8 years 3 months 18 days	9 years 8 months 12 days
Weighted average discount rate for operating lease	6.18%	6.18%	6.36%
Operating lease cost	$ 10,301	¥ 65,641	¥ 52,890
Short-term lease cost	$ 1,776	¥ 11,317	¥ 3,036

Leases - Summary of Undiscounted Future Minimum Payments under the Group's Operating Lease Liabilities (Detail) - Dec. 31, 2021 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2022	$ 17,335	¥ 110,472
2023	9,296	59,238
2024	7,929	50,526
2025	4,605	29,347
2026 and thereafter	11,311	72,078
Total future lease payments	50,476	321,661
Less: imputed interest	(8,597)	(54,782)
Total lease liability balance	$ 41,879	¥ 266,879

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail)
¥ in Thousands, $ in Thousands

Dec. 31, 2021

USD ($)

Dec. 31, 2021

CNY (¥)

Dec. 31, 2020

CNY (¥)

Current portion:

Customer advances

^[1]

$ 59,467

¥ 378,957

¥ 191,357

Salary and welfare payable

94,275

600,775

117,506

Purchase of property and equipment

119,165

759,391

181,038

Accrued expenses

18,206

116,021

44,559

Other tax and surcharges payable

14,325

91,287

25,227

Deferred government grants

1,332

8,488

10,321

Purchase consideration payable

^[2]

23,230

148,038

Individual income tax payable

^[3]

7,681

48,949

231,377

Others

^[4]

11,288

71,934

43,989

Accounts payable and accrued liabilities current

348,969

2,223,840

845,374

Non-current portion:

Deferred government grants

1,095

6,975

7,020

Purchase consideration payable

^[2]

185,242

1,180,470

Others

^[5]

7,097

45,232

33,558

Accounts payable and accrued liabilities noncurrent

$ 193,434

¥ 1,232,677

¥ 40,578

[1]	The amount represents contract liabilities for rendering of services. The increase in customer advances as compared to the year ended December 31, 2020 is a result of the increase in consideration received from the Group’s customers.
[2]	The amount represents purchase consideration to acquire Camelot Group. RMB148,038 (US$23,230) will be settled by April 30, 2022 and RMB1,180,470 (US$185,242) will be settled by June 30, 2023, among which RMB921,496 (US$144,603) will be settled by the Company’s ordinary shares.
[3]	Represents amounts due from certain employees related to their individual income taxes (“IIT”) arising from exercise and vesting of share-based awards.
[4]	In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB47,597) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2020 and 2021, RMB10,083 and RMB9,836 (US$1,508) were included in the current portion, and RMB33,558 and RMB22,989 (US$3,523) were included in the non-current portion of accrued expenses and other liabilities, respectively. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.
[5]	In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB47,597) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2020 and 2021, RMB10,083 and RMB9,836 (US$1,543) were included in the current portion, and RMB33,558 and RMB22,989 (US$3,607) were included in the non-current portion of accrued expenses and other liabilities, respectively. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Parenthetical) (Detail)
¥ in Thousands, $ in Thousands

1 Months Ended

Jul. 31, 2020

USD ($)

Jul. 31, 2020

CNY (¥)

Jun. 30, 2023

USD ($)

Jun. 30, 2023

CNY (¥)

Apr. 30, 2022

USD ($)

Apr. 30, 2022

CNY (¥)

Dec. 31, 2021

USD ($)

Dec. 31, 2021

CNY (¥)

Dec. 31, 2020

CNY (¥)

Other accrued liabilities recorded as current

^[1]

$ 11,288

¥ 71,934

¥ 43,989

Other accrued liabilities recorded as noncurrent

^[2]

7,097

45,232

33,558

Purchase consideration payable, Current

^[3]

23,230

148,038

Purchase consideration payable, Non current

^[3]

185,242

1,180,470

Camelot Group [Member]

Purchase consideration payable, Current

$ 23,230

¥ 148,038

Purchase consideration payable, Non current

$ 185,242

¥ 1,180,470

Camelot Group [Member] | Common Stock [Member]

Business acquisition, Equity interest issued or issuable, Value assigned

144,603

921,496

Other Current Liabilities [member]

Other accrued liabilities recorded as current

1,543

9,836

10,083

Other Noncurrent Liabilities [member]

Other accrued liabilities recorded as noncurrent

$ 3,607

¥ 22,989

¥ 33,558

ADS Reimbursement [member]

Reimbursement received from the depository for the establishment and maintenance of the ADS program

$ 7,469

¥ 47,597

[1]	In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB47,597) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2020 and 2021, RMB10,083 and RMB9,836 (US$1,508) were included in the current portion, and RMB33,558 and RMB22,989 (US$3,523) were included in the non-current portion of accrued expenses and other liabilities, respectively. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.
[2]	In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB47,597) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2020 and 2021, RMB10,083 and RMB9,836 (US$1,543) were included in the current portion, and RMB33,558 and RMB22,989 (US$3,607) were included in the non-current portion of accrued expenses and other liabilities, respectively. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.
[3]	The amount represents purchase consideration to acquire Camelot Group. RMB148,038 (US$23,230) will be settled by April 30, 2022 and RMB1,180,470 (US$185,242) will be settled by June 30, 2023, among which RMB921,496 (US$144,603) will be settled by the Company’s ordinary shares.

Bank Loans - Schedule of Bank Loans (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Schedule of Debt [Line Items]
Short-term bank loans	$ 211,557	¥ 1,348,166	¥ 278,488
Long-term third-party bank loan guaranteed by a related party:
Current portion	0	0	74,351
Bank loan, total	$ 211,557	¥ 1,348,166	¥ 352,839

Bank Loans - Additional Information (Detail)	Dec. 31, 2021	Dec. 31, 2020
Schedule of Debt [Line Items]
Short-term Debt, Weighted Average Interest Rate	4.59%	4.28%

Taxation - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Disclosure [Line Items]
Unrecognized tax benefits		$ 1,979	¥ 0	$ 9,266	¥ 59,049	¥ 12,613
Unrecognized Tax Benefits that Would Impact Effective Tax Rate				2,504	15,954	0
Liability for Uncertainty in Income Taxes, Noncurrent				2,504	15,954	0
Unrecognized Tax Benefits Setoff Against Deferred Tax Assets				6,762	43,095	¥ 12,613
Unrecognized Tax Benefits, Interest on Income Taxes Expense	¥ 0
Unrecognized Tax Benefits, Interest on Income Taxes Accrued					0
Tax Withholding on Payment of Interest and Dividends to Non PRC Resident Enterprises [Member]
Income Tax Disclosure [Line Items]
Tax withholding rates on interest and dividend payments	10.00%	10.00%	10.00%
HK
Income Tax Disclosure [Line Items]
Income tax rate	16.50%	16.50%	16.50%
Operating loss carryforwards				1,174,583	7,485,149
CN
Income Tax Disclosure [Line Items]
Income tax rate	25.00%	25.00%	25.00%
Operating loss carryforwards				$ 1,174,583	¥ 7,485,149
CN \| Beijing Kingsoft Cloud Network Technology Co Ltd \| Preferential Income Tax Rate [Member]
Income Tax Disclosure [Line Items]
Income tax rate	15.00%

Taxation - Schedule of Income Before Income Tax, Domestic and Foreign (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Income Tax Disclosure [Abstract]
PRC	$ (258,388)	¥ (1,646,607)	¥ (1,095,015)	¥ (1,167,367)
Non-PRC	11,077	70,592	147,721	65,171
Loss before income taxes	$ (247,311)	¥ (1,576,015)	¥ (947,294)	¥ (1,102,196)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Taxation - Schedule of Components of Income Tax Expense (Benefit) (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Income Tax Disclosure [Abstract]
Current income tax expense	$ 4,330	¥ 27,593	¥ 15,081	¥ 9,180
Deferred income tax benefit	(1,860)	(11,852)	(177)	(177)
Income tax expense	$ 2,470	¥ 15,741	¥ 14,904	¥ 9,003

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Taxation - Schedule of Effective Income Tax Rate Reconciliation (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Income Tax Disclosure [Abstract]
Loss before income tax	$ (247,311)	¥ (1,576,015)	¥ (947,294)	¥ (1,102,196)
Income tax computed at the PRC statutory tax rate of 25%	(61,828)	(394,004)	(236,824)	(275,549)
Effect of tax holiday and preferential tax rates	1,111	7,083	(44,121)	11,493
Effect of different tax rates in different jurisdictions	(264)	(1,681)	10,580	(11,626)
Other non-taxable income	(3,923)	(24,999)	(35,454)	(21,557)
Non-deductible expenses	5,762	36,719	14,060	64,095
Share based compensation costs	17,040	108,588	82,528	30,320
Research and development super deduction	(23,011)	(146,639)	(113,388)	(94,401)
Withholding tax and others	1,499	9,552	11,581	9,180
Change in valuation allowance	68,113	434,056	399,756	259,031
True-up adjustments in respect of prior year's annual tax filing	(545)	(3,474)	(83,342)
Tax rate change on deferred items	(1,484)	(9,460)	9,528	38,017
Income tax expense	$ 2,470	¥ 15,741	¥ 14,904	¥ 9,003

Taxation - Schedule of Deferred Tax Assets and Liabilities (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Deferred tax assets:
Tax loss carried forward	$ 288,923	¥ 1,841,192	¥ 1,454,702
Accrued expenses	36,992	235,737	56,111
Depreciation	1,111	7,082	4,990
Allowance for doubtful accounts	8,385	53,436	3,156
Government grant	669	4,266	6,175
Operating lease liabilities	10,009	63,781	56,706
Accrued interest	26,730	170,337	66,609
Others	430	2,737	0
Less: valuation allowance	(295,307)	(1,881,873)	(1,401,416)
Deferred tax assets, net	77,942	496,695	247,033
Deferred tax liabilities:
Operating lease right-of-use assets	8,992	57,300	54,658
One-time deduction for fixed asset purchases	52,970	337,564	191,107
Long-lived assets arising from business acquisitions	43,509	277,267	29
Others	3,555	22,655	1,268
Deferred Tax Liabilities, Gross	$ 109,026	¥ 694,786	¥ 247,062

Taxation - Schedule of Deferred Tax Assets and Liabilities (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Disclosure [Abstract]
Deferred tax assets gross	$ 373,249	¥ 2,378,568	¥ 1,648,449
Valuation allowance on deferred tax assets	$ 295,307	¥ 1,881,873	¥ 1,401,416

Taxation - Summary of Unrecognized Tax Benefit (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Uncertainties [Abstract]
Balance at beginning of the year	$ 1,979	¥ 12,613	¥ 0
Additions from the business acquisitions	3,068	19,551	0
Additions based on tax positions related to current year	4,219	26,885	12,613
Balance at end of the year	$ 9,266	¥ 59,049	¥ 12,613

Convertible Preferred Shares and Redeemable Convertible Preferred Shares - Additional Information (Detail) ¥ in Thousands, $ in Thousands		12 Months Ended
	Jan. 08, 2020 USD ($) shares	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Jan. 01, 2020 shares
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Proceeds from redeemable convertible preferred stock \| ¥		¥ 124,730	¥ 349,395
Series A Convertible Preferred Shares [Member]
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Preferred stock, shares issued				458,116,000
Preferred stock, shares outstanding				458,116,000
Series B Convertible Preferred Shares [Member]
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Temporary equity, shares issued				153,603,600
Temporary equity, shares outstanding				153,603,600
Series C Convertible Preferred Shares [Member]
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Temporary equity, shares issued				185,665,192
Temporary equity, shares outstanding				185,665,192
Series D Convertible Preferred Shares [Member]
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Temporary equity, shares issued				842,738,782
Temporary equity, shares outstanding				842,738,782
Series D+ Convertible Preferred Shares [Member]
Convertible Preferred Stock and Redeemable Convertible Preferred Stock [Line Items]
Temporary equity, shares issued				55,089,998
Temporary equity, shares outstanding				55,089,998
Proceeds from redeemable convertible preferred stock \| $	$ 20,000
Temporary equity shares issued during the period shares	22,035,999

Share-based Payments - Summary of the activity under the Share Option Scheme (Detail) - Share Options Scheme [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options - Outstanding	86,759,375
Number of options - Granted	12,292,710
Number of options - Forfeited	(7,384,942)
Number of options - Exercised	(29,906,941)
Number of options - Outstanding	61,760,202	86,759,375
Number of options - Vested and expected	61,760,202
Number of options - Exercisable	28,437,976
Weighted- average exercise price - Outstanding	$ 0.07
Weighted- average exercise price - Granted	0.07
Weighted- average exercise price - Forfeited	0.07
Weighted- average exercise price - Exercised	0.07
Weighted- average exercise price - Outstanding	0.07	$ 0.07
Weighted- average exercise price - Vested and expected	0.07
Weighted- average exercise price - Exercisable	0.07
Weighted- average grant- date fair value - Outstanding	0.54
Weighted- average grant- date fair value - Forfeited	1.38
Weighted- average grant- date fair value - Granted	2.80
Weighted- average grant- date fair value - Exercised	0.71
Weighted- average grant- date fair value - Outstanding	0.87	$ 0.54
Weighted- average grant- date fair value - Vested and expected	0.87
Weighted- average grant- date fair value - Exercisable	$ 0.46
Weighted- average remaining contractual term - Outstanding	6 years 7 months 9 days	7 years 1 month 13 days
Weighted- average remaining contractual term - Vested and expected	6 years 7 months 9 days
Weighted- average remaining contractual term - Exercisable	5 years 2 months 19 days
Aggregate intrinsic value - Outstanding	$ 0.98	$ 2.83
Aggregate intrinsic value - Vested and expected	0.98
Aggregate intrinsic value - Exercisable	$ 0.98

Share-based Payments - Additional Information (Detail) $ / shares in Units, ¥ in Thousands			12 Months Ended
	Mar. 31, 2021 USD ($) shares	Dec. 21, 2019 shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 $ / shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 $ / shares	Dec. 31, 2021 CNY (¥)	Mar. 31, 2021 CNY (¥)	Dec. 31, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares, total weighted average grant-date fair value granted \| $ / shares			$ 2.04			$ 0.78		$ 0.74
Restricted shares,Aggregate Fair value			$ 14,142,000	¥ 90,121	¥ 91,683		¥ 19,580
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period	3 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period	1 year
Share-based Payment Arrangement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrrangement intrinsic value of options excercised during the period			$ 12,432,000	79,224	906,120		308,665
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares			$ 2.80			1.16		0.65
Share based compensation by share based payment arrangement aggregatte fair value of shares vested during the period			$ 8,143,000	¥ 51,892	44,135		36,060
Share based compensation by share based payment arrangement unrecognised compensation			$ 18,765,000						¥ 119,582
Share based compensation by share based payment arrangement unrecognized compensation recognition period			1 year 4 months 28 days	1 year 4 months 28 days
Share Options Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares authorised											209,750,000
Share based compensation by share based payment arrrangement intrinsic value of options excercised during the period			$ 245,000	¥ 1,561	3,230
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares			$ 2.80
Share based compensation by share based payment arrangement unrecognized compensation recognition period			1 year 10 months 9 days	1 year 10 months 9 days
Share based compensation by share based payment arrangement unrecognised compensation			$ 49,531,000						315,641
Number of options - Exercised			29,906,941	29,906,941
Share based compensation by share based payment arrangement awards granted			12,292,710	12,292,710
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement unrecognized compensation recognition period	2 years
Share based compensation by share based payment arrangement unrecognised compensation	$ 15,986,000									¥ 101,871
Restricted shares, Number of shares Granted	11,684,432
Restricted shares,Aggregate Fair value \| $	$ 2,278,360,000
Camelot Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period			3 years	3 years
Share based compensation by share based payment arrangement unrecognized compensation recognition period			1 year 8 months 1 day	1 year 8 months 1 day
Share based compensation by share based payment arrangement unrecognised compensation			$ 14,933,000						95,165
2013 Share Award Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares authorised											215,376,304
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares			$ 0.31			$ 0.31		$ 0.30
Share based compensation by share based payment arrangement aggregatte fair value of shares vested during the period			$ 2,541,000	¥ 16,192	¥ 15,981		¥ 0
Share based compensation by share based payment arrangement unrecognized compensation recognition period			1 year 1 month 28 days	1 year 1 month 28 days
Share based compensation by share based payment arrangement unrecognised compensation			$ 2,024,000						¥ 12,898
Number of options - Exercised		0	8,081,820	8,081,820
Restricted shares, Number of shares Granted			29,076,828	29,076,828
Restricted shares, total weighted average grant-date fair value granted \| $ / shares			$ 2.04
2021 Share Award Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares authorised											209,216,310
Share based compensation by share based payment arrangement awards granted			0	0

Share-based Payments - Summary of the activity for the restricted shares issued under the Share Award Scheme (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value - Granted	$ 2.04	$ 0.78	$ 0.74
2013 Share Award Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares - Outstanding	53,602,560
Number of shares - Granted	29,076,828
Number of shares - Vested	(19,020,640)
Number of shares - Forfeited	(5,671,482)
Number of shares - Outstanding	57,987,266	53,602,560
Number of shares - Expected to vest	57,987,266
Weighted-average grant date fair value - Outstanding	$ 0.76
Weighted-average grant date fair value - Granted	2.04
Weighted-average grant date fair value - Vested	0.71
Weighted-average grant date fair value - Forfeited	1.61
Weighted-average grant date fair value - Outstanding	1.32	$ 0.76
Weighted-average grant date fair value - Expected to vest	$ 1.32

Share-based Payments - Summary of the activity for the options issued under the Share Award Scheme (Detail) - 2013 Share Award Scheme [Member] - USD ($)		12 Months Ended
	Dec. 21, 2019	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options - Outstanding		37,191,840
Number of options - Forfeited		(1,241,600)
Number of options - Exercised	0	(8,081,820)
Number of options - Outstanding		27,868,420	37,191,840
Number of options - Vested and expected		27,868,420
Number of options - Exercisable		12,566,340
Weighted- average exercise price - Outstanding		$ 0.82
Weighted- average exercise price - Forfeited		0.87
Weighted- average exercise price - Exercised		0.64
Weighted- average exercise price - Outstanding		0.83	$ 0.82
Weighted- average exercise price - Vested and expected		0.83
Weighted- average exercise price - Exercisable		0.80
Weighted- average grant- date fair value - Outstanding		0.31
Weighted- average grant- date fair value - Forfeited		0.30
Weighted- average grant- date fair value - Exercised		0.33
Weighted- average grant- date fair value - Outstanding		0.31	$ 0.31
Weighted- average grant date fair value - Vested and expected		0.31
Weighted- average grant- date fair value - Exercisable		$ 0.30
Weighted- average remaining contractual term - Outstanding		7 years 11 months 26 days	9 years
Weighted- average remaining contractual term - Vested and expected		7 years 11 months 26 days
Weighted- average remaining contractual term - Exercisable		8 years
Aggregate intrinsic value - Outstanding		$ 0.22	$ 2.09
Aggregate intrinsic value - Vested and expected		0.22
Aggregate intrinsic value - Exercisable		$ 0.25

Share-based Payments - Summary of assumptions used to estimate the fair value of the share options (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 08, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate, Minimum	1.13%	0.66%	1.58%
Risk-free rate, Maximum	1.62%	1.84%	1.80%
Expected volatility range, Minimum	36.28%	37.30%	37.40%
Expected volatility range, Maximum	38.03%	37.80%	37.90%
Exercise multiple, Minimum	2.20	2.20	2.20
Exercise multiple, Maximum	2.80	2.80	2.80
Share Price				$ 0.76
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 1.97	$ 0.76	$ 0.72
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 3.49	$ 1.94	$ 0.76

Share-based Payments - Summary of acquisition date fair value of each share-based award is estimated (Detail)	12 Months Ended
	Dec. 31, 2021 ¥ / shares	Jan. 08, 2020 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market value per ordinary share as at valuation dates \| $ / shares		$ 0.76
Camelot Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate	0.21%
Expected volatility range	50.56%
Exercise multiple	2.20
Fair market value per ordinary share as at valuation dates \| ¥ / shares	¥ 23.00

Share-based Payments - Summary of share-based compensation expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 USD ($)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	$ 68,159	¥ 434,350	¥ 330,114	$ 121,279
Cost of revenues [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	2,743	17,481	10,614	8,509
Selling and marketing expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	11,392	72,594	62,270	37,808
General and administrative expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	30,425	193,886	169,101	31,988
Research and development expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	$ 23,599	¥ 150,389	¥ 88,129	$ 42,974

Restricted Net Assets - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)
Restricted Assets Disclosure [Line Items]
Reserve Fund As a Percentage Of Registered Capital	50.00%	50.00%
Variable Interest Entity, Primary Beneficiary [Member] \| CHINA
Restricted Assets Disclosure [Line Items]
Restricted assets	$ 539,587	¥ 3,438,575
Minimum [Member] \| Variable Interest Entity, Primary Beneficiary [Member] \| CHINA
Restricted Assets Disclosure [Line Items]
Percentage Of Annual After Tax Profit To Be Allocated To Statutory Reserves	10.00%
Statutory Funds As A Percentage Of Registered Capital	50.00%
Minimum [Member] \| Subsidiaries [Member] \| CHINA
Restricted Assets Disclosure [Line Items]
Percentage Of Annual After Tax Profit to Be Allocated To Reserve Fund	10.00%
Percentage Of Annual After Tax Profit To Be Allocated To Statutory Reserves	10.00%
Statutory Funds As A Percentage Of Registered Capital	50.00%

Loss Per Share - Summary of Earnings Per Share Basic and Diluted (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2020 $ / shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares
Numerator:
Net loss attributable to Kingsoft Cloud Holdings Limited	$ (249,303)	¥ (1,588,712)	¥ (962,259)		¥ (1,111,199)
Accretion to redemption value of redeemable convertible preferred shares	0	0	(19,768)		(49,725)
Net loss attributable to ordinary shareholders	$ (249,303)	¥ (1,588,712)	¥ (982,027)		¥ (1,160,924)
Denominator:
Weighted average number of ordinary shares outstanding - basic and diluted	3,441,729,444	3,441,729,444	2,400,874,197		889,521,200
Basic and diluted loss per share \| (per share)	$ (0.07)	¥ (0.46)	¥ (0.41)	$ (0.41)	¥ (1.31)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Shareholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Thousands				12 Months Ended
	Sep. 23, 2020 CNY (¥) shares	Feb. 29, 2020 $ / shares shares	Jan. 08, 2020 CNY (¥) shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2021 CNY (¥) shares	Dec. 17, 2021 USD ($) $ / shares shares	Sep. 03, 2021 shares	Dec. 31, 2020 $ / shares	Sep. 23, 2020 $ / shares	Apr. 07, 2020 $ / shares shares	Jan. 08, 2020 $ / shares shares
Class of Stock [Line Items]
Fair value per ordinary share \| $ / shares												$ 0.76
Shares repurchased during the period value \| ¥					¥ 26,700,000
Common Stock, Par or Stated Value Per Share \| $ / shares				$ 0.001			$ 0.001		$ 0.001
Common stock shares authorised				40,000,000,000	4,000,000,000	40,000,000,000	40,000,000,000
Common Stock, Shares, Issued				3,805,284,810	3,546,124,955	3,805,284,810
Common Stock, Value, Issued				$ 3,889	¥ 22,801,000	¥ 24,782,000	$ 40,000
Camelot Group [Member]
Class of Stock [Line Items]
Common Stock, Shares, Issued								247,475,446
NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Class of Stock [Line Items]
Sale of stock consideration received in the transaction \| ¥	¥ 1,881,233
Common Stock [Member]
Class of Stock [Line Items]
Shares repurchased during the period shares					5,475,254
Shares repurchased during the period value \| ¥					¥ 38,000
Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Common stock preferred stock and temporary equity shares authorised											4,000,000,000
Common Stock, Par or Stated Value Per Share \| $ / shares											$ 0.001
Common stock shares authorised											2,282,750,429
IPO [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares			30,000,000
Sale of stock issue price per share \| $ / shares												$ 1.13
Sale of stock consideration received in the transaction \| ¥			¥ 3,875,394
Number of shares of preferred stock converted into common stock												1,717,249,571
IPO [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares			450,000,000		517,500,000
Sale of stock issue price per share \| $ / shares												$ 17.00
Over-Allotment Option [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares			4,500,000
Over-Allotment Option [Member] \| NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares	1,250,000
Over-Allotment Option [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares			67,500,000
Over-Allotment Option [Member] \| Common Stock [Member] \| NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares	18,750,000
Follow On Offer [Member] \| NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares	120,000,000
Sale of stock issue price per share \| $ / shares										$ 2.07
Follow On Offer [Member] \| Common Stock [Member] \| NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Class of Stock [Line Items]
Stock shares issued during the period shares	8,000,000
Sale of stock issue price per share \| $ / shares										$ 31.00
Series A Convertible Preferred Shares [Member] \| Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Preferred stock shares authorised											458,116,000
Series B Convertible Redeemable Preferred Shares [Member] \| Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Temporary equity shares authorised											153,603,600
Series C Redeemable Convertible Preferred Shares [Member] \| Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Temporary equity shares authorised											185,665,192
Series D Redeemable Convertible Preferred Shares [Member] \| Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Temporary equity shares authorised											842,738,782
Series D Plus Redeemable Convertible Preferred Shares [Member] \| Revision In Authorised Capital [Member]
Class of Stock [Line Items]
Temporary equity shares authorised											77,125,997
Executive Officer [Member]
Class of Stock [Line Items]
Repurchase price per share \| $ / shares		$ 0.70
Shares repurchased during the period shares		5,475,254
Shares repurchased during the period value \| $				$ 0

Related Party Transactions - Schedule Of Related Parties And Nature Of Relationship (Detail)	12 Months Ended
	Dec. 31, 2021
Kingsoft Group [Member]
Related Party Transaction [Line Items]
Nature of Common Ownership or Management Control Relationships	Principal shareholder of the Company
Cheetah Group [Member]
Related Party Transaction [Line Items]
Nature of Common Ownership or Management Control Relationships	Entity that Kingsoft Corporation Limited exercises significant influence over
Xiaomi Group [Member]
Related Party Transaction [Line Items]
Nature of Common Ownership or Management Control Relationships	Entity controlled by a director of the Company

Related Party Transactions - Schedule Of Related Party Transactions (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 145,863	¥ 929,524	¥ 777,369	¥ 688,307
Related Party Transaction, Amounts of Transaction	14,412	91,843	63,878	41,734
Public cloud services [Member] \| Kingsoft Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	24,505	156,158	119,011	109,177
Public cloud services [Member] \| Cheetah Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			3,111	8,579
Public cloud services [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	117,628	749,597	655,165	570,431
Other Services [Member] \| Kingsoft Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	12	74
Other Services [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			82	120
Purchase of services [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	212	1,349	2,177	2,707
Interest expense on loan [Member] \| Kingsoft Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	641	4,088		4,925
Interest expense on loan [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	2,610	16,633
Rental of office space and administrative services [Member] \| Kingsoft Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	2,090	13,321	13,801	24,524
Rental of office space and administrative services [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	8,859	56,452	¥ 47,900	¥ 9,578
Enterprise cloud services [Member] \| Kingsoft Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	131	838
Enterprise cloud services [Member] \| Xiaomi Group [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 3,587	¥ 22,857

Related Party Transactions - Schedule Of Related Party Transactions (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Related Party Transaction [Line Items]
Operating lease right-of-use assets	$ 40,243	¥ 256,451	¥ 266,968
Operating lease liabilities	41,879	266,879
Xiaomi Group [Member]
Related Party Transaction [Line Items]
Operating lease right-of-use assets	33,024	210,551	243,585
Operating lease liabilities	$ 37,356	¥ 238,180	¥ 250,646

Related Party Transactions - Schedule Of Related Party Balances (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Amounts due from related parties:
Amounts due from related parties	$ 33,409	¥ 212,901	¥ 210,826
Amounts due to related parties:
Amounts due to related parties	205,461	1,309,317	112,998
Kingsoft Group [Member]
Amounts due from related parties:
Amounts due from related parties	5,921	37,731	45,258
Amounts due to related parties:
Amounts due to related parties	85,425	544,376	80,294
Xiaomi Group [Member]
Amounts due from related parties:
Amounts due from related parties	27,488	175,170	165,568
Amounts due to related parties:
Amounts due to related parties	$ 120,036	¥ 764,941	¥ 32,704

- Definition

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

+ Details

Related Party Transactions - Schedule Of Related Party Balances (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Related Party Transaction [Line Items]
Short-term Debt	$ 211,557	¥ 1,348,166	¥ 278,488
Short-term Debt, Current	211,557	1,348,166	¥ 278,488
Kingsoft Group [Member]
Related Party Transaction [Line Items]
Short-term Debt	$ 78,461	¥ 500,000
Short-term Debt, Percentage Bearing Fixed Interest Rate	4.65%	4.65%
Short-term Debt, Terms	November 2022
Short-term Debt, Current	$ 78,461	¥ 500,000
Xiaomi Group [Member]
Related Party Transaction [Line Items]
Short-term Debt	37,066	236,206
Short-term Debt, Current	37,066	236,206
Short-term Debt, Non Current	$ 74,206	¥ 472,882
Related party transaction, Terms and manner of settlement	3
Xiaomi Group [Member] \| Weighted Average [Member]
Related Party Transaction [Line Items]
Related party transaction, Rate	4.36%

Related Party Transactions - Schedule of Repayment of Related Party Loans in Fixed Quarterly Installments (Detail) - Dec. 31, 2021 - Xiaomi Group [Member] ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Related Party Debt By Maturity [Line Items]
2022	$ 37,066	¥ 236,206
2023	37,845	241,168
2024	36,361	231,714
Total	$ 111,272	¥ 709,088

Commitments and contingencies - Additional Information (Detail) - Dec. 31, 2021 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Commitments and Contingencies Disclosure [Abstract]
Capital expenditure commitments	$ 7,280	¥ 46,391

Accumulated Other Comprehensive Income (loss) -Schedule Of Accumulated Other Comprehensive Income (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Schedule Of Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		¥ (68,440)	¥ 484,348
Foreign currency translation adjustments		(139,442)	(552,788)
Ending Balance	$ (32,621)	¥ (207,882)	¥ (68,440)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Accumulated Other Comprehensive Income (loss) - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments tax	¥ 0	¥ 0

Subsequent Events - Additional Information (Detail) $ in Thousands	Mar. 31, 2022 USD ($)
Subsequent Event [member]
Subsequent Event [Line Items]
Stock repurchase program,authorized amount	$ 100,000

Condensed Financial Information of the Parent Company - Summary of Parent Company Balance Sheet (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 17, 2021 USD ($)	Jan. 01, 2021 USD ($)	Jan. 01, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Current assets:
Cash and cash equivalents	$ 661,822	¥ 4,217,528					¥ 3,424,674
Short-term investments	390,901	2,491,056					2,693,019
Prepayments and other assets	264,730	1,687,021					887,086
Total current assets	1,947,841	12,412,816					9,544,718
Non-current assets:
Total non-current assets	1,359,763	8,665,224					2,384,496
Total assets	3,307,604	21,078,040					11,929,214
Current liabilities:
Income tax payable	9,449	60,217					20,564
Total current liabilities	1,179,405	7,515,880					3,465,599
Other liabilities	193,434	1,232,677					40,578
Total non-current liabilities	324,787	2,069,737					223,565
Total liabilities	1,504,192	9,585,617					3,689,164
Shareholders' (deficit) equity:
Ordinary shares	3,889	24,782	$ 40,000				22,801
Additional paid-in capital	2,863,164	18,245,801					14,149,984
Accumulated deficit	(1,170,441)	(7,458,752)		$ 892	¥ 5,684		(5,864,356)
Accumulated other comprehensive income	(32,621)	(207,882)					(68,440)	¥ 484,348
Total equity	1,803,412	11,492,423					8,240,050	(4,197,259)	¥ (3,243,111)
Total liabilities, non-controlling interests and shareholders' equity	3,307,604	21,078,040					11,929,214
Parent Company [Member]
Current assets:
Cash and cash equivalents	10,889	69,393				$ 10,673	68,012	¥ 540,361	¥ 531,313
Short-term investments	161,547	1,029,472					217,448
Prepayments and other assets	8,414	53,618					266,280
Amounts due from subsidiaries	864,374	5,508,311					7,983,060
Total current assets	1,045,224	6,660,794					8,534,800
Non-current assets:
Investments in subsidiaries	836,146	5,328,424
Total non-current assets	836,146	5,328,424
Total assets	1,881,370	11,989,218					8,534,800
Current liabilities:
Accrued expenses and other liabilities	28,572	182,075					256,630
Income tax payable	519	3,307					2,524
Amounts due to subsidiaries	760	4,846					1,692
Amounts due to related parties	130	829					407
Total current liabilities	29,981	191,057					261,253
Other liabilities	187,398	1,194,212					33,558
Total non-current liabilities	187,398	1,194,212					33,558
Total liabilities	217,379	1,385,269					294,811
Shareholders' (deficit) equity:
Ordinary shares	3,889	24,782					22,801
Additional paid-in capital	2,863,164	18,245,801					14,149,984
Accumulated deficit	(1,170,441)	(7,458,752)					(5,864,356)
Accumulated other comprehensive income	(32,621)	(207,882)					(68,440)
Total equity	1,663,991	10,603,949					8,239,989
Total liabilities, non-controlling interests and shareholders' equity	$ 1,881,370	¥ 11,989,218					¥ 8,534,800

Condensed Financial Information of the Parent Company - Summary of Parent Company Balance Sheet Disclosure (Parenthetical) (Detail) - $ / shares	Dec. 31, 2021	Dec. 17, 2021	Dec. 31, 2020
Common stock, par or stated value per share	$ 0.001	$ 0.001	$ 0.001
Common stock shares authorised	40,000,000,000	40,000,000,000	4,000,000,000
Common stock, shares, issued	3,805,284,810		3,546,124,955
Common stock, shares, outstanding	3,646,381,840		3,339,618,633
Parent Company [Member]
Common stock, par or stated value per share	$ 0.001		$ 0.001
Common stock shares authorised	40,000,000,000		4,000,000,000
Common stock, shares, issued	3,805,284,810		3,546,124,955
Common stock, shares, outstanding	3,646,381,840		3,339,618,633

Condensed Financial Information of the Parent Company - Summary of Parent Company Income Statement (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Operating expenses:
General and administrative expenses	$ (94,420)	¥ (601,702)	¥ (379,892)	¥ (238,648)
Total operating expenses	(339,529)	(2,163,680)	(1,564,233)	(1,151,243)
Interest income	11,289	71,942	77,118	78,612
Foreign exchange (loss) gain	5,935	37,822	188,800	(38,961)
Other (expenses) income, net	14,915	95,047	(10,810)	6,612
Loss before income taxes	(247,311)	(1,576,015)	(947,294)	(1,102,196)
Income tax expense	(2,470)	(15,741)	(14,904)	(9,003)
Net loss attributable to Kingsoft Cloud Holdings Limited	(249,303)	(1,588,712)	(962,259)	(1,111,199)
Other comprehensive income (loss), net of tax of nil:
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders	(271,184)	(1,728,154)	(1,515,047)	(1,046,601)
Accretion to redemption value of redeemable convertible preferred shares	0	0	(19,768)	(49,725)
Comprehensive loss attributable to ordinary shareholders	(271,184)	(1,728,154)	(1,534,815)	(1,096,326)
Parent Company [Member]
Operating expenses:
General and administrative expenses	(6,420)	(40,913)	(27,052)	(6,734)
Total operating expenses	(6,420)	(40,913)	(27,052)	(6,734)
Interest income	2,389	15,224	10,199	52,829
Foreign exchange (loss) gain	1,601	10,198	30,931	(8,174)
Other (expenses) income, net	1,552	9,889	5,377	(300)
Share of losses of subsidiaries and the VIEs	(248,273)	(1,582,142)	(981,093)	(1,145,405)
Loss before income taxes	(249,151)	(1,587,744)	(961,638)	(1,107,784)
Income tax expense	(152)	(968)	(621)	(3,415)
Net loss attributable to Kingsoft Cloud Holdings Limited	(249,303)	(1,588,712)	(962,259)	(1,111,199)
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments	(21,881)	(139,442)	(552,788)	64,598
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders	(271,184)	(1,728,154)	(1,515,047)	(1,046,601)
Accretion to redemption value of redeemable convertible preferred shares	0	0	(19,768)	(49,725)
Comprehensive loss attributable to ordinary shareholders	$ (271,184)	¥ (1,728,154)	¥ (1,534,815)	¥ (1,096,326)

Condensed Financial Information of the Parent Company - Summary of Parent Company Cash Flow (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Net cash (used in) generated from operating activities	$ (111,236)	¥ (708,869)	¥ (290,433)	¥ (439,132)
Net cash generated from (used in) investing activities	(66,162)	(421,623)	(4,314,003)	883,247
Net cash generated from (used in) financing activities	347,187	2,212,487	6,124,153	64,507
Effect of exchange rate changes on cash and cash equivalents	(7,854)	(50,048)	(118,306)	7,570
Net increase in cash, cash equivalents, and restricted cash	169,789	1,081,995	1,519,717	508,622
Cash, cash equivalents, and restricted cash at beginning of year		3,424,674
Cash, cash equivalents, and restricted cash at end of year	661,822	4,217,528	3,424,674
Parent Company [Member]
Net cash (used in) generated from operating activities	184,857	1,178,019	(6,203,310)	(2,538,479)
Net cash generated from (used in) investing activities	(185,072)	(1,179,393)	(218,674)	2,166,312
Net cash generated from (used in) financing activities	(128)	(815)	5,945,666	370,294
Effect of exchange rate changes on cash and cash equivalents	559	3,570	3,969	10,921
Net increase in cash, cash equivalents, and restricted cash	216	1,381	(472,349)	9,048
Cash, cash equivalents, and restricted cash at beginning of year	10,673	68,012	540,361	531,313
Cash, cash equivalents, and restricted cash at end of year	$ 10,889	¥ 69,393	¥ 68,012	¥ 540,361