0001104659-22-129735 | 6-K | XBRL Viewer | Kingsoft Cloud Holdings LTD

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Cover Page	9 Months Ended
Cover Page	Sep. 30, 2022
Document and Entity Information
Entity Registrant Name	Kingsoft Cloud Holdings Ltd
Document Type	6-K
Document Period End Date	Sep. 30, 2022
Entity Central Index Key	0001795589
Amendment Flag	false
Current Fiscal Year End Date	--12-31

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 3,163,210	$ 444,677	¥ 2,732,331	$ 407,926	¥ 4,217,528
Restricted cash	43,144	6,065	44,439	6,635	239,093
Accounts receivable, net of allowance for credit losses of RMB32,265 and RMB93,904 (US$13,201) as of December 31, 2021 and September 30, 2022, respectively	2,566,969	360,859	2,872,904	428,913	3,570,975
Short-term investments	2,165,674	304,446	2,619,701	391,111	2,491,056
Prepayments and other assets	1,734,108	243,779	1,694,048	252,914	1,687,021
Amounts due from related parties	365,853	51,431	357,853	53,426	207,143
Total current assets	10,038,958	1,411,257	10,321,276	1,540,925	12,412,816
Non-current assets:
Property and equipment, net	2,350,671	330,452	2,449,659	365,724	2,364,103
Intangible assets, net	1,045,399	146,960	1,086,514	162,212	1,169,767
Goodwill	4,605,724	647,462	4,605,724	687,616	4,625,115
Prepayments and other assets	39,899	5,609	22,437	3,350	29,066
Equity investments	241,094	33,892	271,146	40,481	207,166
Amounts due from related parties	4,889	687	4,889	730	5,758
Deferred tax assets, net			13,464	2,010	7,798
Operating lease right-of-use assets	218,615	30,732	225,225	33,625	256,451
Total non-current assets	8,506,291	1,195,794	8,679,058	1,295,748	8,665,224
Total assets	18,545,249	2,607,051	19,000,334	2,836,673	21,078,040
Current liabilities:
Accounts payable (including accounts payable of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB2,733,487 and RMB2,278,371 (US$320,288) as of December 31, 2021 and September 30, 2022, respectively)	2,454,610	345,064	2,409,134	359,674	2,938,632
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 RMB1,208,868 and RMB594,513 (US$83,575) as of December 31, 2021 and September 30, 2022, respectively)	2,708,447	380,748	2,748,407	410,326	2,223,840
Short-term bank loans (including short-term bank loans of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB1,348,166 and RMB1,017,045 (US$142,974) as of December 31, 2021 and September 30, 2022, respectively)	1,041,045	146,348	1,266,270	189,049	1,348,166
Income tax payable (including income tax payable of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB1,026 and RMB nil as of December 31, 2021 and September 30, 2022, respectively)	40,926	5,753	43,163	6,444	60,217
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 RMB797,731 and RMB814,079 (US$114,441) as of December 31, 2021 and September 30, 2022, respectively)	851,851	119,751	826,042	123,325	836,435
Current operating lease liabilities (including current operating lease liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB70,672 and RMB61,386 (US$8,630) as of December 31, 2021 and September 30, 2022, respectively)	104,528	14,694	100,620	15,022	108,590
Total current liabilities	7,201,407	1,012,358	7,393,636	1,103,840	7,515,880
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 RMB472,882 and RMB488,020 (US$68,605) as of December 31, 2021 and September 30, 2022, respectively)	488,020	68,605	354,392	52,909	472,882
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB nil and RMB nil as of December 31, 2021 and September 30, 2022, respectively)	185,856	26,127	192,004	28,665	205,889
Other liabilities (including other liabilities of the consolidated VIEs and their subsidiaries without recourse to the primary beneficiary of RMB6,975 and RMB143,686 (US$20,199) as of December 31, 2021 and September 30, 2022, respectively)	219,244	30,821	206,611	30,846	1,232,677
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 RMB121,057 and RMB101,080 (US$14,210) as of December 31, 2021 and September 30, 2022, respectively)	139,594	19,624	138,433	20,668	158,289
Total non-current liabilities	1,032,714	145,177	891,440	133,088	2,069,737
Total liabilities	8,234,121	1,157,535	8,285,076	1,236,928	9,585,617
Shareholders' equity:
Ordinary shares (par value of US$0.001 per share; 40,000,000,000 shares authorized as of December 31, 2021 and September 30, 2022; 3,805,284,810 and 3,805,284,801 shares issued, 3,646,381,840 and 3,608,380,825 shares outstanding as of December 31, 2021 and September 30, 2022, respectively)	24,958	3,509	24,892	3,716	24,782
Treasury shares	(71,508)	(10,053)
Additional paid-in capital	18,512,795	2,602,488	18,458,178	2,755,733	18,245,801
Accumulated deficit	(9,608,058)	(1,350,679)	(8,814,998)	(1,316,045)	(7,458,752)
Accumulated other comprehensive (loss) income	589,241	82,834	175,099	26,142	(207,882)
Total Kingsoft Cloud Holdings Limited shareholders' equity	9,447,428	1,328,099	9,843,171	1,469,546	10,603,949
Non-controlling interests	863,700	121,417	872,087	130,199	888,474
Total equity	10,311,128	1,449,516	10,715,258	1,599,745	11,492,423
Total liabilities, non-controlling interests and shareholders' equity	¥ 18,545,249	$ 2,607,051	¥ 19,000,334	$ 2,836,673	¥ 21,078,040

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET (Parentheticals) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥) shares	Sep. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2021 $ / shares
Accounts receivable, net	¥ 93,904	$ 13,201	¥ 42,056	$ 6,279	¥ 32,265
Accounts payable	7,201,407	1,012,358	7,393,636	1,103,840	7,515,880
Accrued expenses and other current liabilities	2,708,447	380,748	2,748,407	410,326	2,223,840
Short-term bank loans	1,041,045	146,348	1,266,270	189,049	1,348,166
Income tax payable	40,926	5,753	43,163	6,444	60,217
Amounts due to related parties	851,851	119,751	826,042	123,325	836,435
Current operating lease liabilities	¥ 104,528	$ 14,694	¥ 100,620	$ 15,022	¥ 108,590
Common Stock, Par or Stated Value Per Share \| $ / shares		$ 0.001		$ 0.001		$ 0.001
Common stock shares authorized	40,000,000,000	40,000,000,000	40,000,000,000	40,000,000,000	40,000,000,000
Common Stock, Shares, Issued	3,805,284,801	3,805,284,801	3,805,284,801	3,805,284,801	3,805,284,810
Common Stock, Shares, Outstanding	3,608,380,825	3,608,380,825	3,663,417,840	3,663,417,840	3,646,381,840
Amounts due to related parties	¥ 488,020	$ 68,605	¥ 354,392	$ 52,909	¥ 472,882
Deferred tax liabilities	185,856	26,127	192,004	28,665	205,889
Other liabilities	219,244	30,821	206,611	30,846	1,232,677
Non-current operating lease liabilities	139,594	19,624	138,433	20,668	158,289
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Accounts payable	2,278,371	320,288	2,223,417	331,947	2,733,487
Accrued expenses and other current liabilities	594,513	83,575	703,730	105,064	1,208,868
Short-term bank loans	1,017,045	142,974	1,246,126	186,042	1,348,166
Income tax payable	0		2,217	331	1,026
Amounts due to related parties	814,079	114,441	791,908	118,229	797,731
Current operating lease liabilities	61,386	8,630	59,432	8,873	70,672
Amounts due to related parties	488,020	68,605	354,392	52,909	472,882
Deferred tax liabilities	0		0	0	0
Other liabilities	143,686	20,199	141,819	21,173	6,975
Non-current operating lease liabilities	¥ 101,080	$ 14,210	¥ 97,927	$ 14,620	¥ 121,057

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥) ¥ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 CNY (¥) ¥ / shares shares	Sep. 30, 2022 CNY (¥) ¥ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 CNY (¥) ¥ / shares shares
Revenues:
Total revenues	¥ 4,080,307	$ 609,174	¥ 3,987,219	¥ 6,049,094	$ 850,369	¥ 6,401,054
Cost of revenues (including related party amounts of RMB6 and RMB nil for the nine months ended September 30, 2021 and 2022, respectively)	(3,935,145)	(587,502)	(3,752,234)	(5,781,513)	(812,752)	(6,077,657)
Gross profit	145,162	21,672	234,985	267,581	37,617	323,397
Operating expenses:
Selling and marketing expenses	(290,615)	(43,388)	(208,884)	(433,978)	(61,008)	(341,086)
General and administrative expenses	(471,836)	(70,443)	(201,814)	(706,913)	(99,376)	(358,387)
Research and development expenses	(467,579)	(69,808)	(496,888)	(715,728)	(100,615)	(765,609)
Total operating expenses	(1,230,030)	(183,639)	(907,586)	(1,856,619)	(260,999)	(1,465,082)
Operating loss	(1,084,868)	(161,967)	(672,601)	(1,589,038)	(223,382)	(1,141,685)
Interest income	38,647	5,770	36,673	59,055	8,302	51,341
Interest expense	(68,273)	(10,193)	(10,555)	(106,118)	(14,918)	(24,832)
Foreign exchange loss	(247,978)	(37,022)	22,902	(466,919)	(65,638)	(9,541)
Other gain (loss), net	(27,966)	(4,175)	21,139	(70,209)	(9,870)	21,139
Other income, net	20,001	2,986	6,390	18,922	2,660	5,794
Loss before income taxes	(1,370,437)	(204,601)	(596,052)	(2,154,307)	(302,846)	(1,097,784)
Income tax expense	5,153	769	(6,755)	(12,424)	(1,747)	(11,759)
Net loss	(1,365,284)	(203,832)	(602,807)	(2,166,731)	(304,593)	(1,109,543)
Less: net income (loss) attributable to non-controlling interests	(9,038)	(1,349)	11	(17,425)	(2,450)	1,243
Net loss attributable to Kingsoft Cloud Holdings Limited	¥ (1,356,246)	$ (202,483)	¥ (602,818)	¥ (2,149,306)	$ (302,143)	¥ (1,110,786)
Net loss per share:
Basic \| (per share)	¥ (0.37)	$ (0.06)	¥ (0.18)	¥ (0.59)	$ (0.08)	¥ (0.33)
Diluted \| (per share)	¥ (0.37)	$ (0.06)	¥ (0.18)	¥ (0.59)	$ (0.08)	¥ (0.33)
Shares used in the net loss per share computation:
Basic	3,651,473,415	3,651,473,415	3,347,286,795	3,654,601,335	3,654,601,335	3,377,952,450
Diluted	3,651,473,415	3,651,473,415	3,347,286,795	3,654,601,335	3,654,601,335	3,377,952,450
Other comprehensive (loss) income, net of tax of nil:
Foreign currency translation adjustments	¥ 382,625	$ 57,124	¥ (62,115)	¥ 796,767	$ 112,008	¥ (20,442)
Comprehensive loss	(982,659)	(146,708)	(664,922)	(1,369,964)	(192,585)	(1,129,985)
Less: Comprehensive income (loss) attributable to non-controlling interests	(9,394)	(1,402)	11	(17,781)	(2,500)	1,243
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders	(973,265)	(145,306)	(664,933)	(1,352,183)	(190,085)	(1,131,228)
Public cloud service
Revenues:
Total revenues	2,669,951	398,613	2,942,610	4,015,989	564,559	4,628,609
Enterprise Cloud Services
Revenues:
Total revenues	1,409,083	210,371	1,042,177	2,031,058	285,522	1,769,042
Others
Revenues:
Total revenues	¥ 1,273	$ 190	¥ 2,432	¥ 2,047	$ 288	¥ 3,403

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parentheticals) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
Revenue from Related Parties	¥ 563,622	$ 84,147	¥ 453,024	¥ 827,298	$ 116,300	¥ 677,122
Cost from Related Parties	0	0	62	0		62
Other comprehensive (loss) income, tax	0		0	0		0
Public cloud services
Revenue from Related Parties	563,177	84,080	453,024	822,001	115,555	670,944
Enterprise Cloud Services
Revenue from Related Parties	¥ 34,707	$ 5,182	¥ 0	¥ 53,530	$ 7,525	¥ 6,178

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

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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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+ Details

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY ¥ in Thousands, $ in Thousands	Ordinary Shares CNY (¥) shares	Ordinary Shares USD ($) shares	Treasury shares CNY (¥)	Treasury shares USD ($)	Additional Paid-in Capital CNY (¥)	Additional Paid-in Capital USD ($)	Accumulated Other Comprehensive Income CNY (¥)	Accumulated Other Comprehensive Income USD ($)	Accumulated deficit CNY (¥)	Accumulated deficit USD ($)	Total Kingsoft Cloud Holdings Limited shareholders (deficit) equity CNY (¥)	Total Kingsoft Cloud Holdings Limited shareholders (deficit) equity USD ($)	Non-Controlling Interests CNY (¥)	Non-Controlling Interests USD ($)	CNY (¥) shares	USD ($) shares
Balance at the beginning at Dec. 31, 2020	¥ 22,801				¥ 14,149,984		¥ (68,440)		¥ (5,864,356)		¥ 8,239,989		¥ 61		¥ 8,240,050
Balance at the beginning (In shares) at Dec. 31, 2020 \| shares	3,339,618,633	3,339,618,633
Adoption of ASC 326									(5,684)		(5,684)				(5,684)
Business acquisition													27,258		27,258
Net loss									(602,818)		(602,818)		11		(602,807)
Other comprehensive income (loss)							(62,115)				(62,115)				(62,115)
Share-based compensation					199,205						199,205				199,205
Exercise and vesting of share-based awards	¥ 106				6,928						7,034				7,034
Exercise and vesting of share-based awards (In shares) \| shares	16,242,630	16,242,630
Balance at the end (In shares) at Jun. 30, 2021 \| shares	3,355,861,263	3,355,861,263
Balance at the end at Jun. 30, 2021	¥ 22,907				14,356,117		(130,555)		(6,472,858)		7,775,611		27,330		7,802,941
Balance at the beginning at Dec. 31, 2020	¥ 22,801				14,149,984		(68,440)		(5,864,356)		8,239,989		61		8,240,050
Balance at the beginning (In shares) at Dec. 31, 2020 \| shares	3,339,618,633	3,339,618,633
Adoption of ASC 326									(5,684)		(5,684)				(5,684)
Business acquisition	¥ 1,598				3,615,485						3,617,083		992,537		4,609,620
Business acquisition, Shares \| shares	247,475,446	247,475,446
Net loss									(1,110,786)		(1,110,786)		1,243		(1,109,543)
Other comprehensive income (loss)							(20,442)				(20,442)				(20,442)
Share-based compensation					309,211						309,211				309,211
Exercise and vesting of share-based awards	¥ 246				37,502						37,748				37,748
Exercise and vesting of share-based awards (In shares) \| shares	37,942,921	37,942,921
Balance at the end (In shares) at Sep. 30, 2021 \| shares	3,625,037,000	3,625,037,000
Balance at the end at Sep. 30, 2021	¥ 24,645				18,112,182		(88,882)		(6,980,826)		11,067,119		993,841		12,060,960
Balance at the beginning at Dec. 31, 2021	¥ 24,782				18,245,801		(207,882)		(7,458,752)		10,603,949		888,474		11,492,423
Balance at the beginning (In shares) at Dec. 31, 2021 \| shares	3,646,381,840	3,646,381,840
Net loss									(1,356,246)		(1,356,246)		(9,038)		(1,365,284)	$ (203,832)
Other comprehensive income (loss)							382,981				382,981		(356)		382,625
Capital contribution from non-controlling interests													2,143		2,143
Disposal of a subsidiary													(9,136)		(9,136)
Share-based compensation					206,739						206,739				206,739
Exercise and vesting of share-based awards	¥ 110				5,638						5,748				5,748
Exercise and vesting of share-based awards (In shares) \| shares	17,036,000	17,036,000
Balance at the end (In shares) at Jun. 30, 2022 \| shares	3,663,417,840	3,663,417,840
Balance at the end at Jun. 30, 2022	¥ 24,892	$ 3,716			18,458,178	$ 2,755,733	175,099	$ 26,142	(8,814,998)	$ (1,316,045)	9,843,171	$ 1,469,546	872,087	$ 130,199	10,715,258	1,599,745
Balance at the beginning at Dec. 31, 2021	¥ 24,782				18,245,801		(207,882)		(7,458,752)		10,603,949		888,474		11,492,423
Balance at the beginning (In shares) at Dec. 31, 2021 \| shares	3,646,381,840	3,646,381,840
Net loss									(2,149,306)		(2,149,306)		(17,425)		(2,166,731)	$ (304,593)
Other comprehensive income (loss)							797,123				797,123		(356)		796,767
Capital contribution from non-controlling interests													2,143		2,143
Disposal of a subsidiary													(9,136)		(9,136)
Share-based compensation					258,565						258,565				258,565
Exercise and vesting of share-based awards	¥ 176				8,429						8,605				8,605
Exercise and vesting of share-based awards (In shares) \| shares	26,626,965	26,626,965
Repurchase of ordinary shares			¥ (71,508)								(71,508)				¥ (71,508)
Repurchase of ordinary shares (In shares) \| shares	(64,627,980)	(64,627,980)													(64,627,980)	(64,627,980)
Balance at the end (In shares) at Sep. 30, 2022 \| shares	3,608,380,825	3,608,380,825
Balance at the end at Sep. 30, 2022	¥ 24,958	$ 3,509	¥ (71,508)	$ (10,053)	¥ 18,512,795	$ 2,602,488	¥ 589,241	$ 82,834	¥ (9,608,058)	$ (1,350,679)	¥ 9,447,428	$ 1,328,099	¥ 863,700	$ 121,417	¥ 10,311,128	$ 1,449,516

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - shares	6 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
Stock Issued During Period, Shares, Issued for Services	141,866,961	190,263,692	132,275,996	168,563,401

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended			12 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	¥ (1,365,284)	$ (203,832)	¥ (602,807)	¥ (2,166,731)	$ (304,593)	¥ (1,109,543)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	578,237	86,329	369,589	871,909	122,571	588,039
Share-based compensation	206,739	30,865	199,205	258,565	36,348	309,211
Provision for credit losses	141,331	21,100	17,677	238,529	33,532	46,019
Changes in fair value of equity investments				34,024	4,783	(21,139)
Impairment of equity investment	5,000	746		14,940	2,100
Changes in fair value of purchase consideration of a business acquisition	14,018	2,093		21,245	2,987
Impairment of contract costs	5,336	797		5,710	803
Foreign exchange loss	247,978	37,022	(22,902)	466,919	65,638	9,541
Deferred income tax	(22,584)	(3,372)	(29)	(23,036)	(3,239)	(1,123)
Non-cash operating lease expenses	36,261	5,414	26,385	52,903	7,437	39,474
Gain on disposal of property and equipment	(3,276)	(489)	(14)	(3,286)	(462)	(65)
Gain on disposal of equity investments \| ¥			(5,651)
Changes in fair value of financial instruments	8,825	1,318	(15,488)
Loss on disposal of a subsidiary	123	18
Changes in operating assets and liabilities:
Accounts receivable	564,547	84,286	(1,033,742)	774,920	108,937	(1,206,039)
Prepayments and other assets	14,289	2,133	70,650	(10,292)	(1,447)	(67,989)
Amounts due from related parties	(154,167)	(23,017)	9,310	(167,205)	(23,505)	(29,652)
Accounts payable	(504,843)	(75,371)	467,824	(497,331)	(69,914)	853,675
Accrued expenses and other liabilities	10,629	1,587	(249,439)	14,091	1,981	(110,943)
Operating lease liabilities	(32,861)	(4,906)	(3,007)	(37,823)	(5,317)	(25,779)
Amounts due to related parties	(17,584)	(2,625)	7,495	(19,941)	(2,803)	(25,870)
Income tax payable	(15,115)	(2,257)	4,114	(9,582)	(1,348)	5,308
Net cash used in operating activities	(282,401)	(42,161)	(760,801)	(181,472)	(25,511)	(746,875)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(1,062,070)	(158,563)	(430,784)	(1,314,826)	(184,835)	(550,800)
Disposals of property and equipment	5,215	779	91	5,224		1,384
Disposals of property and equipment					734
Purchases of intangible assets	(11,177)	(1,669)	(4,388)	(11,693)		(6,980)
Purchases of intangible assets					(1,644)
Purchases of short-term investments	(2,222,919)	(331,873)	(1,977,236)	(2,549,508)	(358,404)	(2,568,325)
Proceeds from maturities of short-term investments	2,218,877	331,270	2,131,310	3,122,483	438,952	2,698,186
Proceeds from disposal of equity investments \| ¥			58,476			58,476
Acquisition of equity investments	(63,356)	(9,459)		(63,356)			¥ (63,356)
Acquisition of equity investments					(8,906)			$ (8,906)
Acquisition of business, net of cash acquired	(130,813)	(19,530)	(72,615)	(130,813)	(18,389)	169,860
Disposal of a subsidiary	(2,577)	(385)		(2,577)	(362)
Asset-related government grants received	11,250	1,680	600	11,250	1,581	3,095
Net cash used in investing activities	(1,257,570)	(187,750)	(294,546)	(933,816)	(131,273)	(195,104)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of short-term bank loans	(573,225)	(85,580)	(183,598)	(907,599)	(127,588)	(476,869)
Proceeds from short-term bank loans	491,329	73,353	490,018	600,477	84,414	997,455
Payments of offering cost				(25,338)	(3,562)
Payments of offering costs	(1,458)	(218)
Payment of written put options on share repurchases	(33,557)	(5,010)
Capital contribution from non-controlling interests	2,143	320		2,143
Capital contribution from non-controlling interests					301
Repurchase of ordinary shares				(80,428)	(11,306)
Proceeds from loans due to related party			287,850	300,000	42,173	587,850
Repayment of loans due to related parties	(110,536)	(16,503)		(248,698)	(34,961)
Proceeds from exercise of options	10,508	1,569	7,032	13,953	1,961	19,030
Net cash generated from (used in) financing activities	(214,796)	(32,069)	601,302	(345,490)	(48,568)	1,127,466
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	74,916	11,185	(16,010)	210,511	29,592	(15,394)
Net increase (decrease) in cash and cash equivalents, and restricted cash	(1,754,767)	(261,980)	(454,045)	(1,460,778)	(205,352)	185,487
Cash and cash equivalents, and restricted cash at beginning of period	4,456,621	665,356	3,424,674	4,456,621	665,356	3,424,674	¥ 4,456,621	665,356
Cash and cash equivalents, and restricted cash at beginning of period		626,502			626,502			$ 626,502
Cash and cash equivalents, and restricted cash at end of period	2,776,770	414,561	2,954,619	3,206,354	450,742	3,594,767
Supplemental disclosures of cash flow information:
Restricted cash	44,439	6,635		43,144	6,065	150,593
Income taxes paid	32,547	4,859	2,642	45,045	6,332	7,574
Interest expense paid	69,686	10,404	9,777	101,963	14,334	16,051
Non-cash investing and financing activities:
Purchases of property and equipment included in accrued expenses and other liabilities	264,385	39,472	¥ 70,179	181,975	25,582	411,778
Non-cash acquisition of business \| ¥						3,617,083
Purchase consideration included in accrued expenses and other liabilities	1,219,591	182,080		1,228,271	172,668	1,374,012
Offering costs included in accrued expenses and other liabilities	26,551	3,964		23,528	3,308
Right-of use assets obtained in exchange of operating lease liabilities	24,918	3,720		28,496	4,006	¥ 45,003
Right-of use assets obtained in exchange of finance lease liabilities	¥ 124,754	$ 18,625		¥ 124,754
Right-of use assets obtained in exchange of finance lease liabilities					$ 17,538

ORGANIZATION AND BASIS OF PRESENTATION

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ORGANIZATION AND BASIS OF PRESENTATION

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, the variable interest entities and subsidiaries of the 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, variable interest entities, and subsidiaries of the variable interest entities, which are located in the People’s Republic of China (the “PRC”), Hong Kong (“HK”), Japan and the United States (the “U.S.”).

The Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:


			Percentage of
			equity
			interest
		Date of	attributable
	Place of	establishment/	to the
Name	establishment	acquisition	Company		Principal activities
Subsidiaries:
Kingsoft Cloud Corporation Limited	HK	February 1, 2012	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 Co., Ltd. (“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:
Kingsoft Cloud (Tianjin) Technology Development Co., Ltd.	PRC	May 30, 2019	Nil		Cloud services
Wuhan Kingsoft Cloud Information Technology Co., Ltd.	PRC	December 26, 2017	Nil		Cloud services
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”

1.	ORGANIZATION AND BASIS OF PRESENTATION (continued)

These unaudited interim consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information using accounting policies that are consistent with those used in the preparation of the Company’s audited consolidated financial statements for the year ended December 31, 2021.

In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal recurring adjustments necessary to present fairly the financial position, operating results and cash flows of the Company for each of the periods presented. The results of operations for the six months ended June 30, 2022 are not necessarily indicative of results to be expected for any other interim period or for the full year of 2022. The consolidated balance sheet as of December 31, 2021 was derived from the audited consolidated financial statements at that date but does not include all of the disclosures required by U.S. GAAP for annual financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2021.

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 the WFOE has effective control of the VIEs through a series of contractual arrangements (the “Contractual Agreements”). 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. Therefore, the Company is the primary beneficiary of the VIEs. 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”).

1.	ORGANIZATION AND BASIS OF PRESENTATION (continued)

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, interim consolidated statements of comprehensive loss and interim consolidated statements of cash flows:


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,209,647	783,302	116,944
Restricted cash	89,704	18,271	2,729
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB39,635 (US$5,917) as of December 31, 2021 and June 30, 2022, respectively	3,170,860	2,419,642	361,243
Prepayments and other assets	907,350	914,962	136,600
Amounts due from related parties	184,137	337,212	50,344
Amounts due from subsidiaries of the Group	2,157,428	2,051,669	306,306
Total current assets	8,719,126	6,525,058	974,166
Non-current assets:
Property and equipment, net	2,157,093	2,246,421	335,382
Intangible assets, net	93,662	86,198	12,869
Prepayments and other assets	27,036	22,039	3,290
Goodwill	64,082	48,814	7,288
Equity investments	162,244	167,185	24,960
Amounts due from related parties	4,712	4,712	703
Operating lease right-of-use assets	184,908	145,496	21,722
Total non-current assets	2,693,737	2,720,865	406,214
Total assets	11,412,863	9,245,923	1,380,380
LIABILITIES
Current liabilities:
Accounts payable	2,733,487	2,223,417	331,947
Accrued expenses and other liabilities	1,208,868	703,730	105,064
Short-term bank loans	1,348,166	1,246,126	186,042
Income tax payable	1,026	2,217	331
Amounts due to related parties	797,731	791,908	118,229
Current operating lease liabilities	70,672	59,432	8,873
Amounts due to subsidiaries of the Group	1,597,946	3,794,858	566,557
Total current liabilities	7,757,896	8,821,688	1,317,043
Non-current liabilities:
Other liabilities	6,975	141,819	21,173
Non-current operating lease liabilities	121,057	97,927	14,620
Amounts due to related parties	472,882	354,392	52,909
Amounts due to subsidiaries of the Group	7,486,525	5,425,481	810,003
Total non-current liabilities	8,087,439	6,019,619	898,705
Total liabilities	15,845,335	14,841,307	2,215,748

1.	ORGANIZATION AND BASIS OF PRESENTATION (continued)


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues	3,767,516	2,630,443	392,715
Net loss	(675,966)	(1,309,784)	(195,546)
Net cash used in operating activities	(937,775)	(202,932)	(30,297)
Net cash used in investing activities	(415,827)	(968,429)	(144,583)
Net cash generated from (used in) financing activities	1,167,581	(212,577)	(31,737)

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 of 94.5% and 64.5% of the Group’s consolidated revenue for the six months ended June 30, 2021 and 2022, respectively, after elimination of inter-entity transactions.

As of December 31, 2021 and June 30, 2022, except for RMB702,424 and RMB514,963 (US$76,882) of VIEs’ subsidiaries’ electronic equipment that was secured for the loans borrowed from Xiaomi Group (Note 18), and RMB89,704 and RMB18,271 (US$2,728) of a VIE’s subsidiary’s restricted cash that was secured for certain payables to suppliers and to guarantee certain revenue contracts, respectively, 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 VIE’s subsidiaries are without recourse to the Company.

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, the variable interest entities, and subsidiaries of the 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, variable interest entities, and subsidiaries of the variable interest entities, which are located in the People’s Republic of China (the “PRC”), Hong Kong (“HK”), Japan and the United States (the “U.S.”).

The Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:


			Percentage of
			equity
			interest
		Date of	attributable
	Place of	establishment/	to the
Name	establishment	acquisition	Company		Principal activities
Subsidiaries:
Kingsoft Cloud Corporation Limited	HK	February 1, 2012	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 Co., Ltd. (“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:
Kingsoft Cloud(Tianjin) Technology Development Co., Ltd.	PRC	May 30, 2019	Nil		Cloud services
Wuhan Kingsoft Cloud Information Technology Co., Ltd.	PRC	December 26, 2017	Nil		Cloud services
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”

1.	ORGANIZATION AND BASIS OF PRESENTATION (Continued)

These unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information using accounting policies that are consistent with those used in the preparation of the Company’s audited consolidated financial statements for the year ended December 31, 2021.

In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements contain all normal recurring adjustments necessary to present fairly the financial position, operating results and cash flows of the Company for each of the periods presented. The results of operations for the nine months ended September 30, 2022 are not necessarily indicative of results to be expected for any other interim period or for the full year of 2022. The consolidated balance sheet as of December 31, 2021 was derived from the audited consolidated financial statements at that date but does not include all of the disclosures required by U.S. GAAP for annual financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2021.

1.	ORGANIZATION AND BASIS OF PRESENTATION (Continued)

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 condensed consolidated balance sheets, interim condensed consolidated statements of comprehensive loss and interim condensed consolidated statements of cash flows:


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,209,647	497,173	69,891
Restricted cash	89,704	16,170	2,273
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB61,140 (US$8,595) as of December 31, 2021 and September 30, 2022, respectively	3,170,860	2,144,817	301,514
Prepayments and other assets	907,350	948,865	133,389
Amounts due from related parties	184,137	345,406	48,556
Amounts due from subsidiaries of the Group	2,157,428	2,091,616	294,036
Total current assets	8,719,126	6,044,047	849,659
Non-current assets:
Property and equipment, net	2,157,093	2,169,005	304,915
Intangible assets, net	93,662	82,449	11,590
Prepayments and other assets	27,036	22,469	3,159
Goodwill	64,082	48,814	6,862
Equity investments	162,244	157,244	22,105
Amounts due from related parties	4,712	4,712	662
Operating lease right-of-use assets	184,908	143,069	20,112
Total non-current assets	2,693,737	2,627,762	369,405
Total assets	11,412,863	8,671,809	1,219,064
LIABILITIES
Current liabilities:
Accounts payable	2,733,487	2,278,371	320,288
Accrued expenses and other liabilities	1,208,868	594,513	83,575
Short-term bank loans	1,348,166	1,017,045	142,974
Income tax payable	1,026	—	—
Amounts due to related parties	797,731	814,079	114,441
Current operating lease liabilities	70,672	61,386	8,630
Amounts due to subsidiaries of the Group	1,597,946	1,195,853	168,111
Total current liabilities	7,757,896	5,961,247	838,019
Non-current liabilities:
Other liabilities	6,975	143,686	20,199
Non-current operating lease liabilities	121,057	101,080	14,210
Amounts due to related parties	472,882	488,020	68,605
Amounts due to subsidiaries of the Group	7,486,525	8,255,554	1,160,547
Total non-current liabilities	8,087,439	8,988,340	1,263,561
Total liabilities	15,845,335	14,949,587	2,101,580

1.	ORGANIZATION AND BASIS OF PRESENTATION (Continued)


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues	5,834,129	3,878,645	545,251
Net loss	(1,250,943)	(2,016,156)	(283,427)
Net cash used in operating activities	(1,083,760)	(293,061)	(41,198)
Net cash used in investing activities	(532,270)	(967,933)	(136,070)
Net cash generated from (used in) financing activities	1,762,747	(279,819)	(39,336)

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 of 91.14% and 64.12% of the Group’s consolidated revenue for the nine months ended September 30, 2021 and 2022, respectively, after elimination of inter-entity transactions.

As of December 31, 2021 and September 30, 2022, except for RMB702,424 and RMB735,550 (US$103,402) of VIEs’ subsidiaries’ electronic equipment that was secured for the loans borrowed from Xiaomi Group (Note 18), and RMB89,704 and RMB16,170 (US$2,273) of a VIE’s subsidiary’s restricted cash that was secured for certain payables to suppliers and to guarantee certain revenue contracts, respectively, 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

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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 interim consolidated financial statements include, but are not limited to, allowance for credit losses for accounts receivable, contract assets and amounts due from related parties, measurement of operating and finance 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Convenience translation

Amounts in U.S. dollars are presented for the convenience of the reader and are translated at the noon buying rate of RMB6.6981 per US$1.00 on June 30, 2022 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

Equity investments

Equity investments with readily determinable fair value

Equity investments with readily determinable fair value, except for those accounted for under the equity method and those that result in consolidation of the investee, are measured at fair value, and any changes in fair value are recognized in the consolidated statements of comprehensive loss.

In 2022, the Group purchased equity interest of a company listed on the HK Stock Exchange for a cash consideration of RMB63,356 (US$9,459). RMB8,825(US$1,318) of unrealized losses resulting from the change in fair value of the equity investments were recorded in “Other gain (loss), net” on the interim condensed consolidated statement of comprehensive loss for the six months ended June 30, 2022.

Equity investments without readily determinable fair value

The Group’s equity investments without readily determinable fair value 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. 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Equity investments (continued)

Equity investments without readily determinable fair value (continued)

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.

In February 2022, the Group disposed certain equity interests in Beijing Yunshu Xunlian Technology Co., Ltd. (“Beijing Yunshu”), and deconsolidated Beijing Yunshu’s financial results from the Group’s consolidated financial statements from the date of disposal. The Group measured its remaining interests in Beijing Yunshu at fair value upon deconsolidation, and the loss recognized from the disposal of Beijing Yunshu was immaterial. Subsequent to the deconsolidation, the Group owns 15.63% equity interests in Beijing Yunshu and the remaining equity interests are accounted for using the measurement alternative.

The total carrying value of equity investments held as of December 31, 2021 and June 30, 2022 were as follows:


	As at	As at
	December 31,	June 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	18,542
Cumulative unrealized gains	96,793	96,793	14,451
Cumulative unrealized losses (including impairment)	—	(5,000)	(746)
Foreign currency translation	(3,883)	(1,820)	(272)
Total carrying value	207,166	214,169	31,975

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	9,459
Cumulative unrealized losses	—	(8,825)	(1,318)
Foreign currency translation	—	2,446	365
Total carrying value	—	56,977	8,506

	207,166	271,146	40,481

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Fair value measurements

Financial instruments of the Group primarily include cash and cash equivalents, restricted cash, short-term investments, accounts receivable, 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 without readily determinable fair value, 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 Group measures equity investments with readily determinable fair value using the market approach based on the quoted prices in an active market. 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. 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 currently be required to replace an asset.

Assets and liabilities measured at fair value on a recurring basis


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable
	Total Fair	identical	inputs	inputs	Total
	Value	assets (Level 1)	(Level 2)	(Level 3)	losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of June 30, 2022 (unaudited)
Purchase consideration payable	(1,219,591)	—	(1,219,591)	—	(14,018)
Equity investments with readily determinable fair value	56,977	56,977	—	—	(8,825)

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Assets and liabilities measured at fair value on a non-recurring basis


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable	Total
	Total Fair	identical	inputs	inputs	gains
	Value	assets (Level 1)	(Level 2)	(Level 3)	(losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of June 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	214,169	—	—	214,169	(5,000)

The non-recurring fair value measurements to the carrying amount of equity investments accounted for using measurement alternative usually requires management to estimate a price adjustment for the different rights and obligations between a similar instrument of the same issuer with an observable price change in an orderly transaction and the investment held by the Group. These non-recurring fair value measurements were measured by using the observable transaction price and other unobservable inputs (level 3) as of the observable transaction dates, which were expected not significantly differ from the ones measured as of the end of respective year/period.

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.

Accounts receivable and contract assets, net

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 interim 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Leases

The Group determines if an arrangement is a lease or contains a lease at lease inception. For leases with lease and non-lease components, the Group has elected to apply the practical expedient to not separate the lease component and its associated non-lease component. 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. Variable lease payments that do not depend on an index or a rate are not included in the lease payments and are recognized in earnings in the period in which the event or condition that triggers the payment occurs. The Group has also elected the practical expedient the short-term lease exemption for contracts with lease terms of 12 months or less.

Operating lease expense is recorded on a straight-line basis over the lease term. Finance lease right-of-use assets are depreciated on a straight-line basis over the lesser of the useful life of the leased assets or the lease term. Interests on finance lease liabilities are determined as the amount that results in a constant periodic discount rate on the remaining balance of the liability. Finance lease assets are included in “Property and equipment, net” in the consolidated balance sheets. Current and non-current portions of finance lease liabilities are included in “Accrued expenses and other liabilities” and “Other liabilities”, respectively, in the consolidated balance sheets.

As most of the Company’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.

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, 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Share-based compensation (continued)

A change in the terms or conditions of share options is accounted for as a modification of share-based awards. The Group calculates the incremental compensation cost of a modification as the excess of the fair value of the modified option over the fair value of the original option immediately before its terms are modified, measured based on the share price and other pertinent factors at the modification date. For vested share-based awards, the Group recognizes incremental compensation cost in the period the modification occurred. For unvested share-based award, the Group recognizes, over the remaining requisite service period, the sum of the incremental compensation cost and the remaining unrecognized compensation cost for the original award on the modification date.

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 RMB113,658 and RMB213,183 (US$31,827) for the six months ended June 30, 2021 and 2022, respectively.

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, 2021, the Group had two customers, with accounts receivable balances exceeding 10% of the total accounts receivable balances. As of June 30, 2022, the Group had one customer accounted for more than 10% of the total accounts receivable balance. As of December 31, 2021 and June 30, 2022, the Group had one customer, with 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Impact of COVID-19

For the six months ended June 30, 2021, COVID-19 has had immaterial impact on the Group’s operations. For the six months ended June 30, 2022, the Group’s operations were negatively impacted by the resurgence of COVID-19. 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 adopted this guidance on January 1, 2022 and does not expect any material impact on the Group’s consolidated financial statements as a result of adopting the new standard.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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 interim condensed consolidated financial statements include, but are not limited to, allowance for credit losses for accounts receivable, contract assets and amounts due from related parties, measurement of operating and finance 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Convenience translation

Amounts in U.S. dollars are presented for the convenience of the reader and are translated at the noon buying rate of RMB7.1135 per US$1.00 on September 30, 2022 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

Equity investments

Equity investments with readily determinable fair value

Equity investments with readily determinable fair value, except for those accounted for under the equity method and 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 the consolidated statements of comprehensive loss.

In 2022, the Group purchased equity interests of a company listed on the HK Stock Exchange for a cash consideration of RMB63,356 (US$8,906). RMB33,901 (US$4,766) of unrealized losses resulting from the change in fair value of the equity investments were recognized in “Other gain (loss), net” on the interim condensed consolidated statement of comprehensive loss for the nine months ended September 30, 2022.

Equity investments without readily determinable fair value

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Equity investments (Continued)

Equity investments without readily determinable fair value (Continued)

The total carrying value of equity investments held as December 31, 2021 and September 30, 2022 were as follows:


	As at	As at
	December 31,	September 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	17,459
Cumulative unrealized gains	96,793	96,793	13,607
Cumulative unrealized losses (including impairment)	—	(14,940)	(2,100)
Foreign currency translation	(3,883)	880	124
Total carrying value	207,166	206,929	29,090

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	8,906
Cumulative unrealized losses	—	(33,901)	(4,766)
Foreign currency translation	—	4,710	662
Total carrying value	—	34,165	4,802
	207,166	241,094	33,892

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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair value measurements (Continued)

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.

Assets and liabilities measured at fair value on a recurring basis



		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs
	Value	(Level 1)	(Level 2)	(Level 3)	Total losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of September 30, 2022 (unaudited)
Purchase consideration payable	(1,228,271)	—	(1,228,271)	—	(21,245)
Equity investments with readily determinable fair value	34,165	34,165	—	—	(33,901)

Assets and liabilities measured at fair value on a non-recurring basis


		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs	Total
	Value	(Level 1)	(Level 2)	(Level 3)	gains (losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of September 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	206,929	—	—	206,929	(14,940)

The non-recurring fair value measurements to the carrying amount of equity investments accounted for using measurement alternative usually requires management to estimate a price adjustment for the different rights and obligations between a similar instrument of the same issuer with an observable price change in an orderly transaction and the investment held by the Group. These non-recurring fair value measurements were measured as of the observable transaction dates, which expect not to significantly differ from the ones measured as of the end of respective periods.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.

Accounts receivable and contract assets, net

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 interim condensed 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.

Treasury shares

Treasury shares represent ordinary shares repurchased by the Company that are no longer outstanding and are held by the Company. Treasury shares are accounted for under the cost method. Under this method, repurchase of ordinary shares was recorded as treasury shares at historical purchase price.

Share-based compensation

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Leases

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.

Concentration of credit risk

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, 2021, the Group had two customers, with accounts receivable balances exceeding 10% of the total accounts receivable balances. As of September 30, 2022, the Group had one customer, with accounts receivable balance exceeding 10% of the total accounts receivable balance. As of December 31, 2021 and September 30, 2022, the Group had one customer, with contract asset balance exceeding 10% of the total contract asset 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.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Impact of COVID-19

For the nine months ended September 30, 2021, COVID-19 has had immaterial impact on the Group’s operations. For the nine months ended September 30, 2022, the Group’s operations were negatively impacted by the resurgence of COVID-19. 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

BUSINESS COMBINATION

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

BUSINESS COMBINATION

BUSINESS COMBINATION

3.	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$18,871). The Group recognized RMB586 (US$87) of net assets acquired excluding intangible assets, RMB77,000 (US$11,496) of intangible assets which comprised of technology, trademark and domain name, and RMB48,814 (US$7,288) 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.

3.	BUSINESS COMBINATION (continued)

Acquisition of Camelot

In September 2021, the Group completed the acquisition of 100% equity interests in Camelot Employee Scheme INC. (“CES”), which legally held 79.53% equity interests in Beijing Camelot and its subsidiaries (collectively referred to as “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$789,859), which consisted of cash consideration of RMB751,974 (US$112,267) and equity consideration of RMB4,538,579 (US$677,592). Goodwill recognized represents the expected synergies from integrating Camelot with the Group’s existing enterprise cloud business and is not tax deductible.

During the second quarter of 2022, the Group completed the allocation of the purchase price to the individual assets acquired and liabilities assumed. The table below summarizes the final determination of 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	789,859
Less:
Cash and cash equivalents	618,439	92,331
Restricted cash	1,126	168
Accounts receivable and other assets	940,511	140,415
Property and equipment, net	13,792	2,059
Intangible assets:
Customer relationship	620,100	92,578
Trademarks	474,000	70,766
Copyrights	34,100	5,091
Deferred tax assets	54,419	8,125
Deferred tax liabilities	(268,490)	(40,085)
Accounts payable and other liabilities	(871,903)	(130,172)
Non-controlling interests	(882,451)	(131,746)
Goodwill	4,556,910	680,329

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.

3.	BUSINESS COMBINATION

Acquisition of Shenzhen Yunfan

The total cash purchase price consideration was RMB126,400 (US$17,769). The Group recognized RMB586 (US$82) of net assets acquired excluding intangible assets, RMB77,000 (US$10,824) of intangible assets which comprised of technology, trademark and domain name,and RMB48,814 (US$6,862) 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 Camelot

In September 2021, the Group completed the acquisition of 100% equity interests in Camelot Employee Scheme INC. (“CES”), which legally held 79.53% equity interests in Camelot Technology Co., Ltd. (“Beijing Camelot”) and its subsidiaries (collectively referred to as “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.

3.	BUSINESS COMBINATION (Continued)

Acquisition of Camelot (Continued)

The total purchase consideration was RMB5,290,553 (US$743,734), which consisted of cash consideration of RMB751,974 (US$105,711) and equity consideration of RMB4,538,579 (US$638,023). Goodwill recognized represents the expected synergies from integrating Camelot with the Group’s existing enterprise cloud business and is not tax deductible. During the second quarter of 2022, the Group completed the allocation of the purchase price to the individual assets acquired and liabilities assumed. The table below summarizes the final determination of 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	743,734
Less:
Cash and cash equivalents	618,439	86,939
Restricted cash	1,126	158
Accounts receivable and other assets	940,511	132,215
Property and equipment, net	13,792	1,939
Intangible assets:
Customer relationship	620,100	87,172
Trademarks	474,000	66,634
Copyrights	34,100	4,794
Deferred tax assets	54,419	7,650
Deferred tax liabilities	(268,490)	(37,744)
Accounts payable and other liabilities	(871,903)	(122,570)
Non-controlling interests	(882,451)	(124,053)
Goodwill	4,556,910	640,600

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

4.	REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

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


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Public cloud services recognized over time	2,942,610	2,669,951	398,613
Enterprise cloud services:
Recognized at a point in time	1,037,555	351,374	52,459
Recognized over time	4,622	1,057,709	157,912
	1,042,177	1,409,083	210,371
Others:
Recognized at a point in time	1,171	—	—
Recognized over time	1,261	1,273	190
	2,432	1,273	190
	3,987,219	4,080,307	609,174

The transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at June 30, 2022 are primarily related to enterprise cloud services, which are as follows:


	RMB	US$
	(unaudited)	(unaudited)
Within one year	30,361	4,533
More than one year	21,034	3,140
Total	51,395	7,673

4.	REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET (continued)

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 six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenue recognized from amounts included in contract liabilities at the beginning of the period	46,123	139,661	20,851

The following table presents the Group’s other gain (loss), net:


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)

Gross unrealized gain on equity investments held	15,488	—	—
Gross unrealized loss (including impairment) on equity investments held	—	(13,825)	(2,064)
Net realized gain (loss) on equity investments sold	5,651	(123)	(18)
Changes in fair value of purchase consideration in a business acquisition	—	(14,018)	(2,093)
	21,139	(27,966)	(4,175)

The following table presents the Group’s other income (expense), net:


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Government grants	8,612	23,895	3,567
Income from ADS Reimbursement (Note 11)	5,016	5,056	755
Value added tax transferred out	(6,223)	(6,291)	(939)
Gain on disposal of property and equipment	14	3,276	489
Others	(1,029)	(5,935)	(886)
	6,390	20,001	2,986

4.	REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

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


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Public cloud services recognized over time	4,628,609	4,015,989	564,559
Enterprise cloud services:
Recognized at a point in time	1,579,876	440,821	61,970
Recognized over time	189,166	1,590,237	223,552
	1,769,042	2,031,058	285,522
Others:
Recognized at a point in time	1,134	—	—
Recognized over time	2,269	2,047	288
	3,403	2,047	288
	6,401,054	6,049,094	850,369

The transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as of September 30, 2022 are primarily related to enterprise cloud services, which are as follows:


	RMB	US$
	(unaudited)	(unaudited)
Within one year	38,698	5,440
More than one year	41,530	5,838
Total	80,228	11,278

Contract Balances


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenue recognized from amounts included in contract liabilities at the beginning of the period	78,808	160,377	22,545

4.	REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET (Continued)

The following table presents the Group’s other gain (loss), net:


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Gross unrealized gain on equity investments held	15,488	—	—
Gross unrealized loss (including impairment) on equity investments held	—	(48,841)	(6,866)
Net realized gain (loss) on equity investments sold	5,651	(123)	(17)
Changes in fair value of purchase consideration in a business acquisition	—	(21,245)	(2,987)
	21,139	(70,209)	(9,870)

The following table presents the Group’s other income (expense), net:


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Government grants	11,386	27,165	3,819
Income from ADS Reimbursement (Note 11)	7,498	7,646	1,075
Value added tax transferred out	(9,419)	(9,488)	(1,334)
Gain on disposal of property and equipment	65	3,286	462
Others	(3,736)	(9,687)	(1,362)
	5,794	18,922	2,660

ACCOUNTS RECEIVABLE, NET

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

5.	ACCOUNTS RECEIVABLE, NET


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Accounts receivable	3,603,240	2,914,960	435,192
Allowance for credit losses	(32,265)	(42,056)	(6,279)
Accounts receivable, net	3,570,975	2,872,904	428,913

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


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Balance at beginning of the period	15,770	32,265	4,817
Adoption of ASC 326*	5,684	—	—
Provision for expected credit losses	23,060	140,926	21,040
Write-offs charged against the allowance	(26,757)	(117,645)	(17,564)
Recoveries during the period	(5,383)	(13,490)	(2,014)
Balance at end of the period	12,374	42,056	6,279

Starting from January 1, 2021, the Group adopted ASC 326, which amends previously issued 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 of RMB5,684.

5.	ACCOUNTS RECEIVABLE, NET


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Accounts receivable	3,603,240	2,660,873	374,060
Allowance for credit losses	(32,265)	(93,904)	(13,201)
Accounts receivable, net	3,570,975	2,566,969	360,859

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


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Balance at beginning of the period	15,770	32,265	4,536
Adoption of ASC 326*	5,684	—	—
Provision for expected credit losses	53,741	249,293	35,045
Write-offs charged against the allowance	(52,279)	(160,359)	(22,543)
Recoveries during the period	(7,722)	(27,295)	(3,837)
Balance at end of the period	15,194	93,904	13,201

PREPAYMENTS AND OTHER ASSETS

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

PREPAYMENTS AND OTHER ASSETS

PREPAYMENTS AND OTHER ASSETS

6.	PREPAYMENTS AND OTHER ASSETS


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Prepayments to suppliers	162,528	162,998	24,335
Contract costs*	145,628	202,629	30,252
Contract assets, net**	550,068	542,967	81,063
VAT prepayments	619,391	582,751	87,002
Interest receivable	21,463	14,931	2,229
Deferred offering costs	—	24,815	3,705
Individual income tax receivable*** (Note 11)	48,949	7,051	1,053
Others	138,994	155,906	23,275
	1,687,021	1,694,048	252,914
Non-current portion:
Prepayments for electronic equipment	25,388	20,372	3,042
Others	3,678	2,065	308
	29,066	22,437	3,350

*	Represents costs incurred in advance of revenue recognition arising from direct and incremental costs 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 end of respective periods. The allowance for credit losses on contract assets were RMB1,591 and RMB11,100 (US$1,657) as of December 31, 2021 and June 30, 2022, respectively. The amounts charged to expenses for credit losses on contract assets were RMB nil and RMB9,509 (US$1,420), and write-offs charged against the allowance were RMB nil and RMB nil (US$ nil), respectively, for the six months ended June 30, 2021 and 2022.

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

Except disclosed separately, the expected credit loss rate and the loss allowance for the remaining financial assets included in prepayments and other assets were immaterial as of December 31, 2021 and June 30, 2022.

6.	PREPAYMENTS AND OTHER ASSETS


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Prepayments to suppliers	162,528	177,578	24,964
Contract costs*	145,628	214,477	30,151
Contract assets, net**	550,068	541,640	76,143
VAT prepayments	619,391	604,081	84,920
Interest receivable	21,463	20,641	2,902
Deferred offering costs	—	38,872	5,465
Individual income tax receivable*** (Note 11)	48,949	2,135	300
Others	138,994	134,684	18,934
	1,687,021	1,734,108	243,779
Non-current portion:
Prepayments for electronic equipment	25,388	39,421	5,542
Others	3,678	478	67
	29,066	39,899	5,609

*	Represents costs incurred in advance of revenue recognition arising from direct and incremental costs 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 end of respective periods. The allowance for credit losses on contract assets was RMB1,591 and RMB13,150 (US$1,849) as of December 31, 2021 and September 30, 2022, respectively. The amounts charged to expenses for credit losses on contract assets were RMB nil and RMB11,559 (US$1,625), and write-offs charged against the allowance were RMB nil and RMB nil (US$ nil) for the nine months ended September 30, 2021 and 2022, respectively.

***	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

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

7.	PROPERTY AND EQUIPMENT, NET


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Electronic equipment	5,123,149	5,545,846	827,973
Office equipment and fixtures	15,462	15,680	2,341
Data center machinery and equipment	144,328	269,082	40,173
Building	15,768	160,857	24,015
Construction in progress	147,817	3,667	547
	5,446,524	5,995,132	895,049
Less: accumulated depreciation	(3,082,421)	(3,545,473)	(529,325)
Property and equipment, net	2,364,103	2,449,659	365,724

Depreciation expense of the property and equipment for the six months ended June 30, 2021 and 2022 were RMB361,901 and RMB492,579 (US$73,541), respectively.

7.	PROPERTY AND EQUIPMENT, NET


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Electronic equipment	5,123,149	5,652,799	794,658
Office equipment and fixtures	15,462	15,633	2,198
Data center machinery and equipment	144,328	269,082	37,827
Building	15,768	161,007	22,634
Construction in progress	147,817	3,691	518
	5,446,524	6,102,212	857,835
Less: accumulated depreciation	(3,082,421)	(3,751,541)	(527,383)
Property and equipment, net	2,364,103	2,350,671	330,452

Depreciation expense of the property and equipment for the nine months ended September 30, 2021 and 2022 were RMB558,546 and RMB742,632 (US$104,398), respectively.

INTANGIBLE ASSETS, NET

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

8.	INTANGIBLE ASSETS, NET


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Customer relationships	620,100	620,500	92,638
Patents and technologies	67,900	60,900	9,092
Trademarks and domain names	497,098	497,150	74,223
Software and copyrights	71,752	79,726	11,903
Others	3,637	3,707	553
	1,260,487	1,261,983	188,409
Less: accumulated amortization
Customer relationships	(32,637)	(81,605)	(12,183)
Patents and technologies	(8,138)	(12,688)	(1,895)
Trademarks and domain names	(20,722)	(45,589)	(6,806)
Software and copyrights	(26,692)	(32,679)	(4,879)
Others	(2,531)	(2,908)	(434)
	(90,720)	(175,469)	(26,197)
Intangible assets, net	1,169,767	1,086,514	162,212

8.	INTANGIBLE ASSETS, NET (continued)

Amortization expense of intangible assets for the six months ended June 30, 2021 and 2022 were RMB7,688 and RMB85,658 (US$12,788), respectively. As of June 30, 2022, estimated amortization expense of the existing intangible assets for each of the next five years is as follows:


	RMB	US$
	(unaudited)	(unaudited)
Remaining six months of 2022	86,328	12,888
2023	171,535	25,610
2024	170,012	25,382
2025	166,302	24,828
2026 and thereafter	492,337	73,504
Total	1,086,514	162,212

8.	INTANGIBLE ASSETS, NET


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Customer relationships	620,100	620,500	87,229
Patents and technologies	67,900	60,900	8,561
Trademarks and domain names	497,098	497,969	70,003
Software and copyrights	71,752	81,411	11,445
Others	3,637	3,707	521
	1,260,487	1,264,487	177,759
Less: accumulated amortization
Customer relationships	(32,637)	(106,083)	(14,913)
Patents and technologies	(8,138)	(15,225)	(2,140)
Trademarks and domain names	(20,722)	(58,058)	(8,162)
Software and copyrights	(26,692)	(36,625)	(5,149)
Others	(2,531)	(3,097)	(435)
	(90,720)	(219,088)	(30,799)
Intangible assets, net	1,169,767	1,045,399	146,960

8.	INTANGIBLE ASSETS, NET (Continued)

Amortization expense of intangible assets for the nine months ended September 30, 2021 and 2022 were RMB29,493 and RMB129,277 (US$18,173), respectively. As of September 30, 2022, estimated amortization expense of the existing intangible assets for each of the next five years is as follows:


	RMB	US$
	(unaudited)	(unaudited)
Remaining three months of 2022	43,296	6,086
2023	172,259	24,216
2024	170,654	23,990
2025	166,443	23,398
2026 and thereafter	492,747	69,270
Total	1,045,399	146,960

GOODWILL

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

GOODWILL

GOODWILL

9.	GOODWILL

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


		Cloud-based
	Cloud service	digital solutions
	and solutions	and services	Total
	RMB	RMB	RMB
Balance as of December 31, 2021	3,669,031	956,084	4,625,115
Disposal of a subsidiary	(15,268)	—	(15,268)
Purchase price adjustments	(3,259)	(864)	(4,123)
Balance as of June 30, 2022 (unaudited)	3,650,504	955,220	4,605,724
Balance as of June 30, 2022, in US$ (unaudited)	545,006	142,610	687,616

9.	GOODWILL

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


		Cloud-based
	Cloud service	digital solutions
	and solutions	and services	Total
	RMB	RMB	RMB
Balance as of December 31, 2021	3,669,031	956,084	4,625,115
Disposal of a subsidiary	(15,268)	—	(15,268)
Purchase price adjustments	(3,259)	(864)	(4,123)
Balance as of September 30, 2022 (unaudited)	3,650,504	955,220	4,605,724
Balance as of September 30, 2022, in US$ (unaudited)	513,180	134,282	647,462

LEASES

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

LEASES

LEASES

10.

LEASES

The Group’s operating leases are mainly related to office space and buildings and its finance lease is related to data center machinery and equipment. The finance lease includes a bargain purchase option, contains variable lease payments based on the actual usage of the machinery and equipment, and has no fixed or in-substance fixed lease payments for the first two years of the lease term. 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 operating 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, 2021, the Group had no finance leases.

The components of lease costs were as follows:


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating lease costs	26,385	36,261	5,414
Short-term lease costs	8,457	8,260	1,233
Finance lease costs:
Depreciation of finance lease assets	—	2,079	310
Interest on finance lease liabilities	—	1,230	184
Variable lease payments	—	814	122
Total finance lease costs	—	4,123	616

10.

LEASES (continued)

Other information related to leases where the Group is the lessee is as follows:


	As at		As at
	December 31, 2021		June 30, 2022
Weighted-average remaining lease term:
Operating leases	8.3	years	8.5	years
Finance leases	—		9.8	years

Weighted-average discount rate:
Operating leases	6.18	%	5.93	%
Finance leases	—		5.90	%

Cash paid for amounts included in the measurement of lease liabilities:


	For the six months ended
	June 30,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating cash payments for operating leases	3,204	34,691	5,179
Operating cash payments for finance leases	—	—	—
Financing cash payments for finance leases	—	—	—

Lease assets obtained in exchange for lease obligations:


	For the six months ended
	June 30,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating leases	—	24,918	3,720
Finance leases	—	124,754	18,625

The undiscounted future minimum payments under the Group’s operating and finance lease liabilities and reconciliation to the operating and finance lease liabilities recognized on the consolidated balance sheet as of June 30, 2022 were as below:


	Operating lease		Finance lease
	RMB	US$	RMB	US$
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Remaining six months of 2022	78,040	11,651	—	—
2023	56,374	8,416	—	—
2024	47,003	7,017	14,699	2,195
2025	29,852	4,457	22,049	3,292
2026 and thereafter	75,599	11,287	139,644	20,848
Total future lease payments	286,868	42,828	176,392	26,335
Less: imputed interest	(47,815)	(7,138)	(50,408)	(7,526)
Total lease liability balance	239,053	35,690	125,984	18,809

10.

LEASES

As of September 30, 2022, the undiscounted future minimum payments under the Group’s operating and financing lease liabilities and reconciliation to the operating and financing lease liabilities recognized on the interim condensed consolidated balance sheet were as below:


	Operating lease		Financing lease
	RMB	US$	RMB	US$
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Remaining three months of 2022	74,850	10,522	—	—
2023	58,789	8,264	—	—
2024	48,573	6,828	14,699	2,066
2025	29,852	4,197	22,049	3,100
2026 and thereafter	75,599	10,628	139,644	19,631
Total future lease payments	287,663	40,439	176,392	24,797
Less: imputed interest	(43,541)	(6,121)	(48,541)	(6,824)
Total lease liability balance	244,122	34,318	127,851	17,973

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

11.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Customer advances*	378,957	376,016	56,138
Salary and welfare payable	600,775	573,403	85,607
Purchase of property and equipment	759,391	264,385	39,472
Accrued expenses	116,021	119,826	17,890
Other tax and surcharges payable	91,287	100,617	15,022
Deferred government grants	8,488	12,257	1,830
Purchase consideration payable**	148,038	1,219,591	182,080
Individual income tax payable*** (Note 6)	48,949	3,801	567
Others	71,934	78,511	11,720
	2,223,840	2,748,407	410,326
Non-current portion:
Deferred government grants	6,975	15,835	2,364
Purchase consideration payable**	1,180,470	—	—
Finance lease liability (Note 10)	—	125,984	18,809
Others****	45,232	64,792	9,673
	1,232,677	206,611	30,846

*	The amount represents contract liabilities for the rendering of services. The decrease in customer advances as of June 30, 2022 is a result of less customer advances received in 2022.

**	The amount represents the remaining purchase consideration to acquire Camelot. As of June 30, 2022, RMB279,790 (US$41,772) and RMB939,801 (US$140,308) will be settled by cash and ordinary shares of the Company by June 30, 2023, respectively.

***	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 RMB50,028) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of December 31, 2021 and June 30, 2022, RMB9,836 and RMB10,314 (US$1,540) were included in the current portion, and RMB22,989 and RMB19,013 (US$2,839) 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.

11.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Customer advances	378,957	412,080	57,929
Salary and welfare payable	600,775	550,168	77,341
Purchase of property and equipment	759,391	181,975	25,582
Accrued expenses	116,021	115,953	16,300
Other tax and surcharges payable	91,287	115,770	16,275
Deferred government grants	8,488	12,257	1,723
Purchase consideration payable*	148,038	1,228,271	172,668
Individual income tax payable** (Note 6)	48,949	2,135	300
Others***	71,934	89,838	12,630
	2,223,840	2,708,447	380,748
Non-current portion:
Deferred government grants	6,975	15,835	2,226
Purchase consideration payable*	1,180,470	—	—
Finance lease liabilities (Note 10)	—	127,851	17,973
Others***	45,232	75,558	10,622
	1,232,677	219,244	30,821

*	The amount represents the remaining purchase consideration to acquire Camelot. As of September 30, 2022, RMB282,783 (US$39,753) and RMB945,488 (US$132,915) will be settled by cash and ordinary shares of the Company by June 30, 2023, respectively.

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

11.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Continued)

***

In July 2020, the Company received a reimbursement of US$7,469 (equivalent to RMB53,531) from the depository for the establishment and maintenance of the ADS program (“ADS Reimbursement”). As of September 30, 2022, RMB10,983 (US$1,544) was included in the current portion, and RMB17,371(US$2,442) was included in the non-current portion of accrued expenses and other liabilities. The ADS Reimbursement will be released to the consolidated statements of comprehensive loss in equal amounts over the ADS program term.

BANK LOANS

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

BANK LOANS

BANK LOANS

12.

BANK LOANS


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Short-term bank loans	1,348,166	1,266,270	189,049

The weighted average interest rate for the outstanding short-term bank loans as of December 31, 2021 and June 30, 2022 were 4.59% and 4.44%, respectively.

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

12.

BANK LOANS


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Short-term bank loans	1,348,166	1,041,045	146,348
	1,348,166	1,041,045	146,348

The weighted average interest rates for the outstanding short-term bank loans as of December 31, 2021 and September 30, 2022 were 4.59% and 4.39%, respectively.

- 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
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

TAXATION

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

TAXATION

TAXATION

13.

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 six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
PRC	(739,763)	(1,424,355)	(212,651)
Non-PRC	143,711	53,918	8,050
	(596,052)	(1,370,437)	(204,601)

13.

TAXATION (continued)

Enterprise income tax (continued)

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


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Current income tax expense	6,784	17,431	2,603
Deferred income tax benefit	(29)	(22,584)	(3,372)
	6,755	(5,153)	(769)

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


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Loss before income tax	(596,052)	(1,370,437)	(204,601)
Income tax computed at the PRC statutory tax rate of 25%	(149,013)	(342,609)	(51,150)
Effect of tax holiday and preferential tax rates	(9,558)	69,208	10,332
Effect of different tax rates in different jurisdictions	(7,862)	4,874	728
Other non-taxable income	(14,936)	(12,417)	(1,854)
Non-deductible expenses	4,106	5,376	804
Share-based compensation costs	49,801	51,663	7,713
Research and development super deduction	(68,815)	(72,497)	(10,824)
Withholding tax and others	5,234	4,898	731
Change in valuation allowance	203,296	309,602	46,222
True-up adjustments in respect of prior year’s annual tax filing	(3,474)	11,700	1,747
Expiration of tax loss forward	—	60,271	8,998
Tax rate change on deferred items	(2,024)	(95,222)	(14,216)
Income tax expense (benefit)	6,755	(5,153)	(769)

13.

TAXATION (continued)

Deferred tax

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


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Deferred tax assets:
Tax loss carried forward	1,841,192	2,297,553	343,016
Accrued expenses	235,737	78,644	11,741
Depreciation	7,082	6,253	934
Allowance for credit loss	53,436	20,272	3,027
Government grant	4,266	5,423	810
Operating lease liabilities	63,781	58,380	8,716
Finance lease liabilities	—	31,496	4,702
Accrued interest	170,337	211,214	31,533
Others	2,737	4,886	729
Less: valuation allowance	(1,881,873)	(2,186,332)	(326,411)
	496,695	527,789	78,797
Deferred tax liabilities:
Operating lease right-of-use assets	57,300	50,728	7,573
Finance lease right-of-use assets	—	30,669	4,579
One-time deduction for fixed asset purchases	337,564	344,802	51,477
Long-lived assets arising from acquisitions	277,267	261,873	39,097
Others	22,655	18,257	2,726
	694,786	706,329	105,452

13.

TAXATION (continued)

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, 2021 and June 30, 2022, the Group’s total deferred tax assets before valuation allowances were RMB2,378,568 and RMB2,714,121 (US$405,208), respectively. As of December 31, 2021 and June 30, 2022, the Group recorded valuation allowances of RMB1,881,873 and RMB2,186,332 (US$326,411), 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.

As of December 31, 2021 and June 30, 2022, the Group had net losses of RMB7,485,149 and RMB9,231,385 (US$1,378,209), respectively, 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 2023 and 2027 and the tax losses of entities in the PRC that qualify as HNTE will expire between 2023 and 2032, if not utilized. The tax losses in Hong Kong can be carried forward without an expiration date.

Unrecognized tax benefits

As of December 31, 2021 and June 30, 2022, the Group had unrecognized tax benefits of RMB59,049 and RMB43,867 (US$6,549), of which RMB43,095 and RMB22,759 (US$3,398), respectively, were deducted against the deferred tax assets on tax losses carried forward, and the remaining amounts of RMB15,954 and RMB21,108 (US$3,151), respectively, were presented in other liabilities in the consolidated balance sheets. The Group’s unrecognized tax benefits for the periods presented 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, 2021 and June 30, 2022, there are RMB15,954 and RMB21,108 (US$3,151) 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:


	As at
	June 30,	June 30,
	2022	2022
	RMB	US$
	(unaudited)	(unaudited)
Balance at beginning of the period	59,049	8,816
Additions based on tax position related to current year	25,854	3,860
Reductions for tax positions related to prior years	(41,036)	(6,127)
Balance at end of the period	43,867	6,549

For the periods presented, the Group did not 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.

13.

TAXATION

There is an immaterial provision for income taxes because the Company and a majority of its consolidated entities are in a current loss position for all the periods presented. The Company recorded a full valuation allowance against deferred tax assets of all of its consolidated entities because the Group was in a cumulative loss position as of September 30, 2022.

As of December 31, 2021 and September 30, 2022, the Group had unrecognized tax benefits of RMB59,049 and RMB49,591 (US$6,971), of which RMB43,095 and RMB22,585 (US$3,175), respectively, were deducted against the deferred tax assets on tax losses carried forward, and the remaining amounts of RMB15,954 and RMB27,006 (US$3,796), respectively, were presented in other liabilities in the condensed consolidated balance sheets. The Group’s unrecognized tax benefits for the years ended December 31, 2021 and September 30, 2022, 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, 2021 and September 30, 2022, there are RMB15,954 and RMB27,006 (US$3,796) of unrecognized tax benefits that if recognized would impact the annual effective tax rate, respectively. For the periods presented, the Group did not 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
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-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

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+ Details

SHARE-BASED PAYMENTS

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS

14.

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 numbers of ordinary shares that are authorized to be issued under the Share Option Scheme, 2013 Share Award Scheme and 2021 Share Award Scheme are 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:


			Weighted-	Weighted-
		Weighted-	average	average	Aggregate
	Number of	average exercise	grant-date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	61,760,202	0.07	0.87	6.61	0.98
Granted	8,417,040	0.07	0.18
Forfeited	(8,985,112)	0.07	0.99
Exercised	(11,643,164)	0.07	0.54
Outstanding, June 30, 2022 (unaudited)	49,548,966	0.07	0.84	6.37	0.22
Vested and expected to vest at June 30, 2022 (unaudited)	49,548,966	0.07	0.84	6.37	0.22
Exercisable at June 30, 2022 (unaudited)	29,571,662	0.07	0.50	5.60	0.22

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share at the end of periods presented and the option’s respective exercise price. Total intrinsic values of options exercised for the six months ended June 30, 2021 and 2022 were RMB179,681 and RMB17,348 (US$2,590), respectively.

The total weighted average grant-date fair value of the share-based awards granted during the six months ended June 30, 2021 and 2022 were US$3.15 and US$0.18 per option, respectively. The aggregate fair value of the share-based awards vested during the six months ended June 30, 2021 and 2022 were RMB32,944 and RMB53,103 (US$7,928), respectively.

As of June 30, 2022, there were RMB71,228 (US$10,634) 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 1.27 years. Total unrecognized compensation cost may be adjusted for actual forfeitures occurring in the future.

14.

SHARE-BASED PAYMENTS (continued)

2013 Share Award Scheme

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


	Number of	Weighted-average
	shares	grant date fair value
		US$
Outstanding, December 31, 2021	57,987,266	1.32
Granted	10,309,125	0.73
Cancelled	(4,136,945)	2.09
Vested	(3,656,739)	1.34
Forfeited	(5,176,536)	1.73
Outstanding, June 30, 2022 (unaudited)	55,326,171	1.11
Expected to vest at June 30, 2022 (unaudited)	55,326,171	1.11

The total weighted average grant-date fair value of the share-based awards granted during six months ended June 30, 2022 were US$0.73 per share. No restricted share was granted during the six months ended June 30, 2021. The aggregate fair value of the share-based awards vested during the six months ended June 30, 2021 and 2022 were RMB13,417 and RMB32,894 (US$4,911), respectively.

As of June 30, 2022, there were RMB224,534 (US$33,522) 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 1.50 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 based on the price of the Company’s publicly traded shares. 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 2013 Share Award Scheme is stated below:


			Weighted-	Weighted-
		Weighted-	average	average	Aggregate
	Number of	average exercise	grant-date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	27,868,420	0.83	0.31	7.99	0.22
Forfeited	(478,400)	0.87	0.30	—	—
Outstanding, June 30, 2022 (unaudited)	27,390,020	0.83	0.31	7.50	—
Vested and expected to vest at June 30, 2022 (unaudited)	27,390,020	0.83	0.31	7.50	—
Exercisable at June 30, 2022 (unaudited)	9,908,740	0.83	0.31	7.50	—

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share at the end of periods presented and the option’s respective exercise price. Total intrinsic value of options exercised for the six months ended June 30, 2021 were RMB1,614. Total intrinsic value of options exercised for the six months ended June 30, 2022 was RMB nil (US$ nil) as no option was exercised.

No options were granted during the the six months ended June 30, 2022. The aggregate fair value of the share-based awards vested during the six months ended June 30, 2021 and 2022 were RMB7,307 and RMB1,421 (US$212), respectively.

14.

SHARE-BASED PAYMENTS (continued)

2013 Share Award Scheme (Continued)

As of June 30, 2022, there were RMB8,862 (US$1,323) 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 1.01 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. A summary of the activity for the options issued under the 2021 Share Award Scheme is stated below:


			Weighted-
			average	Weighted-
		Weighted-	grant-	average	Aggregate
	Number of	average exercise	date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	—	—	—	—	—
Granted	85,590,755	0.01	0.38
Exercised	(1,736,106)	0.01	0.32
Forfeited	(10,342,579)	0.01	0.40
Outstanding, June 30, 2022 (unaudited)	73,512,070	0.01	0.38	9.69	0.29
Vested and expected to vest at June 30, 2022 (unaudited)	73,512,070	0.01	0.38	9.69	0.29
Exercisable at June 30, 2022 (unaudited)	3,594,126	0.01	0.32	9.70	0.29

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share at the end of periods presented and the option’s respective exercise price. Total intrinsic value of options exercised for the six months ended June 30, 2022 were RMB3,336 (US$498).

The total weighted-average grant date fair value of the share-based awards granted during the six months ended June 30, 2022 were US$0.38 per option. The aggregate fair value of the share-based awards vested during the six months ended June 30, 2022 were RMB11,415 (US$1,704).

As of June 30, 2022, there were RMB121,256 (US$18,103) 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 2.58 years. Total unrecognized compensation cost may be adjusted for actual forfeitures occurring in the future.

14.

SHARE-BASED PAYMENTS (continued)

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 and June 30, 2022, 2,278,360 of restricted shares were vested. As of June 30, 2022, there were RMB68,849 (US$10,279) of total unrecognized share-based compensation expenses related to these unvested share-based awards that will be recognized over approximately 1 year.

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 appraiser. 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.

The assumptions used to estimate the fair value of the share options granted are as follows:


	For the six months ended June 30
	2021	2022
	(unaudited)	(unaudited)
Risk-free rate	1.13%-1.62%	1.75%-2.00%
Expected volatility range	36.47%-38.03%	35.62%-42.06%
Exercise multiple	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$3.04-US$3.49	US$0.33-US$0.73

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 relating to the acquisition-date fair-value-based measure of the Camelot Award that was attributable to precombination service was recognized as noncontrolling interest and the portion relating to any remaining postcombination service was recognized as share-based compensation expenses in the Group’s consolidated financial statements. The Group did not grant any share-based awards under the Camelot Award after its acquisition of Camelot.

As of June 30, 2022, there were RMB66,193 (US$9,882) of total unrecognized share-based compensation expenses related to these unvested share-based awards that will be recognized over approximately 1.17 years.

14.

SHARE-BASED PAYMENTS (continued)

The acquisition date fair value of each share-based 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	50.56	%
Exercise multiple	2.20
Fair market value per ordinary share as at valuation dates	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 six months ended June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Cost of revenues	8,460	6,828	1,019
Selling and marketing expenses	38,844	42,956	6,413
General and administrative expenses	70,600	101,833	15,204
Research and development expenses	81,301	55,122	8,229
	199,205	206,739	30,865

14.

SHARE-BASED PAYMENTS

During the nine months ended September 30, 2022, the Board of Directors approved the grants of 116,581,517 awards and 8,667,040 awards to employees under the Share Award Scheme and Share Option Scheme, respectively. The share-based awards are accounted for as equity awards, and generally contain service vesting conditions and generally vest over a period from two to five years. The fair value of the awarded shares is the price of the Company’s publicly traded shares at their respective grant dates.

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 appraiser. 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.

The assumptions used to estimate the fair value of the share options granted are as follows:


	For the nine months ended September 30,
	2021	2022
	(unaudited)	(unaudited)
Risk-free rate	1.13%-1.62%	1.75%-2.93%
Expected volatility range	36.28%-38.03%	35.62%-46.22%
Exercise multiple	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$1.97-US$3.49	US$0.24-US$0.73

Share based compensation expense for the nine months ended September 30, 2021 and 2022 were RMB309,211 and RMB258,565 (US$36,348), respectively.

RESTRICTED NET ASSETS

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

RESTRICTED NET ASSETS

RESTRICTED NET ASSETS

15.

RESTRICTED NET ASSETS

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 RMB3,542,822 (US$528,929) as of June 30, 2022.

15.

RESTRICTED NET ASSETS

LOSS PER SHARE

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

LOSS PER SHARE

LOSS PER SHARE

16.

LOSS PER SHARE

Basic and diluted loss per share for the periods presented are calculated as follows:



	For the six months ended June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Numerator:
Net loss attributable to ordinary shareholders—basic and diluted	(602,818)	(1,356,246)	(202,483)
Denominator:
Weighted average number of ordinary shares outstanding—basic and diluted	3,347,286,795	3,651,473,415	3,651,473,415
Basic and diluted loss per share	(0.18)	(0.37)	(0.06)

16.

LOSS PER SHARE (continued)

For the periods presented herein, the computation of basic loss per share using the two-class method is not applicable. The effects of all outstanding 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.

16.

LOSS PER SHARE

Basic and diluted loss per share for the periods presented are calculated as follows:


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Numerator:
Net loss attributable to ordinary shareholders—basic and diluted	(1,110,786)	(2,149,306)	(302,143)

Denominator:
Weighted average number of ordinary shares outstanding—basic and diluted	3,377,952,450	3,654,601,335	3,654,601,335
Basic and diluted loss per share	(0.33)	(0.59)	(0.08)

TREASURY SHARES

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

TREASURY SHARES

TREASURY SHARES

17.

TREASURY STOCK

On March 31, 2022, the Company’s shareholders and Board of Directors authorized a share repurchase program (“2022 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. The share repurchases may be made in accordance with applicable laws and regulations through open market transactions, privately negotiated transactions or other legally permissible means as determined by the management. Under the 2022 Share Repurchase Program, the Company entered into a cash enhanced share repurchase agreement with a financial institution in June 2022, and prepaid US$5,000 to such financial institution for written put options to repurchase the Company’s ordinary shares on certain pre-determined dates. The transactions were completed in September 2022, and the Company repurchased a total of 26,509,680 ordinary shares through the aforesaid arrangement with such financial institution.

17.

TREASURY SHARES

- 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

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

18.

RELATED PARTY TRANSACTIONS

a)	Related Parties


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

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

18.

RELATED PARTY TRANSACTIONS (continued)

b)	The Group had the following related party transactions:



	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues:
Public cloud services provided to Xiaomi Group	385,207	435,114	64,961
Public cloud services provided to Kingsoft Group	67,817	93,801	14,004
Enterprise cloud services provided to Xiaomi Group	—	30,241	4,515
Enterprise cloud services provided to Kingsoft Group	—	4,466	667
	453,024	563,622	84,147
Purchase of devices from Xiaomi Group	185	58	9
Interest expense on loan due to Xiaomi Group	—	38,423	5,736
Interest expense on loan due to Kingsoft Group	—	11,690	1,745
Rental of building from Xiaomi Group*	28,639	23,603	3,524
Rental of office space, and administrative services from Kingsoft Group	6,702	7,955	1,188
	35,526	81,729	12,202

*	The Group entered into agreements to lease building and office space from Xiaomi Group. As of June 30, 2022, the related operating lease right-of-use assets amounted to RMB167,255 (US$24,971) and operating lease liabilities amounted to RMB199,650 (US$29,807), respectively.

Other than the transactions disclosed above, the Group also provides public cloud services to an equity investee. Revenue generated from the investee represented less than 1% of the Group’s total revenues for the six months ended June 30, 2022.

18.

RELATED PARTY TRANSACTIONS (continued)

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


	As at
	December 31,	June 30,	June30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Amounts due from related parties:
Trade related:
Xiaomi Group	175,170	280,042	41,809
Kingsoft Group	26,868	49,498	7,390
Others	—	22,334	3,335
Non-trade related:
Kingsoft Group	10,863	10,868	1,622
	212,901	362,742	54,156
Amounts due to related parties:
Trade related:
Kingsoft Group	15,092	13,272	1,981
Xiaomi Group	55,853	41,794	6,240
Non-trade related:
Kingsoft Group*	529,284	529,284	79,020
Xiaomi Group**	709,088	596,084	88,993
	1,309,317	1,180,434	176,234

*	During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,873) bearing a fixed annual interest rate of 4.65%. The Group has fully repaid the loan in November 2022.

During 2021, the Group entered into several loan agreements with Xiaomi Group which are secured by the Group’s electronic equipment. As of December 31, 2021 and June 30, 2022, the fixed interest rate for these loans was 4.36%. As of December 31, 2021 and June 30, 2022, the current portion of the loans were RMB236,206 and RMB241,691 (US$36,084), and the non-current portion of the loans were RMB472,882 and RMB354,392 (US$52,909), respectively. Under the terms of the agreements, the Group will repay in fixed quarterly installments over 3 years according to the following schedule:


	As at June 30, 2022
	RMB	US$
	(unaudited)	(unaudited)
Remaining six months of 2022	123,202	18,394
2023	241,168	36,005
2024	231,714	34,594
	596,084	88,993

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 on amounts due from related parties was immaterial.

18.

RELATED PARTY TRANSACTIONS

a)	Related Parties


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

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

b)	The Group had the following related party transactions:


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues:
Public cloud services provided to Xiaomi Group	560,955	631,170	88,728
Public cloud services provided to Kingsoft Group	109,989	142,598	20,047
Enterprise cloud services provided to Xiaomi Group	6,178	46,280	6,506
Enterprise cloud services provided to Kingsoft Group	—	7,250	1,019
	677,122	827,298	116,300
Purchase of devices from Xiaomi Group	314	87	12
Interest expense on loan due to Xiaomi Group	5,879	52,505	7,381
Interest expense on loan due to Kingsoft Group	—	17,631	2,479
Rental of building from Xiaomi Group*	40,614	33,499	4,709
Rental of office space, and administrative services from Kingsoft Group	11,123	10,578	1,487
	57,930	114,300	16,068

The Group entered into agreements to lease a building and office space from Xiaomi Group. As of December 31, 2021 and September 30, 2022, the related operating lease right-of-use assets amounted to RMB210,551 and RMB160,000 (US$22,492) and operating lease liabilities amounted to RMB238,180 and RMB 202,291 (US$28,438), respectively.

18.

RELATED PARTY TRANSACTIONS (Continued)

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


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Amounts due from related parties:
Trade related:
Xiaomi Group	175,170	283,752	39,889
Kingsoft Group	26,868	52,336	7,357
Others	—	23,786	3,344

Non-trade related:
Kingsoft Group	10,863	10,868	1,528
	212,901	370,742	52,118
Amounts due to related parties:
Trade related:
Kingsoft Group	15,092	13,985	1,966
Xiaomi Group	55,853	42,441	5,966

Non-trade related:
Kingsoft Group*	529,284	529,284	74,406
Xiaomi Group**	709,088	754,161	106,018
	1,309,317	1,339,871	188,356

*	During 2021, the Group entered into an unsecured loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 bearing a fixed annual interest rate of 4.65%. The Group has fully repaid the loan in November 2022.

During 2021 and 2022, the Group entered into several loan agreements with a fixed interest rate of 4.36% and 3.98% with Xiaomi Group which are secured by the Group’s electronic equipment. The carrying amount of the electronic equipment pledged was RMB 702,424 and RMB735,550 (US$103,402) as of December 31, 2021 and September 30, 2022, respectively. As of December 31, 2021 and September 30, 2022, the current portion of the loans were RMB 236,206 and RMB 325,950 (US$ 45,821), and the non-current portion of the loans were RMB 472,882 and RMB 428,211 (US$ 60,197), respectively.

18.

RELATED PARTY TRANSACTIONS (Continued)

Under the terms of the agreements, the Group will repay in fixed quarterly installments over 4 years according to the following schedule:


	As at
	September 30, 2022
	RMB	US$
	(unaudited)	(unaudited)
Remaining three months of 2022	11,496	1,616
2023	306,978	43,154
2024	301,908	42,442
2025	74,590	10,486
2026	59,189	8,321
Total	754,161	106,019

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 credit losses for the amount due from related parties were immaterial for the periods presented.

COMMITMENTS AND CONTINGENCIES

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

19.

COMMITMENTS AND CONTINGENCIES

Capital expenditure commitments

The Group has commitments for the construction of a data center of RMB34,312 (US$5,123) at June 30, 2022, which are scheduled to be paid within one year.

Other commitments

On May 23, and June 9, 2022, the Group entered into two non-cancelable one-year internet data center service agreements pursuant to which the Group has total contractual minimum purchase commitments amounting to RMB1,250,000 (US$186,620). As of June 30, 2022, the remaining purchase commitment is RMB1,052,228 (US$157,094).

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.

19.

COMMITMENTS AND CONTINGENCIES

Capital expenditure commitments

The Group has commitments for the construction of a data center of RMB34,287 (US$4,820) at September 30, 2022, which are scheduled to be paid within one year.

Other commitments

On May 23, 2022 and June 9, 2022, the Group entered into two non-cancelable one-year internet data center service agreements pursuant to which the Group has total contractual minimum purchase commitments amounting to RMB1,250,000(US$175,722). As of September 30, 2022, the remaining purchase commitment is RMB643,012 (US$90,393).

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)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

20.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)


		RMB
Balance as of January 1, 2021		(68,440)
Foreign currency translation adjustments, net of tax of nil		(62,115)
Balance as of June 30, 2021 (unaudited)		(130,555)
Balance as of January 1, 2022		(207,882)
Foreign currency translation adjustments, net of tax of nil		382,981
Balance as of June 30, 2022 (unaudited)		175,099
Balance as of June 30, 2022, in US$ (unaudited)		26,142

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

20.

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME


		RMB
Balance as of January 1, 2021		(68,440)
Foreign currency translation adjustments, net of tax of nil		(20,442)
Balance as of September 30, 2021 (unaudited)		(88,882)
Balance as of January 1, 2022		(207,882)
Foreign currency translation adjustments, net of tax of nil		797,123
Balance as of September 30, 2022 (unaudited)		589,241
Balance as of September 30, 2022, in US$ (unaudited)		82,834

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

SUBSEQUENT EVENT

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

SUBSEQUENT EVENT

SUBSEQUENT EVENT

21.

SUBSEQUENT EVENT

In October 2022, the Company entered into share purchase agreements with the noncontrolling shareholders of Beijing Camelot to acquire an aggregate of 9.50% of equity interests in Beijing Camelot for a total cash consideration of RMB456,000, which will be settled in five installments by the end of 2024.

In October 2022, the Company’s shareholders and Board of Directors authorized to amend the 2021 Share Award Scheme, and increased the maximum aggregate numbers of ordinary shares that are authorized to be issued under the 2021 Share Award Scheme from 209,216,310 to 236,717,025 ordinary shares.

In November 2022, the Company and three employee incentive platforms entered into certain agreements in relation to the acquisition of 3.19% of the equity interests in Beijing Camelot, pursuant to which (i) the Company shall grant a total of 27,500,715 restricted share units under the 2021 Share Award Scheme to current and former employees of Camelot in recognition of their contribution to Camelot, and (ii) the three employee incentive platforms shall transfer the 3.19% equity interests in Beijing Camelot to the Group for RMB43,981 which shall be settled by cash.

21.

SUBSEQUENT EVENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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 interim condensed consolidated financial statements include, but are not limited to, allowance for credit losses for accounts receivable, contract assets and amounts due from related parties, measurement of operating and finance 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.

Convenience translation

Equity investments

Equity investments with readily determinable fair value

Equity investments without readily determinable fair value

Equity investments without readily determinable fair value (continued)

The total carrying value of equity investments held as of December 31, 2021 and June 30, 2022 were as follows:


	As at	As at
	December 31,	June 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	18,542
Cumulative unrealized gains	96,793	96,793	14,451
Cumulative unrealized losses (including impairment)	—	(5,000)	(746)
Foreign currency translation	(3,883)	(1,820)	(272)
Total carrying value	207,166	214,169	31,975

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	9,459
Cumulative unrealized losses	—	(8,825)	(1,318)
Foreign currency translation	—	2,446	365
Total carrying value	—	56,977	8,506

	207,166	271,146	40,481

Equity investments

Equity investments with readily determinable fair value

Equity investments without readily determinable fair value

The total carrying value of equity investments held as December 31, 2021 and September 30, 2022 were as follows:


	As at	As at
	December 31,	September 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	17,459
Cumulative unrealized gains	96,793	96,793	13,607
Cumulative unrealized losses (including impairment)	—	(14,940)	(2,100)
Foreign currency translation	(3,883)	880	124
Total carrying value	207,166	206,929	29,090

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	8,906
Cumulative unrealized losses	—	(33,901)	(4,766)
Foreign currency translation	—	4,710	662
Total carrying value	—	34,165	4,802
	207,166	241,094	33,892

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.

Assets and liabilities measured at fair value on a recurring basis


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable
	Total Fair	identical	inputs	inputs	Total
	Value	assets (Level 1)	(Level 2)	(Level 3)	losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of June 30, 2022 (unaudited)
Purchase consideration payable	(1,219,591)	—	(1,219,591)	—	(14,018)
Equity investments with readily determinable fair value	56,977	56,977	—	—	(8,825)

Assets and liabilities measured at fair value on a non-recurring basis


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable	Total
	Total Fair	identical	inputs	inputs	gains
	Value	assets (Level 1)	(Level 2)	(Level 3)	(losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of June 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	214,169	—	—	214,169	(5,000)

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.

Assets and liabilities measured at fair value on a recurring basis



		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs
	Value	(Level 1)	(Level 2)	(Level 3)	Total losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of September 30, 2022 (unaudited)
Purchase consideration payable	(1,228,271)	—	(1,228,271)	—	(21,245)
Equity investments with readily determinable fair value	34,165	34,165	—	—	(33,901)

Assets and liabilities measured at fair value on a non-recurring basis


		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs	Total
	Value	(Level 1)	(Level 2)	(Level 3)	gains (losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of September 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	206,929	—	—	206,929	(14,940)

The non-recurring fair value measurements to the carrying amount of equity investments accounted for using measurement alternative usually requires management to estimate a price adjustment for the different rights and obligations between a similar instrument of the same issuer with an observable price change in an orderly transaction and the investment held by the Group. These non-recurring fair value measurements were measured as of the observable transaction dates, which expect not to significantly differ from the ones measured as of the end of respective periods.

Accounts receivable and contract assets, net

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 interim condensed 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.

Treasury shares

Share-based compensation

Leases

Concentration of credit risk

Accounts receivable and contract assets are typically unsecured and are derived from revenues earned from reputable customers. As of December 31, 2021, the Group had two customers, with accounts receivable balances exceeding 10% of the total accounts receivable balances. As of September 30, 2022, the Group had one customer, with accounts receivable balance exceeding 10% of the total accounts receivable balance. As of December 31, 2021 and September 30, 2022, the Group had one customer, with contract asset balance exceeding 10% of the total contract asset 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.

Impact of COVID-19

Employee benefit expenses

The Group recorded employee benefit expenses of RMB113,658 and RMB213,183 (US$31,827) for the six months ended June 30, 2021 and 2022, respectively.

Recent accounting pronouncements

Adoption of ASC 326

Recent accounting pronouncements

Adoption of ASC 326

Recent accounting pronouncements

ORGANIZATION AND BASIS OF PRESENTATION (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ORGANIZATION AND BASIS OF PRESENTATION

Schedule of Principal Subsidiaries Variable Interest Entities, and Subsidiaries

The Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:


			Percentage of
			equity
			interest
		Date of	attributable
	Place of	establishment/	to the
Name	establishment	acquisition	Company		Principal activities
Subsidiaries:
Kingsoft Cloud Corporation Limited	HK	February 1, 2012	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 Co., Ltd. (“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:
Kingsoft Cloud (Tianjin) Technology Development Co., Ltd.	PRC	May 30, 2019	Nil		Cloud services
Wuhan Kingsoft Cloud Information Technology Co., Ltd.	PRC	December 26, 2017	Nil		Cloud services
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”

The Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:


			Percentage of
			equity
			interest
		Date of	attributable
	Place of	establishment/	to the
Name	establishment	acquisition	Company		Principal activities
Subsidiaries:
Kingsoft Cloud Corporation Limited	HK	February 1, 2012	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 Co., Ltd. (“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:
Kingsoft Cloud(Tianjin) Technology Development Co., Ltd.	PRC	May 30, 2019	Nil		Cloud services
Wuhan Kingsoft Cloud Information Technology Co., Ltd.	PRC	December 26, 2017	Nil		Cloud services
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,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,209,647	783,302	116,944
Restricted cash	89,704	18,271	2,729
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB39,635 (US$5,917) as of December 31, 2021 and June 30, 2022, respectively	3,170,860	2,419,642	361,243
Prepayments and other assets	907,350	914,962	136,600
Amounts due from related parties	184,137	337,212	50,344
Amounts due from subsidiaries of the Group	2,157,428	2,051,669	306,306
Total current assets	8,719,126	6,525,058	974,166
Non-current assets:
Property and equipment, net	2,157,093	2,246,421	335,382
Intangible assets, net	93,662	86,198	12,869
Prepayments and other assets	27,036	22,039	3,290
Goodwill	64,082	48,814	7,288
Equity investments	162,244	167,185	24,960
Amounts due from related parties	4,712	4,712	703
Operating lease right-of-use assets	184,908	145,496	21,722
Total non-current assets	2,693,737	2,720,865	406,214
Total assets	11,412,863	9,245,923	1,380,380
LIABILITIES
Current liabilities:
Accounts payable	2,733,487	2,223,417	331,947
Accrued expenses and other liabilities	1,208,868	703,730	105,064
Short-term bank loans	1,348,166	1,246,126	186,042
Income tax payable	1,026	2,217	331
Amounts due to related parties	797,731	791,908	118,229
Current operating lease liabilities	70,672	59,432	8,873
Amounts due to subsidiaries of the Group	1,597,946	3,794,858	566,557
Total current liabilities	7,757,896	8,821,688	1,317,043
Non-current liabilities:
Other liabilities	6,975	141,819	21,173
Non-current operating lease liabilities	121,057	97,927	14,620
Amounts due to related parties	472,882	354,392	52,909
Amounts due to subsidiaries of the Group	7,486,525	5,425,481	810,003
Total non-current liabilities	8,087,439	6,019,619	898,705
Total liabilities	15,845,335	14,841,307	2,215,748


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,209,647	497,173	69,891
Restricted cash	89,704	16,170	2,273
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB61,140 (US$8,595) as of December 31, 2021 and September 30, 2022, respectively	3,170,860	2,144,817	301,514
Prepayments and other assets	907,350	948,865	133,389
Amounts due from related parties	184,137	345,406	48,556
Amounts due from subsidiaries of the Group	2,157,428	2,091,616	294,036
Total current assets	8,719,126	6,044,047	849,659
Non-current assets:
Property and equipment, net	2,157,093	2,169,005	304,915
Intangible assets, net	93,662	82,449	11,590
Prepayments and other assets	27,036	22,469	3,159
Goodwill	64,082	48,814	6,862
Equity investments	162,244	157,244	22,105
Amounts due from related parties	4,712	4,712	662
Operating lease right-of-use assets	184,908	143,069	20,112
Total non-current assets	2,693,737	2,627,762	369,405
Total assets	11,412,863	8,671,809	1,219,064
LIABILITIES
Current liabilities:
Accounts payable	2,733,487	2,278,371	320,288
Accrued expenses and other liabilities	1,208,868	594,513	83,575
Short-term bank loans	1,348,166	1,017,045	142,974
Income tax payable	1,026	—	—
Amounts due to related parties	797,731	814,079	114,441
Current operating lease liabilities	70,672	61,386	8,630
Amounts due to subsidiaries of the Group	1,597,946	1,195,853	168,111
Total current liabilities	7,757,896	5,961,247	838,019
Non-current liabilities:
Other liabilities	6,975	143,686	20,199
Non-current operating lease liabilities	121,057	101,080	14,210
Amounts due to related parties	472,882	488,020	68,605
Amounts due to subsidiaries of the Group	7,486,525	8,255,554	1,160,547
Total non-current liabilities	8,087,439	8,988,340	1,263,561
Total liabilities	15,845,335	14,949,587	2,101,580

Schedule of Operations and Cash Flows Results of Variable Interest Entities


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues	3,767,516	2,630,443	392,715
Net loss	(675,966)	(1,309,784)	(195,546)
Net cash used in operating activities	(937,775)	(202,932)	(30,297)
Net cash used in investing activities	(415,827)	(968,429)	(144,583)
Net cash generated from (used in) financing activities	1,167,581	(212,577)	(31,737)


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues	5,834,129	3,878,645	545,251
Net loss	(1,250,943)	(2,016,156)	(283,427)
Net cash used in operating activities	(1,083,760)	(293,061)	(41,198)
Net cash used in investing activities	(532,270)	(967,933)	(136,070)
Net cash generated from (used in) financing activities	1,762,747	(279,819)	(39,336)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of equity investments


	As at	As at
	December 31,	June 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	18,542
Cumulative unrealized gains	96,793	96,793	14,451
Cumulative unrealized losses (including impairment)	—	(5,000)	(746)
Foreign currency translation	(3,883)	(1,820)	(272)
Total carrying value	207,166	214,169	31,975

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	9,459
Cumulative unrealized losses	—	(8,825)	(1,318)
Foreign currency translation	—	2,446	365
Total carrying value	—	56,977	8,506

	207,166	271,146	40,481


	As at	As at
	December 31,	September 30,
	2021	2022	2022
	RMB	RMB	US($)
		(unaudited)	(unaudited)
Equity investments without readily determinable fair value:
Initial cost basis	114,256	124,196	17,459
Cumulative unrealized gains	96,793	96,793	13,607
Cumulative unrealized losses (including impairment)	—	(14,940)	(2,100)
Foreign currency translation	(3,883)	880	124
Total carrying value	207,166	206,929	29,090

Equity investments with readily determinable fair value:
Initial cost basis	—	63,356	8,906
Cumulative unrealized losses	—	(33,901)	(4,766)
Foreign currency translation	—	4,710	662
Total carrying value	—	34,165	4,802
	207,166	241,094	33,892

Schedule of assets and liabilities measured at fair value on a recurring and non-recurring basis


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable
	Total Fair	identical	inputs	inputs	Total
	Value	assets (Level 1)	(Level 2)	(Level 3)	losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of June 30, 2022 (unaudited)
Purchase consideration payable	(1,219,591)	—	(1,219,591)	—	(14,018)
Equity investments with readily determinable fair value	56,977	56,977	—	—	(8,825)


		Quoted prices	Significant
		in active	other	Significant
		markets for	observable	unobservable	Total
	Total Fair	identical	inputs	inputs	gains
	Value	assets (Level 1)	(Level 2)	(Level 3)	(losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of June 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	214,169	—	—	214,169	(5,000)



		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs
	Value	(Level 1)	(Level 2)	(Level 3)	Total losses
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Purchase consideration payable	(1,328,508)	—	(1,328,508)	—	(9,249)
As of September 30, 2022 (unaudited)
Purchase consideration payable	(1,228,271)	—	(1,228,271)	—	(21,245)
Equity investments with readily determinable fair value	34,165	34,165	—	—	(33,901)


		Quoted prices in	Significant	Significant
		active markets for	other observable	unobservable
	Total Fair	identical assets	inputs	inputs	Total
	Value	(Level 1)	(Level 2)	(Level 3)	gains (losses)
	RMB	RMB	RMB	RMB	RMB
As of December 31, 2021
Equity investments accounted for using measurement alternative	207,166	—	—	207,166	82,492
As of September 30, 2022 (unaudited)
Equity investments accounted for using measurement alternative	206,929	—	—	206,929	(14,940)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

BUSINESS COMBINATION (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

BUSINESS COMBINATION

Summary of fair value of assets acquired and liabilities assumed


	Camelot
	RMB	US$
Total fair value of purchase consideration	5,290,553	789,859
Less:
Cash and cash equivalents	618,439	92,331
Restricted cash	1,126	168
Accounts receivable and other assets	940,511	140,415
Property and equipment, net	13,792	2,059
Intangible assets:
Customer relationship	620,100	92,578
Trademarks	474,000	70,766
Copyrights	34,100	5,091
Deferred tax assets	54,419	8,125
Deferred tax liabilities	(268,490)	(40,085)
Accounts payable and other liabilities	(871,903)	(130,172)
Non-controlling interests	(882,451)	(131,746)
Goodwill	4,556,910	680,329


	Camelot
	RMB	US$
Total fair value of purchase consideration	5,290,553	743,734
Less:
Cash and cash equivalents	618,439	86,939
Restricted cash	1,126	158
Accounts receivable and other assets	940,511	132,215
Property and equipment, net	13,792	1,939
Intangible assets:
Customer relationship	620,100	87,172
Trademarks	474,000	66,634
Copyrights	34,100	4,794
Deferred tax assets	54,419	7,650
Deferred tax liabilities	(268,490)	(37,744)
Accounts payable and other liabilities	(871,903)	(122,570)
Non-controlling interests	(882,451)	(124,053)
Goodwill	4,556,910	640,600

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET

Summary of disaggregation of revenue


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Public cloud services recognized over time	2,942,610	2,669,951	398,613
Enterprise cloud services:
Recognized at a point in time	1,037,555	351,374	52,459
Recognized over time	4,622	1,057,709	157,912
	1,042,177	1,409,083	210,371
Others:
Recognized at a point in time	1,171	—	—
Recognized over time	1,261	1,273	190
	2,432	1,273	190
	3,987,219	4,080,307	609,174

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


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Public cloud services recognized over time	4,628,609	4,015,989	564,559
Enterprise cloud services:
Recognized at a point in time	1,579,876	440,821	61,970
Recognized over time	189,166	1,590,237	223,552
	1,769,042	2,031,058	285,522
Others:
Recognized at a point in time	1,134	—	—
Recognized over time	2,269	2,047	288
	3,403	2,047	288
	6,401,054	6,049,094	850,369

Summary of revenue, remaining performance obligation


	RMB	US$
	(unaudited)	(unaudited)
Within one year	30,361	4,533
More than one year	21,034	3,140
Total	51,395	7,673


	RMB	US$
	(unaudited)	(unaudited)
Within one year	38,698	5,440
More than one year	41,530	5,838
Total	80,228	11,278

Summary of contract with customer liability recognized


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenue recognized from amounts included in contract liabilities at the beginning of the period	46,123	139,661	20,851


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenue recognized from amounts included in contract liabilities at the beginning of the period	78,808	160,377	22,545

Schedule of other gain (loss), net


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)

Gross unrealized gain on equity investments held	15,488	—	—
Gross unrealized loss (including impairment) on equity investments held	—	(13,825)	(2,064)
Net realized gain (loss) on equity investments sold	5,651	(123)	(18)
Changes in fair value of purchase consideration in a business acquisition	—	(14,018)	(2,093)
	21,139	(27,966)	(4,175)


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Gross unrealized gain on equity investments held	15,488	—	—
Gross unrealized loss (including impairment) on equity investments held	—	(48,841)	(6,866)
Net realized gain (loss) on equity investments sold	5,651	(123)	(17)
Changes in fair value of purchase consideration in a business acquisition	—	(21,245)	(2,987)
	21,139	(70,209)	(9,870)

Schedule of other income (expense), net


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Government grants	8,612	23,895	3,567
Income from ADS Reimbursement (Note 11)	5,016	5,056	755
Value added tax transferred out	(6,223)	(6,291)	(939)
Gain on disposal of property and equipment	14	3,276	489
Others	(1,029)	(5,935)	(886)
	6,390	20,001	2,986


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Government grants	11,386	27,165	3,819
Income from ADS Reimbursement (Note 11)	7,498	7,646	1,075
Value added tax transferred out	(9,419)	(9,488)	(1,334)
Gain on disposal of property and equipment	65	3,286	462
Others	(3,736)	(9,687)	(1,362)
	5,794	18,922	2,660

ACCOUNTS RECEIVABLE, NET (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCOUNTS RECEIVABLE, NET

Schedule of accounts receivable, net


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Accounts receivable	3,603,240	2,914,960	435,192
Allowance for credit losses	(32,265)	(42,056)	(6,279)
Accounts receivable, net	3,570,975	2,872,904	428,913


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Accounts receivable	3,603,240	2,660,873	374,060
Allowance for credit losses	(32,265)	(93,904)	(13,201)
Accounts receivable, net	3,570,975	2,566,969	360,859

Schedule of the movement in the allowance for doubtful accounts


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Balance at beginning of the period	15,770	32,265	4,817
Adoption of ASC 326*	5,684	—	—
Provision for expected credit losses	23,060	140,926	21,040
Write-offs charged against the allowance	(26,757)	(117,645)	(17,564)
Recoveries during the period	(5,383)	(13,490)	(2,014)
Balance at end of the period	12,374	42,056	6,279


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Balance at beginning of the period	15,770	32,265	4,536
Adoption of ASC 326*	5,684	—	—
Provision for expected credit losses	53,741	249,293	35,045
Write-offs charged against the allowance	(52,279)	(160,359)	(22,543)
Recoveries during the period	(7,722)	(27,295)	(3,837)
Balance at end of the period	15,194	93,904	13,201

PREPAYMENTS AND OTHER ASSETS (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

PREPAYMENTS AND OTHER ASSETS

Schedule of prepayments and other assets


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Prepayments to suppliers	162,528	162,998	24,335
Contract costs*	145,628	202,629	30,252
Contract assets, net**	550,068	542,967	81,063
VAT prepayments	619,391	582,751	87,002
Interest receivable	21,463	14,931	2,229
Deferred offering costs	—	24,815	3,705
Individual income tax receivable*** (Note 11)	48,949	7,051	1,053
Others	138,994	155,906	23,275
	1,687,021	1,694,048	252,914
Non-current portion:
Prepayments for electronic equipment	25,388	20,372	3,042
Others	3,678	2,065	308
	29,066	22,437	3,350

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

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


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Prepayments to suppliers	162,528	177,578	24,964
Contract costs*	145,628	214,477	30,151
Contract assets, net**	550,068	541,640	76,143
VAT prepayments	619,391	604,081	84,920
Interest receivable	21,463	20,641	2,902
Deferred offering costs	—	38,872	5,465
Individual income tax receivable*** (Note 11)	48,949	2,135	300
Others	138,994	134,684	18,934
	1,687,021	1,734,108	243,779
Non-current portion:
Prepayments for electronic equipment	25,388	39,421	5,542
Others	3,678	478	67
	29,066	39,899	5,609

*	Represents costs incurred in advance of revenue recognition arising from direct and incremental costs 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 end of respective periods. The allowance for credit losses on contract assets was RMB1,591 and RMB13,150 (US$1,849) as of December 31, 2021 and September 30, 2022, respectively. The amounts charged to expenses for credit losses on contract assets were RMB nil and RMB11,559 (US$1,625), and write-offs charged against the allowance were RMB nil and RMB nil (US$ nil) for the nine months ended September 30, 2021 and 2022, respectively.

***	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)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

PROPERTY AND EQUIPMENT, NET

Schedule of property and equipment


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Electronic equipment	5,123,149	5,545,846	827,973
Office equipment and fixtures	15,462	15,680	2,341
Data center machinery and equipment	144,328	269,082	40,173
Building	15,768	160,857	24,015
Construction in progress	147,817	3,667	547
	5,446,524	5,995,132	895,049
Less: accumulated depreciation	(3,082,421)	(3,545,473)	(529,325)
Property and equipment, net	2,364,103	2,449,659	365,724


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Electronic equipment	5,123,149	5,652,799	794,658
Office equipment and fixtures	15,462	15,633	2,198
Data center machinery and equipment	144,328	269,082	37,827
Building	15,768	161,007	22,634
Construction in progress	147,817	3,691	518
	5,446,524	6,102,212	857,835
Less: accumulated depreciation	(3,082,421)	(3,751,541)	(527,383)
Property and equipment, net	2,364,103	2,350,671	330,452

INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

INTANGIBLE ASSETS, NET

Schedule of intangible assets


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Customer relationships	620,100	620,500	92,638
Patents and technologies	67,900	60,900	9,092
Trademarks and domain names	497,098	497,150	74,223
Software and copyrights	71,752	79,726	11,903
Others	3,637	3,707	553
	1,260,487	1,261,983	188,409
Less: accumulated amortization
Customer relationships	(32,637)	(81,605)	(12,183)
Patents and technologies	(8,138)	(12,688)	(1,895)
Trademarks and domain names	(20,722)	(45,589)	(6,806)
Software and copyrights	(26,692)	(32,679)	(4,879)
Others	(2,531)	(2,908)	(434)
	(90,720)	(175,469)	(26,197)
Intangible assets, net	1,169,767	1,086,514	162,212


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Customer relationships	620,100	620,500	87,229
Patents and technologies	67,900	60,900	8,561
Trademarks and domain names	497,098	497,969	70,003
Software and copyrights	71,752	81,411	11,445
Others	3,637	3,707	521
	1,260,487	1,264,487	177,759
Less: accumulated amortization
Customer relationships	(32,637)	(106,083)	(14,913)
Patents and technologies	(8,138)	(15,225)	(2,140)
Trademarks and domain names	(20,722)	(58,058)	(8,162)
Software and copyrights	(26,692)	(36,625)	(5,149)
Others	(2,531)	(3,097)	(435)
	(90,720)	(219,088)	(30,799)
Intangible assets, net	1,169,767	1,045,399	146,960

Schedule of amortization expense of intangible assets


	RMB	US$
	(unaudited)	(unaudited)
Remaining six months of 2022	86,328	12,888
2023	171,535	25,610
2024	170,012	25,382
2025	166,302	24,828
2026 and thereafter	492,337	73,504
Total	1,086,514	162,212

As of September 30, 2022, estimated amortization expense of the existing intangible assets for each of the next five years is as follows:


	RMB	US$
	(unaudited)	(unaudited)
Remaining three months of 2022	43,296	6,086
2023	172,259	24,216
2024	170,654	23,990
2025	166,443	23,398
2026 and thereafter	492,747	69,270
Total	1,045,399	146,960

GOODWILL (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

GOODWILL

Summary of Carrying Value of Goodwill


		Cloud-based
	Cloud service	digital solutions
	and solutions	and services	Total
	RMB	RMB	RMB
Balance as of December 31, 2021	3,669,031	956,084	4,625,115
Disposal of a subsidiary	(15,268)	—	(15,268)
Purchase price adjustments	(3,259)	(864)	(4,123)
Balance as of June 30, 2022 (unaudited)	3,650,504	955,220	4,605,724
Balance as of June 30, 2022, in US$ (unaudited)	545,006	142,610	687,616


		Cloud-based
	Cloud service	digital solutions
	and solutions	and services	Total
	RMB	RMB	RMB
Balance as of December 31, 2021	3,669,031	956,084	4,625,115
Disposal of a subsidiary	(15,268)	—	(15,268)
Purchase price adjustments	(3,259)	(864)	(4,123)
Balance as of September 30, 2022 (unaudited)	3,650,504	955,220	4,605,724
Balance as of September 30, 2022, in US$ (unaudited)	513,180	134,282	647,462

LEASES (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

LEASES

Schedule of undiscounted future minimum payments under the operating and financing lease liabilities and reconciliation to the operating and financing lease liabilities


	Operating lease		Finance lease
	RMB	US$	RMB	US$
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Remaining six months of 2022	78,040	11,651	—	—
2023	56,374	8,416	—	—
2024	47,003	7,017	14,699	2,195
2025	29,852	4,457	22,049	3,292
2026 and thereafter	75,599	11,287	139,644	20,848
Total future lease payments	286,868	42,828	176,392	26,335
Less: imputed interest	(47,815)	(7,138)	(50,408)	(7,526)
Total lease liability balance	239,053	35,690	125,984	18,809


	Operating lease		Financing lease
	RMB	US$	RMB	US$
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Remaining three months of 2022	74,850	10,522	—	—
2023	58,789	8,264	—	—
2024	48,573	6,828	14,699	2,066
2025	29,852	4,197	22,049	3,100
2026 and thereafter	75,599	10,628	139,644	19,631
Total future lease payments	287,663	40,439	176,392	24,797
Less: imputed interest	(43,541)	(6,121)	(48,541)	(6,824)
Total lease liability balance	244,122	34,318	127,851	17,973

Schedule of components of lease costs


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating lease costs	26,385	36,261	5,414
Short-term lease costs	8,457	8,260	1,233
Finance lease costs:
Depreciation of finance lease assets	—	2,079	310
Interest on finance lease liabilities	—	1,230	184
Variable lease payments	—	814	122
Total finance lease costs	—	4,123	616

Schedule of other information related to the leases


	As at		As at
	December 31, 2021		June 30, 2022
Weighted-average remaining lease term:
Operating leases	8.3	years	8.5	years
Finance leases	—		9.8	years

Weighted-average discount rate:
Operating leases	6.18	%	5.93	%
Finance leases	—		5.90	%

Schedule of cash paid for amounts included in measurement of lease liabilities


	For the six months ended
	June 30,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating cash payments for operating leases	3,204	34,691	5,179
Operating cash payments for finance leases	—	—	—
Financing cash payments for finance leases	—	—	—

Schedule of lease assets obtained in exchange for lease obligations


	For the six months ended
	June 30,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Operating leases	—	24,918	3,720
Finance leases	—	124,754	18,625

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Schedule of accrued expenses and other liabilities


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Customer advances*	378,957	376,016	56,138
Salary and welfare payable	600,775	573,403	85,607
Purchase of property and equipment	759,391	264,385	39,472
Accrued expenses	116,021	119,826	17,890
Other tax and surcharges payable	91,287	100,617	15,022
Deferred government grants	8,488	12,257	1,830
Purchase consideration payable**	148,038	1,219,591	182,080
Individual income tax payable*** (Note 6)	48,949	3,801	567
Others	71,934	78,511	11,720
	2,223,840	2,748,407	410,326
Non-current portion:
Deferred government grants	6,975	15,835	2,364
Purchase consideration payable**	1,180,470	—	—
Finance lease liability (Note 10)	—	125,984	18,809
Others****	45,232	64,792	9,673
	1,232,677	206,611	30,846

*	The amount represents contract liabilities for the rendering of services. The decrease in customer advances as of June 30, 2022 is a result of less customer advances received in 2022.

**	The amount represents the remaining purchase consideration to acquire Camelot. As of June 30, 2022, RMB279,790 (US$41,772) and RMB939,801 (US$140,308) will be settled by cash and ordinary shares of the Company by June 30, 2023, respectively.

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

****


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Current portion:
Customer advances	378,957	412,080	57,929
Salary and welfare payable	600,775	550,168	77,341
Purchase of property and equipment	759,391	181,975	25,582
Accrued expenses	116,021	115,953	16,300
Other tax and surcharges payable	91,287	115,770	16,275
Deferred government grants	8,488	12,257	1,723
Purchase consideration payable*	148,038	1,228,271	172,668
Individual income tax payable** (Note 6)	48,949	2,135	300
Others***	71,934	89,838	12,630
	2,223,840	2,708,447	380,748
Non-current portion:
Deferred government grants	6,975	15,835	2,226
Purchase consideration payable*	1,180,470	—	—
Finance lease liabilities (Note 10)	—	127,851	17,973
Others***	45,232	75,558	10,622
	1,232,677	219,244	30,821

*	The amount represents the remaining purchase consideration to acquire Camelot. As of September 30, 2022, RMB282,783 (US$39,753) and RMB945,488 (US$132,915) will be settled by cash and ordinary shares of the Company by June 30, 2023, respectively.

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

***

BANK LOANS (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

BANK LOANS

Schedule of bank loans


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Short-term bank loans	1,348,166	1,266,270	189,049


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Short-term bank loans	1,348,166	1,041,045	146,348
	1,348,166	1,041,045	146,348

TAXATION (Tables)

6 Months Ended

Jun. 30, 2022

TAXATION

Schedule of Income Before Income Tax, Domestic and Foreign

Loss before income taxes consists of:


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
PRC	(739,763)	(1,424,355)	(212,651)
Non-PRC	143,711	53,918	8,050
	(596,052)	(1,370,437)	(204,601)

Schedule of Components of Income Tax Expense (Benefit)


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Current income tax expense	6,784	17,431	2,603
Deferred income tax benefit	(29)	(22,584)	(3,372)
	6,755	(5,153)	(769)

Schedule of Effective Income Tax Rate Reconciliation


	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Loss before income tax	(596,052)	(1,370,437)	(204,601)
Income tax computed at the PRC statutory tax rate of 25%	(149,013)	(342,609)	(51,150)
Effect of tax holiday and preferential tax rates	(9,558)	69,208	10,332
Effect of different tax rates in different jurisdictions	(7,862)	4,874	728
Other non-taxable income	(14,936)	(12,417)	(1,854)
Non-deductible expenses	4,106	5,376	804
Share-based compensation costs	49,801	51,663	7,713
Research and development super deduction	(68,815)	(72,497)	(10,824)
Withholding tax and others	5,234	4,898	731
Change in valuation allowance	203,296	309,602	46,222
True-up adjustments in respect of prior year’s annual tax filing	(3,474)	11,700	1,747
Expiration of tax loss forward	—	60,271	8,998
Tax rate change on deferred items	(2,024)	(95,222)	(14,216)
Income tax expense (benefit)	6,755	(5,153)	(769)

Schedule of Deferred Tax Assets and Liabilities


	As at
	December 31,	June 30,	June 30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Deferred tax assets:
Tax loss carried forward	1,841,192	2,297,553	343,016
Accrued expenses	235,737	78,644	11,741
Depreciation	7,082	6,253	934
Allowance for credit loss	53,436	20,272	3,027
Government grant	4,266	5,423	810
Operating lease liabilities	63,781	58,380	8,716
Finance lease liabilities	—	31,496	4,702
Accrued interest	170,337	211,214	31,533
Others	2,737	4,886	729
Less: valuation allowance	(1,881,873)	(2,186,332)	(326,411)
	496,695	527,789	78,797
Deferred tax liabilities:
Operating lease right-of-use assets	57,300	50,728	7,573
Finance lease right-of-use assets	—	30,669	4,579
One-time deduction for fixed asset purchases	337,564	344,802	51,477
Long-lived assets arising from acquisitions	277,267	261,873	39,097
Others	22,655	18,257	2,726
	694,786	706,329	105,452

Summary of Unrecognized Tax Benefit


	As at
	June 30,	June 30,
	2022	2022
	RMB	US$
	(unaudited)	(unaudited)
Balance at beginning of the period	59,049	8,816
Additions based on tax position related to current year	25,854	3,860
Reductions for tax positions related to prior years	(41,036)	(6,127)
Balance at end of the period	43,867	6,549

SHARE-BASED PAYMENTS (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the Activity Under the Share Option Scheme


			Weighted-	Weighted-
		Weighted-	average	average	Aggregate
	Number of	average exercise	grant-date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	61,760,202	0.07	0.87	6.61	0.98
Granted	8,417,040	0.07	0.18
Forfeited	(8,985,112)	0.07	0.99
Exercised	(11,643,164)	0.07	0.54
Outstanding, June 30, 2022 (unaudited)	49,548,966	0.07	0.84	6.37	0.22
Vested and expected to vest at June 30, 2022 (unaudited)	49,548,966	0.07	0.84	6.37	0.22
Exercisable at June 30, 2022 (unaudited)	29,571,662	0.07	0.50	5.60	0.22

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


	Number of	Weighted-average
	shares	grant date fair value
		US$
Outstanding, December 31, 2021	57,987,266	1.32
Granted	10,309,125	0.73
Cancelled	(4,136,945)	2.09
Vested	(3,656,739)	1.34
Forfeited	(5,176,536)	1.73
Outstanding, June 30, 2022 (unaudited)	55,326,171	1.11
Expected to vest at June 30, 2022 (unaudited)	55,326,171	1.11

Schedule of assumptions used to estimate the fair value of the share options


	For the six months ended June 30
	2021	2022
	(unaudited)	(unaudited)
Risk-free rate	1.13%-1.62%	1.75%-2.00%
Expected volatility range	36.47%-38.03%	35.62%-42.06%
Exercise multiple	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$3.04-US$3.49	US$0.33-US$0.73


	For the nine months ended September 30,
	2021	2022
	(unaudited)	(unaudited)
Risk-free rate	1.13%-1.62%	1.75%-2.93%
Expected volatility range	36.28%-38.03%	35.62%-46.22%
Exercise multiple	2.20-2.80	2.20-2.80
Fair market value per ordinary share as at valuation dates	US$1.97-US$3.49	US$0.24-US$0.73

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


	2021
Risk-free rate	0.21	%
Expected volatility	50.56	%
Exercise multiple	2.20
Fair market value per ordinary share as at valuation dates	RMB23.00

Summary of the amount of share-based compensation expense included in each of the relevant financial statement line items




	For the six months ended June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Cost of revenues	8,460	6,828	1,019
Selling and marketing expenses	38,844	42,956	6,413
General and administrative expenses	70,600	101,833	15,204
Research and development expenses	81,301	55,122	8,229
	199,205	206,739	30,865


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Numerator:
Net loss attributable to ordinary shareholders—basic and diluted	(1,110,786)	(2,149,306)	(302,143)

Denominator:
Weighted average number of ordinary shares outstanding—basic and diluted	3,377,952,450	3,654,601,335	3,654,601,335
Basic and diluted loss per share	(0.33)	(0.59)	(0.08)

2013 Share Award Scheme

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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


			Weighted-	Weighted-
		Weighted-	average	average	Aggregate
	Number of	average exercise	grant-date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	27,868,420	0.83	0.31	7.99	0.22
Forfeited	(478,400)	0.87	0.30	—	—
Outstanding, June 30, 2022 (unaudited)	27,390,020	0.83	0.31	7.50	—
Vested and expected to vest at June 30, 2022 (unaudited)	27,390,020	0.83	0.31	7.50	—
Exercisable at June 30, 2022 (unaudited)	9,908,740	0.83	0.31	7.50	—

2021 Share Award Scheme

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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


			Weighted-
			average	Weighted-
		Weighted-	grant-	average	Aggregate
	Number of	average exercise	date	remaining	intrinsic
	options	price	fair value	contractual term	value
		US$	US$	Years	US$
Outstanding, December 31, 2021	—	—	—	—	—
Granted	85,590,755	0.01	0.38
Exercised	(1,736,106)	0.01	0.32
Forfeited	(10,342,579)	0.01	0.40
Outstanding, June 30, 2022 (unaudited)	73,512,070	0.01	0.38	9.69	0.29
Vested and expected to vest at June 30, 2022 (unaudited)	73,512,070	0.01	0.38	9.69	0.29
Exercisable at June 30, 2022 (unaudited)	3,594,126	0.01	0.32	9.70	0.29

LOSS PER SHARE (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

LOSS PER SHARE

Schedule of earnings per share, basic and diluted



	For the six months ended June 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Numerator:
Net loss attributable to ordinary shareholders—basic and diluted	(602,818)	(1,356,246)	(202,483)
Denominator:
Weighted average number of ordinary shares outstanding—basic and diluted	3,347,286,795	3,651,473,415	3,651,473,415
Basic and diluted loss per share	(0.18)	(0.37)	(0.06)


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Numerator:
Net loss attributable to ordinary shareholders—basic and diluted	(1,110,786)	(2,149,306)	(302,143)

Denominator:
Weighted average number of ordinary shares outstanding—basic and diluted	3,377,952,450	3,654,601,335	3,654,601,335
Basic and diluted loss per share	(0.33)	(0.59)	(0.08)

RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

RELATED PARTY TRANSACTIONS

a)	Related Parties


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

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

a)	Related Parties


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

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

Schedule of Related Party Transactions



	For the six months ended June 30
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues:
Public cloud services provided to Xiaomi Group	385,207	435,114	64,961
Public cloud services provided to Kingsoft Group	67,817	93,801	14,004
Enterprise cloud services provided to Xiaomi Group	—	30,241	4,515
Enterprise cloud services provided to Kingsoft Group	—	4,466	667
	453,024	563,622	84,147
Purchase of devices from Xiaomi Group	185	58	9
Interest expense on loan due to Xiaomi Group	—	38,423	5,736
Interest expense on loan due to Kingsoft Group	—	11,690	1,745
Rental of building from Xiaomi Group*	28,639	23,603	3,524
Rental of office space, and administrative services from Kingsoft Group	6,702	7,955	1,188
	35,526	81,729	12,202

*	The Group entered into agreements to lease building and office space from Xiaomi Group. As of June 30, 2022, the related operating lease right-of-use assets amounted to RMB167,255 (US$24,971) and operating lease liabilities amounted to RMB199,650 (US$29,807), respectively.

b)	The Group had the following related party transactions:


	For the nine months ended September 30,
	2021	2022	2022
	RMB	RMB	US$
	(unaudited)	(unaudited)	(unaudited)
Revenues:
Public cloud services provided to Xiaomi Group	560,955	631,170	88,728
Public cloud services provided to Kingsoft Group	109,989	142,598	20,047
Enterprise cloud services provided to Xiaomi Group	6,178	46,280	6,506
Enterprise cloud services provided to Kingsoft Group	—	7,250	1,019
	677,122	827,298	116,300
Purchase of devices from Xiaomi Group	314	87	12
Interest expense on loan due to Xiaomi Group	5,879	52,505	7,381
Interest expense on loan due to Kingsoft Group	—	17,631	2,479
Rental of building from Xiaomi Group*	40,614	33,499	4,709
Rental of office space, and administrative services from Kingsoft Group	11,123	10,578	1,487
	57,930	114,300	16,068

Schedule of Related Party Balances


	As at
	December 31,	June 30,	June30,
	2021	2022	2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Amounts due from related parties:
Trade related:
Xiaomi Group	175,170	280,042	41,809
Kingsoft Group	26,868	49,498	7,390
Others	—	22,334	3,335
Non-trade related:
Kingsoft Group	10,863	10,868	1,622
	212,901	362,742	54,156
Amounts due to related parties:
Trade related:
Kingsoft Group	15,092	13,272	1,981
Xiaomi Group	55,853	41,794	6,240
Non-trade related:
Kingsoft Group*	529,284	529,284	79,020
Xiaomi Group**	709,088	596,084	88,993
	1,309,317	1,180,434	176,234

*	During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,873) bearing a fixed annual interest rate of 4.65%. The Group has fully repaid the loan in November 2022.

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


	As at
	December 31, 2021	September 30, 2022	September 30, 2022
	RMB	RMB	US$
		(unaudited)	(unaudited)
Amounts due from related parties:
Trade related:
Xiaomi Group	175,170	283,752	39,889
Kingsoft Group	26,868	52,336	7,357
Others	—	23,786	3,344

Non-trade related:
Kingsoft Group	10,863	10,868	1,528
	212,901	370,742	52,118
Amounts due to related parties:
Trade related:
Kingsoft Group	15,092	13,985	1,966
Xiaomi Group	55,853	42,441	5,966

Non-trade related:
Kingsoft Group*	529,284	529,284	74,406
Xiaomi Group**	709,088	754,161	106,018
	1,309,317	1,339,871	188,356

*	During 2021, the Group entered into an unsecured loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 bearing a fixed annual interest rate of 4.65%. The Group has fully repaid the loan in November 2022.

Schedule of Repayment of Related Party Loans in Fixed Quarterly Installments


	As at June 30, 2022
	RMB	US$
	(unaudited)	(unaudited)
Remaining six months of 2022	123,202	18,394
2023	241,168	36,005
2024	231,714	34,594
	596,084	88,993


	As at
	September 30, 2022
	RMB	US$
	(unaudited)	(unaudited)
Remaining three months of 2022	11,496	1,616
2023	306,978	43,154
2024	301,908	42,442
2025	74,590	10,486
2026	59,189	8,321
Total	754,161	106,019

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

9 Months Ended

Jun. 30, 2022

Sep. 30, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of accumulated other comprehensive income


		RMB
Balance as of January 1, 2021		(68,440)
Foreign currency translation adjustments, net of tax of nil		(62,115)
Balance as of June 30, 2021 (unaudited)		(130,555)
Balance as of January 1, 2022		(207,882)
Foreign currency translation adjustments, net of tax of nil		382,981
Balance as of June 30, 2022 (unaudited)		175,099
Balance as of June 30, 2022, in US$ (unaudited)		26,142


		RMB
Balance as of January 1, 2021		(68,440)
Foreign currency translation adjustments, net of tax of nil		(20,442)
Balance as of September 30, 2021 (unaudited)		(88,882)
Balance as of January 1, 2022		(207,882)
Foreign currency translation adjustments, net of tax of nil		797,123
Balance as of September 30, 2022 (unaudited)		589,241
Balance as of September 30, 2022, in US$ (unaudited)		82,834

ORGANIZATION AND BASIS OF PRESENTATION - Schedule of Assets Liabilities Results of Variable Interest Entities (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 3,163,210	$ 444,677	¥ 2,732,331	$ 407,926	¥ 4,217,528
Restricted cash	43,144	6,065	44,439	6,635	239,093
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB61,140 (US$8,595) as of December 31, 2021 and September 30, 2022, respectively	2,566,969	360,859	2,872,904	428,913	3,570,975
Prepayments and other assets	1,734,108	243,779	1,694,048	252,914	1,687,021
Total current assets	10,038,958	1,411,257	10,321,276	1,540,925	12,412,816
Non-current assets:
Property and equipment, net	2,350,671	330,452	2,449,659	365,724	2,364,103
Intangible assets, net	1,045,399	146,960	1,086,514	162,212	1,169,767
Prepayments and other assets	39,899	5,609	22,437	3,350	29,066
Goodwill	4,605,724	647,462	4,605,724	687,616	4,625,115
Equity investments	241,094	33,892	271,146	40,481	207,166
Operating lease right-of-use assets	218,615	30,732	225,225	33,625	256,451
Total non-current assets	8,506,291	1,195,794	8,679,058	1,295,748	8,665,224
Total assets	18,545,249	2,607,051	19,000,334	2,836,673	21,078,040
Current liabilities
Accounts payable	2,454,610	345,064	2,409,134	359,674	2,938,632
Amounts due to related parties	851,851	119,751	826,042	123,325	836,435
Current operating lease liabilities	104,528	14,694	100,620	15,022	108,590
Total current liabilities	7,201,407	1,012,358	7,393,636	1,103,840	7,515,880
Non-current liabilities
Other liabilities	219,244	30,821	206,611	30,846	1,232,677
Non-current operating lease liabilities	139,594	19,624	138,433	20,668	158,289
Amounts due to related parties	488,020	68,605	354,392	52,909	472,882
Total non-current liabilities	1,032,714	145,177	891,440	133,088	2,069,737
Total liabilities	8,234,121	1,157,535	8,285,076	1,236,928	9,585,617
Variable Interest Entity, Primary Beneficiary
Current assets:
Cash and cash equivalents	497,173	69,891	783,302	116,944	2,209,647
Restricted cash	16,170	2,273	18,271	2,729	89,704
Accounts receivable, net of allowance for credit losses of RMB30,082 and RMB61,140 (US$8,595) as of December 31, 2021 and September 30, 2022, respectively	2,144,817	301,514	2,419,642	361,243	3,170,860
Prepayments and other assets	948,865	133,389	914,962	136,600	907,350
Amounts due from related parties	345,406	48,556	337,212	50,344	184,137
Amounts due from subsidiaries of the Group	2,091,616	294,036	2,051,669	306,306	2,157,428
Total current assets	6,044,047	849,659	6,525,058	974,166	8,719,126
Non-current assets:
Property and equipment, net	2,169,005	304,915	2,246,421	335,382	2,157,093
Intangible assets, net	82,449	11,590	86,198	12,869	93,662
Prepayments and other assets	22,469	3,159	22,039	3,290	27,036
Goodwill	48,814	6,862	48,814	7,288	64,082
Equity investments	157,244	22,105	167,185	24,960	162,244
Amounts due from related parties	4,712	662	4,712	703	4,712
Operating lease right-of-use assets	143,069	20,112	145,496	21,722	184,908
Total non-current assets	2,627,762	369,405	2,720,865	406,214	2,693,737
Total assets	8,671,809	1,219,064	9,245,923	1,380,380	11,412,863
Current liabilities
Accounts payable	2,278,371	320,288	2,223,417	331,947	2,733,487
Accrued expenses and other liabilities	594,513	83,575	703,730	105,064	1,208,868
Short-term bank loans	1,017,045	142,974	1,246,126	186,042	1,348,166
Income tax payable			2,217	331	1,026
Amounts due to related parties	814,079	114,441	791,908	118,229	797,731
Current operating lease liabilities	61,386	8,630	59,432	8,873	70,672
Amounts due to subsidiaries of the Group	1,195,853	168,111	3,794,858	566,557	1,597,946
Total current liabilities	5,961,247	838,019	8,821,688	1,317,043	7,757,896
Non-current liabilities
Other liabilities	143,686	20,199	141,819	21,173	6,975
Non-current operating lease liabilities	101,080	14,210	97,927	14,620	121,057
Amounts due to related parties	488,020	68,605	354,392	52,909	472,882
Amounts due to subsidiaries of the Group	8,255,554	1,160,547	5,425,481	810,003	7,486,525
Total non-current liabilities	8,988,340	1,263,561	6,019,619	898,705	8,087,439
Total liabilities	¥ 14,949,587	$ 2,101,580	¥ 14,841,307	$ 2,215,748	¥ 15,845,335

ORGANIZATION AND BASIS OF PRESENTATION - Schedule of Assets Liabilities Results of Variable Interest Entities (Parentheticals) (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 CNY (¥)	Jun. 30, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Organization Consolidation And Presentation Of Financial Statements
Allowanace for doubtful debt on accounts receivable current	¥ 93,904	$ 13,201	¥ 42,056	$ 6,279	¥ 32,265	$ 4,817	¥ 15,194	¥ 12,374	¥ 15,770
Variable Interest Entity, Primary Beneficiary
Organization Consolidation And Presentation Of Financial Statements
Allowanace for doubtful debt on accounts receivable current	¥ 61,140	$ 8,595	¥ 39,635	$ 5,917	¥ 30,082

ORGANIZATION AND BASIS OF PRESENTATION - Schedule of Operations and Cash Flows Results of Variable Interest (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended			12 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)	Dec. 31, 2019 CNY (¥)
Organization Consolidation And Presentation Of Financial Statements
Revenues	¥ 4,080,307	$ 609,174	¥ 3,987,219	¥ 6,049,094	$ 850,369	¥ 6,401,054
Net loss	(1,356,246)	(202,483)	(602,818)	(2,149,306)	(302,143)	(1,110,786)	¥ (1,110,786)
Net cash used in operating activities	(282,401)	(42,161)	(760,801)	(181,472)	(25,511)	(746,875)
Net cash used in investing activities	(1,257,570)	(187,750)	(294,546)	(933,816)	(131,273)	(195,104)
Net cash generated from (used in) financing activities	(214,796)	(32,069)	601,302	(345,490)	(48,568)	1,127,466
Variable Interest Entity, Primary Beneficiary
Organization Consolidation And Presentation Of Financial Statements
Revenues	2,630,443	392,715	3,767,516	3,878,645	545,251	5,834,129
Net loss	(1,309,784)	(195,546)	(675,966)	(2,016,156)	(283,427)	(1,250,943)
Net cash used in operating activities	(202,932)	(30,297)	(937,775)	(293,061)	(41,198)	(1,083,760)
Net cash used in investing activities	(968,429)	(144,583)	(415,827)	(967,933)	(136,070)	(532,270)
Net cash generated from (used in) financing activities	¥ (212,577)	$ (31,737)	¥ 1,167,581	¥ (279,819)	$ (39,336)	¥ 1,762,747

- Definition

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

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- 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.

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+ Details

ORGANIZATION AND BASIS OF PRESENTATION - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended		9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021	Sep. 30, 2022 CNY (¥)	Sep. 30, 2021	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Restricted cash
Organization Consolidation And Presentation Of Financial Statements
Assets secured for payment of liabilities	¥ 18,271		¥ 16,170		$ 2,273	$ 2,728	¥ 89,704
Revenue Benchmark \| Variable Interest Entity, Primary Beneficiary \| Consolidated Revenue
Organization Consolidation And Presentation Of Financial Statements
Concentration risk percentage	64.50%	94.50%	64.12%	91.14%
Xiaomi Group \| Electronic equipment
Organization Consolidation And Presentation Of Financial Statements
Assets secured for payment of liabilities	¥ 514,963		¥ 735,550		$ 103,402	$ 76,882	¥ 702,424

ORGANIZATION AND BASIS OF PRESENTATION - Schedule of Organization and Basis of Presentation (Details)	6 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
CN \| Zhuhai Kingsoft Cloud Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Variable: Principal activities	Investment holding	Investment holding
CN \| Kingsoft Cloud Beijing Information Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Variable: Principal activities	Investment holding	Investment holding
Subsidiaries \| CN \| Kingsoft Cloud (Tianjin) Technology Development Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment		PRC
Variable: Principal activities		Cloud services
Subsidiaries \| CN \| Wuhan Kingsoft Cloud Information Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment		PRC
Variable: Principal activities		Cloud services
Subsidiaries \| CN \| Beijing Kingsoft Cloud Network Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Variable: Principal activities	Cloud services	Cloud services
Subsidiaries \| CN \| Beijing Jinxun Ruibo Network Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Variable: Principal activities	Cloud services	Cloud services
Subsidiaries \| CN \| Nanjing Qianyi Shixun Information Technology Co Ltd
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Variable: Principal activities	Cloud services	Cloud services
Subsidiaries \| Kingsoft Cloud Corporation Limited \| HK
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	HK	HK
Percentage of equity interest attributable to the Company	100.00%	100.00%
Principal activities	Cloud services	Cloud services
Subsidiaries \| Beijing Kingsoft Cloud Technology Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Percentage of equity interest attributable to the Company	100.00%	100.00%
Principal activities	Research and development	Research and development
Subsidiaries \| Beijing Yunxiang Zhisheng Technology Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Percentage of equity interest attributable to the Company	100.00%	100.00%
Principal activities	Research and development	Research and development
Subsidiaries \| Camelot Technology Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC	PRC
Percentage of equity interest attributable to the Company	82.15%	82.15%
Principal activities	Enterprise digital solutions and related services	Enterprise digital solutions and related services
Subsidiaries \| Kingsoft Cloud (Tianjin) Technology Development Co Ltd \| CN
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Place of establishment	PRC
Variable: 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
Variable: Principal activities	Cloud services

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended		12 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥) customer	Sep. 30, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) customer	Jun. 30, 2022 USD ($)	Feb. 28, 2022	Dec. 31, 2021 CNY (¥) customer	Sep. 30, 2021 CNY (¥)	Jan. 01, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Accounting Policies
Closing foreign exchange rate of CNY per US$1.00	6.6981			7.1135				7.1135	6.6981
Equity securities measured at fair value using alternate measurement	¥ 214,169			¥ 206,929				$ 29,090	$ 31,975		¥ 207,166
Equity securities without readily determinable fair value, downward price adjustment	5,000	$ 746		14,940	$ 2,100
Equity securities without readily determinable fair value cumulative loss				14,940				2,100				¥ 0
Employee benefit expenses	213,183	31,827	¥ 113,658
Cash Consideration Paid	63,356	9,459		63,356		¥ 63,356
Cash Consideration Paid \| $					8,906		$ 8,906
Equity method investment, unrealized gain loss on disposal	8,825	1,318
Accumulated deficit	(8,814,998)			(9,608,058)				$ (1,350,679)	$ (1,316,045)		¥ (7,458,752)		¥ 5,684
Percentage of ownership interest in equity investments without readily determinable fair value										15.63%
Unrealized losses from the change in fair value of the equity investments	¥ (8,825)	$ (1,318)		¥ (33,901)	(4,766)
Number of customers exceeding 10% of receivables				1				1			2
Number of customers exceeding 10% of contract asset balance				1				1			1
Beijing Yunshu
Accounting Policies
Percentage of ownership interest in equity investments without readily determinable fair value										15.63%
Other Comprehensive Income (Loss)
Accounting Policies
Unrealized losses from the change in fair value of the equity investments				¥ 33,901	$ 4,766
Adoption of ASU 326 \| Adjustment
Accounting Policies
Accumulated deficit \| ¥													¥ 5,684	¥ 5,684

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Carrying value of equity investments (Details) ¥ in Thousands, $ in Thousands	6 Months Ended		9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Equity investments without readily determinable fair value:
Initial cost basis	¥ 124,196		¥ 124,196		$ 17,459	$ 18,542	¥ 114,256
Cumulative unrealized gains	96,793		96,793		13,607	14,451	96,793
Cumulative unrealized losses (including impairment)	(5,000)	$ (746)	(14,940)	$ (2,100)
Foreign currency translation	(1,820)		880		124	(272)	(3,883)
Total carrying value	214,169		206,929		29,090	31,975	207,166
Equity investments with readily determinable fair value:
Initial cost basis	63,356		63,356		8,906	9,459
Cumulative unrealized losses	(8,825)	$ (1,318)	(33,901)	$ (4,766)
Foreign currency translation	2,446		4,710		662	365
Total carrying value	56,977		34,165		4,802	8,506
Total carrying value	¥ 271,146		¥ 241,094		$ 33,892	$ 40,481	¥ 207,166

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Assets and liabilities measured at fair value on a recurring and non-recurring basis (Details) - CNY (¥) ¥ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Recurring \| Equity investments with readily determinable fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets	¥ 56,977	¥ 34,165
Total Gains (losses)	(8,825)	(33,901)
Recurring \| Purchase consideration payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Liabilities	(1,219,591)	(1,228,271)	¥ (1,328,508)
Total Gains (losses)	(14,018)	(21,245)	(9,249)
Recurring \| Quoted prices in active markets for identical assets (Level 1) \| Equity investments with readily determinable fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets	56,977	34,165
Recurring \| Significant other observable inputs (Level 2) \| Purchase consideration payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Liabilities	(1,219,591)	(1,228,271)	(1,328,508)
Non-recurring \| Equity investments with readily determinable fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets	214,169		207,166
Total Gains (losses)	(5,000)		82,492
Non-recurring \| Equity investments accounted for using measurement alternative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets		206,929	207,166
Total Gains (losses)		(14,940)	82,492
Non-recurring \| Significant unobservable inputs (Level 3) \| Equity investments with readily determinable fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets	¥ 214,169		207,166
Non-recurring \| Significant unobservable inputs (Level 3) \| Equity investments accounted for using measurement alternative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total Fair Value of Assets		¥ 206,929	¥ 207,166

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIE - CONCENTRATION OF RISKS (Details) - Customer Concentration Risk	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable \| Minimum \| Two Customers
Concentration of Risk [Line Items]
Concentration risk percentage		10.00%	10.00%
Accounts Receivable \| Minimum \| One Customer
Concentration of Risk [Line Items]
Concentration risk percentage	10.00%
Contract asset \| One Customer
Concentration of Risk [Line Items]
Concentration risk percentage		10.00%	10.00%
Contract asset \| Minimum \| One Customer
Concentration of Risk [Line Items]
Concentration risk percentage	10.00%		10.00%

BUSINESS COMBINATION - Summary of fair value of assets acquired and liabilities assumed (Details) ¥ in Thousands, $ in Thousands	1 Months Ended		6 Months Ended
	Sep. 30, 2021 CNY (¥)	Sep. 30, 2021 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2021 USD ($)
Intangible assets:
Goodwill			¥ 4,605,724		¥ 4,605,724	$ 647,462	$ 687,616	¥ 4,625,115
Camelot Group
Fair values of the assets acquired and liabilities assumed
Total fair value of purchase consideration	¥ 5,290,553	$ 743,734	5,290,553	$ 789,859
Cash and cash equivalents	618,439		618,439				92,331		$ 86,939
Restricted cash	1,126		1,126				168		158
Accounts receivable and other assets	940,511		940,511				140,415		132,215
Property and equipment, net	13,792		13,792				2,059		1,939
Intangible assets:
Deferred tax assets	54,419		54,419				8,125		7,650
Deferred tax liabilities	(268,490)		(268,490)				(40,085)		(37,744)
Accounts payable and other liabilities	(871,903)		(871,903)				(130,172)		(122,570)
Non-controlling interests	(882,451)		(882,451)				(131,746)		(124,053)
Goodwill	4,556,910		4,556,910				680,329		640,600
Customer Relationships [Member] \| Camelot Group
Intangible assets:
Intangible assets	620,100		620,100				92,578		87,172
Trademarks \| Camelot Group
Intangible assets:
Intangible assets	474,000		474,000				70,766		66,634
Copyrights \| Camelot Group
Intangible assets:
Intangible assets	¥ 34,100		¥ 34,100				$ 5,091		$ 4,794

BUSINESS COMBINATION - Additional Information (Details) ¥ in Thousands, $ in Thousands	1 Months Ended				6 Months Ended
	Sep. 30, 2021 CNY (¥)	Sep. 30, 2021 USD ($)	Mar. 31, 2021 CNY (¥)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2021 USD ($)
BUSINESS COMBINATION
Goodwill					¥ 4,605,724		¥ 4,605,724	$ 647,462	$ 687,616	¥ 4,625,115
Shenzhen Yunfan
BUSINESS COMBINATION
Percentage of equity interests acquired			100.00%	100.00%
Cash consideration paid			¥ 126,400	$ 17,769	126,400	$ 18,871
Business combination intangible assets acquired					77,000		77,000	10,824	11,496
Goodwill					48,814		48,814	6,862	7,288
Business combination recognized identifiable net assets					¥ 586		¥ 586	$ 82	$ 87
Camelot Group
BUSINESS COMBINATION
Percentage of equity interests acquired	100.00%				100.00%				100.00%		100.00%
Cash consideration paid	¥ 751,974	$ 105,711			¥ 751,974	112,267
Business combination intangible assets acquired					4,538,579				$ 677,592
Goodwill	4,556,910				4,556,910				$ 680,329		$ 640,600
Consideration paid	5,290,553	743,734			¥ 5,290,553	$ 789,859
Equity settled consideration	¥ 4,538,579	$ 638,023
Beijing Camelot
BUSINESS COMBINATION
Percentage of equity interests acquired	79.53%										79.53%

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET - Summary of Disaggregation of Revenue (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	¥ 4,080,307	$ 609,174	¥ 3,987,219	¥ 6,049,094	$ 850,369	¥ 6,401,054
Public Cloud Service \| Transferred over Time
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	2,669,951	398,613	2,942,610	4,015,989	564,559	4,628,609
Enterprise Cloud Services
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	1,409,083	210,371	1,042,177	2,031,058	285,522	1,769,042
Enterprise Cloud Services \| Transferred at Point in Time
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	351,374	52,459	1,037,555	440,821	61,970	1,579,876
Enterprise Cloud Services \| Transferred over Time
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	1,057,709	157,912	4,622	1,590,237	223,552	189,166
Product and Service Other
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	1,273	190	2,432	2,047	288	3,403
Product and Service Other \| Transferred at Point in Time
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax			1,171			1,134
Product and Service Other \| Transferred over Time
Disaggregation of Revenue
Revenue from contract with customer, excluding assessed tax	¥ 1,273	$ 190	¥ 1,261	¥ 2,047	$ 288	¥ 2,269

- Definition

+ References

+ Details

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET - Summary of Revenue, Remaining Performance Obligation (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Revenue remaining performance obligation	¥ 80,228	$ 11,278	¥ 51,395	$ 7,673
Within One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Revenue remaining performance obligation	38,698	5,440	30,361	4,533
More Than One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Revenue remaining performance obligation	¥ 41,530	$ 5,838	¥ 21,034	$ 3,140

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET - Summary of Contract with Customer Liability Recognized (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET
Revenue recognized from amounts included in contract liabilities at the beginning of the period	¥ 139,661	$ 20,851	¥ 46,123	¥ 160,377	$ 22,545	¥ 78,808

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET - Summary of other gain (loss), net (Detail) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET
Gross unrealized gain on equity investments held			¥ 15,488			¥ 15,488
Gross unrealized loss (including impairment) on equity investments held	¥ (13,825)	$ (2,064)		¥ (48,841)	$ (6,866)
Net realized gain (loss) on equity investments sold	(123)	(18)	5,651	(123)	(17)	5,651
Changes in fair value of purchase consideration in a business acquisition	(14,018)	(2,093)		(21,245)	(2,987)
Total	¥ (27,966)	$ (4,175)	¥ 21,139	¥ (70,209)	$ (9,870)	¥ 21,139

REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET - Summary of other income (expense), net (Detail) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
REVENUES, OTHER GAIN (LOSS), NET AND OTHER INCOME, NET
Government grants	¥ 23,895	$ 3,567	¥ 8,612	¥ 27,165	$ 3,819	¥ 11,386
Income from ADS Reimbursement	5,056	755	5,016	7,646	1,075	7,498
Value added tax transferred out	(6,291)	(939)	(6,223)	(9,488)	(1,334)	(9,419)
Gain on disposal of property and equipment	3,276	489	14	3,286	462	65
Others	(5,935)	(886)	(1,029)	(9,687)	(1,362)	(3,736)
Total	¥ 20,001	$ 2,986	¥ 6,390	¥ 18,922	$ 2,660	¥ 5,794

ACCOUNTS RECEIVABLE, NET - Schedule of Accounts Receivable, Net (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 CNY (¥)	Jun. 30, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
ACCOUNTS RECEIVABLE, NET
Accounts receivable	¥ 2,660,873	$ 374,060	¥ 2,914,960	$ 435,192	¥ 3,603,240
Allowance for credit losses	(93,904)	(13,201)	(42,056)	(6,279)	(32,265)	$ (4,817)	¥ (15,194)	¥ (12,374)	¥ (15,770)
Accounts receivable, net	¥ 2,566,969	$ 360,859	¥ 2,872,904	$ 428,913	¥ 3,570,975

ACCOUNTS RECEIVABLE, NET - Schedule of the Movement in the allowance for Doubtful Accounts (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
ACCOUNTS RECEIVABLE, NET
Balance at beginning of the period	¥ 32,265	$ 4,817	¥ 15,770	¥ 32,265	$ 4,817	¥ 15,770
Balance at beginning of the period \| $		4,536			4,536
Adoption of ASC 326 \| ¥			5,684			5,684
Provision for expected credit losses	140,926	21,040	23,060	249,293	35,045	53,741
Write-offs charged against the allowance	(117,645)	(17,564)	(26,757)	(160,359)	(22,543)	(52,279)
Recoveries during the period	(13,490)	(2,014)	(5,383)	(27,295)	(3,837)	(7,722)
Balance at end of the period	¥ 42,056	$ 6,279	¥ 12,374	¥ 93,904	$ 13,201	¥ 15,194

ACCOUNTS RECEIVABLE, NET - Additional Information (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Jan. 01, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in accumulated deficit	¥ (9,608,058)	$ (1,350,679)	¥ (8,814,998)	$ (1,316,045)	¥ (7,458,752)	¥ 5,684
Adoption of ASU 326 \| Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in accumulated deficit						¥ 5,684	¥ 5,684

- Definition

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

+ References + Details

PREPAYMENTS AND OTHER ASSETS - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended		9 Months Ended			12 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
PREPAYMENTS AND OTHER ASSETS
Contract with customer, asset, allowance for credit loss	¥ 11,100		¥ 13,150			¥ 1,591	$ 1,849	$ 1,657
Contract with customer asset credit loss expense	9,509	$ 1,420	11,559	$ 1,625	¥ 0	0
Contract with customer asset, allowance for credit loss, write-offs	¥ 0	$ 0	¥ 0	$ 0	¥ 0	¥ 0

PREPAYMENTS AND OTHER ASSETS - Schedule of Prepayments and Other Assets (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Current portion:
Prepayments to suppliers	¥ 177,578	$ 24,964	¥ 162,998	$ 24,335	¥ 162,528
Contract costs	214,477	30,151	202,629	30,252	145,628
Contract assets, net	541,640	76,143	542,967	81,063	550,068
VAT prepayments	604,081	84,920	582,751	87,002	619,391
Interest receivable	20,641	2,902	14,931	2,229	21,463
Deferred IPO costs			24,815	3,705
Deferred offering costs	38,872	5,465
Individual income tax receivable	2,135	300	7,051	1,053	48,949
Others	134,684	18,934	155,906	23,275	138,994
Total	1,734,108	243,779	1,694,048	252,914	1,687,021
Non-current portion:
Prepayments for electronic equipment	39,421	5,542	20,372	3,042	25,388
Others	478	67	2,065	308	3,678
Total	¥ 39,899	$ 5,609	¥ 22,437	$ 3,350	¥ 29,066

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment, Net (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Property, Plant and Equipment
Property and equipment, gross	¥ 6,102,212	$ 857,835	¥ 5,995,132	$ 895,049	¥ 5,446,524
Less: accumulated depreciation	(3,751,541)	(527,383)	(3,545,473)	(529,325)	(3,082,421)
Property and equipment, net	2,350,671	330,452	2,449,659	365,724	2,364,103
Electronic equipment
Property, Plant and Equipment
Property and equipment, gross	5,652,799	794,658	5,545,846	827,973	5,123,149
Office equipment and fixtures
Property, Plant and Equipment
Property and equipment, gross	15,633	2,198	15,680	2,341	15,462
Data center machinery and equipment
Property, Plant and Equipment
Property and equipment, gross	269,082	37,827	269,082	40,173	144,328
Building
Property, Plant and Equipment
Property and equipment, gross	161,007	22,634	160,857	24,015	15,768
Construction in progress
Property, Plant and Equipment
Property and equipment, gross	¥ 3,691	$ 518	¥ 3,667	$ 547	¥ 147,817

PROPERTY AND EQUIPMENT, NET - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
PROPERTY AND EQUIPMENT, NET
Depreciation expense	¥ 492,579	$ 73,541	¥ 361,901	¥ 742,632	$ 104,398	¥ 558,546

INTANGIBLE ASSETS, NET - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
INTANGIBLE ASSETS, NET
Amortization expense of intangible assets	¥ 85,658	$ 12,788	¥ 7,688	¥ 129,277	$ 18,173	¥ 29,493

INTANGIBLE ASSETS, NET - Schedule of Intangible Assets, Net (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2021 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	¥ 1,264,487	$ 177,759	¥ 1,261,983	$ 188,409	¥ 1,260,487	¥ 1,260,487
Less: accumulated amortization	(219,088)	(30,799)	(175,469)	(26,197)	(90,720)	(90,720)
Intangible assets, net	1,045,399	146,960	1,086,514	162,212	1,169,767	1,169,767
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	620,500	87,229	620,500	92,638	620,100	620,100
Less: accumulated amortization	(106,083)	(14,913)	(81,605)	(12,183)	(32,637)	(32,637)
Patents and technologies
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	60,900	8,561	60,900	9,092	67,900	67,900
Less: accumulated amortization	(15,225)	(2,140)	(12,688)	(1,895)	(8,138)	(8,138)
Trademarks and domain names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	497,969	70,003	497,150	74,223	497,098	497,098
Less: accumulated amortization	(58,058)	(8,162)	(45,589)	(6,806)	(20,722)	(20,722)
Software and copyrights
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	81,411	11,445	79,726	11,903	71,752	71,752
Less: accumulated amortization	(36,625)	(5,149)	(32,679)	(4,879)	(26,692)	(26,692)
Others
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	3,707	521	3,707	553	3,637	3,637
Less: accumulated amortization	¥ (3,097)	$ (435)	¥ (2,908)	$ (434)	¥ (2,531)	¥ (2,531)

INTANGIBLE ASSETS, NET - Schedule of estimated amortization expense of intangible assets (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2021 CNY (¥)
Amortization expense of intangible assets
Remaining three months of 2022	¥ 43,296	$ 6,086	¥ 86,328	$ 12,888
2023	172,259	24,216	171,535	25,610
2024	170,654	23,990	170,012	25,382
2025	166,443	23,398	166,302	24,828
2026 and thereafter	492,747	69,270	492,337	73,504
Intangible assets, net	¥ 1,045,399	$ 146,960	¥ 1,086,514	$ 162,212	¥ 1,169,767	¥ 1,169,767

GOODWILL - Summary of Carrying Value of Goodwill (Details) ¥ in Thousands, $ in Thousands	6 Months Ended		9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)
GOODWILL
Beginning balance	¥ 4,625,115		¥ 4,625,115
Disposal of a subsidiary	(15,268)		(15,268)
Purchase price adjustments	(4,123)		(4,123)
Ending balance	4,605,724	$ 687,616	4,605,724	$ 647,462
Cloud service and solutions
GOODWILL
Beginning balance	3,669,031		3,669,031
Disposal of a subsidiary	(15,268)		(15,268)
Purchase price adjustments	(3,259)		(3,259)
Ending balance	3,650,504	545,006	3,650,504	513,180
Cloud-based digital solutions and services
GOODWILL
Beginning balance	956,084		956,084
Disposal of a subsidiary	0
Purchase price adjustments	(864)		(864)
Ending balance	¥ 955,220	$ 142,610	¥ 955,220	$ 134,282

LEASES - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Dec. 31, 2021
LEASES
Weighted average remaining lease term for operating lease	8 years 6 months	8 years 6 months		8 years 3 months 18 days
Weighted average discount rate for operating lease	5.93%	5.93%		6.18%
Operating lease cost	¥ 36,261	$ 5,414	¥ 26,385
Short-term lease cost	8,260	1,233	¥ 8,457
Depreciation of finance lease assets	2,079	310
Interest on finance lease liabilities	1,230	184
Variable Lease, Cost	814	122
Total finance lease costs	¥ 4,123	$ 616

LEASES - Summary of Undiscounted Future Minimum Payments under the Group's Operating Lease Liabilities (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)
Operating lease
Remaining three months of 2022	¥ 74,850	$ 10,522	¥ 78,040	$ 11,651
2023	58,789	8,264	56,374	8,416
2024	48,573	6,828	47,003	7,017
2025	29,852	4,197	29,852	4,457
2026 and thereafter	75,599	10,628	75,599	11,287
Total future lease payments	287,663	40,439	286,868	42,828
Less: imputed interest	(43,541)	(6,121)	(47,815)	(7,138)
Total lease liability balance	244,122	34,318	239,053	35,690
Financing lease
2024	14,699	2,066	14,699	2,195
2025	22,049	3,100	22,049	3,292
2026 and thereafter	139,644	19,631	139,644	20,848
Total future lease payments	176,392	24,797	176,392	26,335
Less: imputed interest	(48,541)	(6,824)	(50,408)	(7,526)
Total lease liability balance	¥ 127,851	$ 17,973	¥ 125,984	$ 18,809

LEASES - Other information (Details)	Jun. 30, 2022	Dec. 31, 2021
Weighted-average remaining lease term:
Operating leases	8 years 6 months	8 years 3 months 18 days
Finance leases	9 years 9 months 18 days
Weighted-average discount rate:
Operating leases	5.93%	6.18%
Finance leases	5.90%

LEASES - Cash paid for amounts included in the measurement of lease liabilities (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)
LEASES
Operating cash payments for operating leases	¥ 34,691	$ 5,179	¥ 3,204

LEASES - Lease assets obtained in exchange for lease obligations (Details) ¥ in Thousands, $ in Thousands	6 Months Ended		9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
LEASES
Operating leases	¥ 24,918	$ 3,720	¥ 28,496	$ 4,006	¥ 45,003
Finance leases	¥ 124,754	$ 18,625	¥ 124,754

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Liabilities (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Current portion:
Customer advances	¥ 412,080	$ 57,929	¥ 376,016	$ 56,138	¥ 378,957
Salary and welfare payable	550,168	77,341	573,403	85,607	600,775
Purchase of property and equipment	181,975	25,582	264,385	39,472	759,391
Accrued expenses	115,953	16,300	119,826	17,890	116,021
Other tax and surcharges payable	115,770	16,275	100,617	15,022	91,287
Deferred government grants	12,257	1,723	12,257	1,830	8,488
Purchase consideration payable	1,228,271	172,668	1,219,591	182,080	148,038
Individual income tax payable	2,135	300	3,801	567	48,949
Others	89,838	12,630	78,511	11,720	71,934
Accounts payable and accrued liabilities current	2,708,447	380,748	2,748,407	410,326	2,223,840
Non-current portion:
Deferred government grants	15,835	2,226	15,835	2,364	6,975
Purchase consideration payable					1,180,470
Finance lease liabilities	127,851	17,973	125,984	18,809
Others	75,558	10,622	64,792	9,673	45,232
Accounts payable and accrued liabilities noncurrent	¥ 219,244	$ 30,821	¥ 206,611	$ 30,846	¥ 1,232,677

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Liabilities (Parenthetical) (Details) ¥ in Thousands, $ in Thousands	1 Months Ended
	Jul. 31, 2020 CNY (¥)	Jul. 31, 2020 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Sep. 30, 2021 CNY (¥)
Purchase consideration payable, current					¥ 1,228,271	$ 172,668	¥ 1,219,591	$ 182,080	¥ 148,038
Purchase consideration payable, non current									1,180,470
Reimbursement received from the depository for the establishment and maintenance of the ads program	¥ 53,531	$ 7,469
Other accrued liabilities recorded as current					89,838	12,630	78,511	11,720	71,934
Other accrued liabilities recorded as noncurrent					75,558	10,622	64,792	9,673	45,232
Camelot Group
Purchase consideration payable, current			¥ 939,801	$ 140,308	282,783	39,753	279,790	41,772
Purchase consideration payable, non current					¥ 945,488	132,915
Other Current Liabilities
Other accrued liabilities recorded as current						1,544	10,314	1,540	9,836	¥ 10,983
Other Noncurrent Liabilities
Other accrued liabilities recorded as noncurrent						$ 2,442	¥ 19,013	$ 2,839	¥ 22,989	¥ 17,371
ADS Reimbursement [Member]
Reimbursement received from the depository for the establishment and maintenance of the ads program	¥ 50,028	$ 7,469

BANK LOANS - Schedule of Bank Loans (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Long Term Third Party Bank Loan Guaranteed By A Related Party [Abstract]
Short-term bank loans	¥ 1,041,045	$ 146,348	¥ 1,266,270	$ 189,049	¥ 1,348,166
Bank loan, total	¥ 1,041,045	$ 146,348			¥ 1,348,166

BANK LOANS - Additional Information (Details)	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Schedule of Debt [Line Items]
Short-term debt, weighted average interest rate	4.39%	4.44%	4.59%

TAXATION - Additional Information (Details) ¥ in Thousands, $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2022 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 CNY (¥)
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	¥ 43,867	¥ 49,591	$ 6,971	$ 6,549	¥ 59,049	$ 8,816
Unrecognized tax benefits setoff against deferred tax assets	22,759	22,585	3,175	3,398	43,095
Unrecognized tax benefits of remaining amounts	21,108	27,006	3,796	3,151	15,954
Unrecognized tax benefits that would impact effective tax rate	21,108	27,006	$ 3,796	3,151	15,954
Interest related to unrecognized tax benefits	¥ 0	¥ 0			0		¥ 0
Income tax rate	25.00%
Minimum
Income Tax Disclosure [Line Items]
Income tax examination period		3 years
Maximum
Income Tax Disclosure [Line Items]
Income tax examination period		5 years
Tax Withholding On Payment Of Interest And Dividends To Non PRC Resident Enterprises
Income Tax Disclosure [Line Items]
Tax withholding rates on interest and dividend payments	10.00%
HK
Income Tax Disclosure [Line Items]
Income tax rate	16.50%
Operating loss carryforwards	¥ 9,231,385			$ 1,378,209	¥ 7,485,149
CN
Income Tax Disclosure [Line Items]
Income tax rate	25.00%
CN \| Beijing Kingsoft Cloud Network Technology Co Ltd \| Preferential Income Tax Rate
Income Tax Disclosure [Line Items]
Income tax rate	15.00%

TAXATION - Schedule of Income Before Income Tax, Domestic and Foreign (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
TAXATION
PRC	¥ (1,424,355)	$ (212,651)	¥ (739,763)
Non-PRC	53,918	8,050	143,711
Loss before income taxes	¥ (1,370,437)	$ (204,601)	¥ (596,052)	¥ (2,154,307)	$ (302,846)	¥ (1,097,784)

- 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) (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
TAXATION
Current income tax expense	¥ 17,431	$ 2,603	¥ 6,784
Deferred income tax benefit	(22,584)	(3,372)	(29)	¥ (23,036)	$ (3,239)	¥ (1,123)
Income tax expense	¥ (5,153)	$ (769)	¥ 6,755	¥ 12,424	$ 1,747	¥ 11,759

- 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 (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
TAXATION
Loss before income tax	¥ (1,370,437)	$ (204,601)	¥ (596,052)	¥ (2,154,307)	$ (302,846)	¥ (1,097,784)
Income tax computed at the PRC statutory tax rate of 25%	(342,609)	(51,150)	(149,013)
Effect of tax holiday and preferential tax rates	69,208	10,332	(9,558)
Effect of different tax rates in different jurisdictions	4,874	728	(7,862)
Other non-taxable income	(12,417)	(1,854)	(14,936)
Non-deductible expenses	5,376	804	4,106
Share based compensation costs	51,663	7,713	49,801
Research and development super deduction	(72,497)	(10,824)	(68,815)
Withholding tax and others	4,898	731	5,234
Change in valuation allowance	309,602	46,222	203,296
True-up adjustments in respect of prior year's annual tax filing	11,700	1,747	(3,474)
Expiration of tax loss forward	60,271	8,998
Tax rate change on deferred items	(95,222)	(14,216)	(2,024)
Income tax expense	¥ (5,153)	$ (769)	¥ 6,755	¥ 12,424	$ 1,747	¥ 11,759

TAXATION - Schedule of Deferred Tax Assets and Liabilities (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Deferred tax assets:
Tax loss carried forward	¥ 2,297,553	$ 343,016	¥ 1,841,192
Accrued expenses	78,644	11,741	235,737
Depreciation	6,253	934	7,082
Allowance for credit loss	20,272	3,027	53,436
Government grant	5,423	810	4,266
Operating lease liabilities	58,380	8,716	63,781
Finance lease liabilities	31,496	4,702	0
Accrued interest	211,214	31,533	170,337
Others	4,886	729	2,737
Less: valuation allowance	(2,186,332)	(326,411)	(1,881,873)
Deferred tax assets, net	527,789	78,797	496,695
Deferred tax liabilities:
Operating lease right-of-use assets	50,728	7,573	57,300
Finance lease right-of-use assets	30,669	4,579	0
One-time deduction for fixed asset purchases	344,802	51,477	337,564
Long-lived assets arising from business acquisitions	261,873	39,097	277,267
Others	18,257	2,726	22,655
Deferred Tax Liabilities, Gross	¥ 706,329	$ 105,452	¥ 694,786

TAXATION - Schedule of Deferred Tax Assets and Liabilities (Parenthetical) (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
TAXATION
Deferred tax assets gross	¥ 2,714,121	$ 405,208	¥ 2,378,568
Valuation allowance on deferred tax assets	¥ 2,186,332	$ 326,411	¥ 1,881,873

TAXATION - Summary of Unrecognized Tax Benefit (Details) - 6 months ended Jun. 30, 2022 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Income Tax Uncertainties [Abstract]
Balance at beginning of the year	¥ 59,049	$ 8,816
Additions based on tax positions related to current year	25,854	3,860
Reductions for tax positions related to prior years	(41,036)	(6,127)
Balance at end of the year	¥ 43,867	$ 6,549

SHARE-BASED PAYMENTS - Summary of the activity under the Share Option Scheme (Details) - Share Options Scheme [Member] - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options - Outstanding	61,760,202
Number of options - Granted	8,417,040
Number of options - Forfeited	(8,985,112)
Number of options - Exercised	(11,643,164)
Number of options - Outstanding	49,548,966		61,760,202
Number of options - Vested and expected	49,548,966
Number of options - Exercisable	29,571,662
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	0.87
Weighted- average grant- date fair value - Forfeited	0.99
Weighted- average grant- date fair value - Granted	0.18	$ 3.15
Weighted- average grant- date fair value - Exercised	0.54
Weighted- average grant- date fair value - Outstanding	0.84		$ 0.87
Weighted- average grant- date fair value - Vested and expected	0.84
Weighted- average grant- date fair value - Exercisable	$ 0.50
Weighted- average remaining contractual term - Outstanding	6 years 4 months 13 days		6 years 7 months 9 days
Weighted- average remaining contractual term - Vested and expected	6 years 4 months 13 days
Weighted- average remaining contractual term - Exercisable	5 years 7 months 6 days
Aggregate intrinsic value - Outstanding	$ 0.22		$ 0.98
Aggregate intrinsic value - Vested and expected	0.22
Aggregate intrinsic value - Exercisable	$ 0.22

SHARE-BASED PAYMENTS - Additional Information (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands	6 Months Ended				9 Months Ended			12 Months Ended
	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 CNY (¥) shares	Jun. 30, 2021 $ / shares	Sep. 30, 2022 CNY (¥) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 CNY (¥) shares	Dec. 31, 2021 shares	Jun. 30, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period recognized	1 year	1 year
Total unrecognized share-based compensation expenses	¥ 68,849								$ 10,279
Share based compensation expense	¥ 206,739	$ 30,865	¥ 199,205		¥ 258,565	$ 36,348	¥ 309,211
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period	5 years	5 years			5 years	5 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period	2 years	2 years			2 years	2 years
Share award scheme
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares authorised							116,581,517
Share option scheme
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				8,667,040	8,667,040			209,750,000
Share based compensation by share based payment arrrangement intrinsic value of options excercised during the period	¥ 17,348	$ 2,590	179,681
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares		$ 0.18		$ 3.15
Aggregate fair value of the share-based awards vested	53,103	$ 7,928	32,944
Share based compensation by share based payment arrangement unrecognised compensation	¥ 71,228								$ 10,634
Weighted-average period recognized	1 year 3 months 7 days	1 year 3 months 7 days
Number of options - Exercised	11,643,164	11,643,164
Share based compensation by share based payment arrangement awards granted	8,417,040	8,417,040
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares, Number of shares Granted	11,684,432	11,684,432
Number of restricted shares vested	2,278,360	2,278,360						2,278,360
Restricted Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement vesting period	1 year	1 year
Camelot Award
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
Weighted-average period recognized	1 year 2 months 1 day	1 year 2 months 1 day
Total unrecognized share-based compensation expenses	¥ 66,193								$ 9,882
2013 Share Award Scheme
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								215,376,304
Share based compensation by share based payment arrrangement intrinsic value of options excercised during the period	¥ 0	$ 0	1,614
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares		$ 0.73
Aggregate fair value of the share-based awards vested	1,421	$ 212	¥ 7,307
Share based compensation by share based payment arrangement unrecognised compensation	¥ 8,862								$ 1,323
Weighted-average period recognized	1 year 3 days	1 year 3 days
Total unrecognized share-based compensation expenses	¥ 224,534								$ 33,522
Number of options - Exercised	0	0
Restricted shares, Number of shares Granted	10,309,125	10,309,125	0
Restricted shares, total weighted average grant-date fair value granted \| $ / shares		$ 0.73
Restricted shares,Aggregate Fair value	¥ 32,894	$ 4,911	¥ 13,417
Share based compensation by share based payment arrangement awards granted	0	0
2013 Share Award Scheme \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period recognized	1 year 6 months	1 year 6 months
2021 Share Award Scheme
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								209,216,310
Share based compensation by share based payment arrrangement intrinsic value of options excercised during the period	¥ 3,336	$ 498
Share based compensation by share based payment arrangement weighted average grant date fair value of awards granted during the period \| $ / shares		$ 0.38
Aggregate fair value of the share-based awards vested	¥ 11,415	$ 1,704
Weighted-average period recognized	2 years 6 months 29 days	2 years 6 months 29 days
Total unrecognized share-based compensation expenses	¥ 121,256								$ 18,103
Number of options - Exercised	1,736,106	1,736,106
Share based compensation by share based payment arrangement awards granted	85,590,755	85,590,755

SHARE-BASED PAYMENTS - Summary of the activity for the restricted shares issued under the Share Award Scheme (Details) - 2013 Share Award Scheme - $ / shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares - Outstanding	57,987,266
Number of shares - Granted	10,309,125	0
Number of shares - Cancelled	(4,136,945)
Number of shares - Vested	(3,656,739)
Number of shares - Forfeited	(5,176,536)
Number of shares - Outstanding	55,326,171
Number of shares - Expected to vest	55,326,171
Weighted-average grant date fair value - Outstanding	$ 1.32
Weighted-average grant date fair value - Granted	0.73
Weighted-average grant date fair value - Cancelled	2.09
Weighted-average grant date fair value - Vested	1.34
Weighted-average grant date fair value - Forfeited	1.73
Weighted-average grant date fair value - Outstanding	1.11
Weighted-average grant date fair value - Expected to vest	$ 1.11

SHARE-BASED PAYMENTS - Summary of the activity for the options issued under the Share Award Scheme (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
2013 Share Award Scheme
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options - Outstanding	27,868,420
Number of options - Granted	0
Number of options - Forfeited	(478,400)
Number of options - Exercised	0
Number of options - Outstanding	27,390,020	27,868,420
Number of options - Vested and expected	27,390,020
Number of options - Exercisable	9,908,740
Weighted- average exercise price - Outstanding	$ 0.83
Weighted- average exercise price - Forfeited	0.87
Weighted- average exercise price - Outstanding	0.83	$ 0.83
Weighted- average exercise price - Vested and expected	0.83
Weighted- average exercise price - Exercisable	0.83
Weighted- average grant- date fair value - Outstanding	0.31
Weighted- average grant- date fair value - Granted	0.73
Weighted- average grant- date fair value - Forfeited	0.30
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	$ 0.31
Weighted- average remaining contractual term - Outstanding	7 years 6 months	7 years 11 months 26 days
Weighted- average remaining contractual term - Vested and expected	7 years 6 months
Weighted- average remaining contractual term - Exercisable	7 years 6 months
Aggregate intrinsic value - Outstanding		$ 0.22
2021 Share Award Scheme
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options - Granted	85,590,755
Number of options - Forfeited	(10,342,579)
Number of options - Exercised	(1,736,106)
Number of options - Outstanding	73,512,070
Number of options - Vested and expected	73,512,070
Number of options - Exercisable	3,594,126
Weighted- average exercise price - Granted	$ 0.01
Weighted- average exercise price - Forfeited	0.01
Weighted- average exercise price - Exercised	0.01
Weighted- average exercise price - Outstanding	0.01
Weighted- average exercise price - Vested and expected	0.01
Weighted- average exercise price - Exercisable	0.01
Weighted- average grant- date fair value - Granted	0.38
Weighted- average grant- date fair value - Forfeited	0.40
Weighted- average grant- date fair value - Exercised	0.32
Weighted- average grant- date fair value - Outstanding	0.38
Weighted- average grant date fair value - Vested and expected	0.38
Weighted- average grant- date fair value - Exercisable	$ 0.32
Weighted- average remaining contractual term - Outstanding	9 years 8 months 8 days
Weighted- average remaining contractual term - Vested and expected	9 years 8 months 8 days
Weighted- average remaining contractual term - Exercisable	9 years 8 months 12 days
Aggregate intrinsic value - Outstanding	$ 0.29
Aggregate intrinsic value - Vested and expected	0.29
Aggregate intrinsic value - Exercisable	$ 0.29

SHARE-BASED PAYMENTS - Summary of assumptions used to estimate the fair value of the share options (Details) - $ / shares	6 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate, Minimum	1.75%	1.13%	1.75%	1.13%
Risk-free rate, Maximum	2.00%	1.62%	2.93%	1.62%
Expected volatility range, Minimum	35.62%	36.47%	35.62%	36.28%
Expected volatility range, Maximum	42.06%	38.03%	46.22%	38.03%
Exercise multiple, Minimum	2.20	2.20	2.20	2.20
Exercise multiple, Maximum	2.80	2.80	2.80	2.80
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market value per ordinary share as at valuation dates	$ 0.33	$ 3.04	$ 0.24	$ 1.97
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market value per ordinary share as at valuation dates	$ 0.73	$ 3.49	$ 0.73	$ 3.49

SHARE-BASED PAYMENTS - Summary of acquisition date fair value of each share-based award is estimated (Details) - Camelot Award	12 Months Ended
	Dec. 31, 2021 ¥ / shares
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	¥ 23.00

SHARE-BASED PAYMENTS - Summary of share-based compensation expense (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	¥ 206,739	$ 30,865	¥ 199,205
Cost of revenues [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	6,828	1,019	8,460
Selling and marketing expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	42,956	6,413	38,844
General and administrative expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	101,833	15,204	70,600
Research and development expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Expense	¥ 55,122	$ 8,229	¥ 81,301

RESTRICTED NET ASSETS - Additional Information (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)
Variable Interest Entity, Primary Beneficiary \| CHINA
RESTRICTED NET ASSETS
Net assets restricted	¥ 3,466,060	$ 487,251	¥ 3,542,822	$ 528,929

LOSS PER SHARE - Summary of Earnings Per Share Basic and Diluted (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended			12 Months Ended
	Jun. 30, 2022 CNY (¥) ¥ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 CNY (¥) ¥ / shares shares	Sep. 30, 2022 CNY (¥) ¥ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares
Numerator:
Net loss attributable to ordinary shareholders-basic and diluted	¥ (1,356,246)	$ (202,483)	¥ (602,818)	¥ (2,149,306)	$ (302,143)	¥ (1,110,786)	¥ (1,110,786)
Denominator:
Weighted average number of ordinary shares outstanding-basic	3,651,473,415	3,651,473,415	3,347,286,795	3,654,601,335	3,654,601,335	3,377,952,450	3,377,952,450
Weighted average number of ordinary shares outstanding-diluted	3,651,473,415	3,651,473,415	3,347,286,795	3,654,601,335	3,654,601,335	3,377,952,450
Basic loss per share \| (per share)	¥ (0.37)	$ (0.06)	¥ (0.18)	¥ (0.59)	$ (0.08)	¥ (0.33)	¥ (0.33)
Diluted loss per share \| (per share)	¥ (0.37)	$ (0.06)	¥ (0.18)	¥ (0.59)	$ (0.08)	¥ (0.33)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

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

+ References

+ Details

TREASURY SHARES - Additional Information (Details) $ / shares in Units, ¥ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2022 CNY (¥) shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 $ / shares	Jun. 30, 2021 $ / shares
Class of Stock [Line Items]
Shares repurchased during the period value \| ¥			¥ 71,508
Shares repurchased during the period shares \| shares			64,627,980	64,627,980
2022 Share Repurchase Program
Class of Stock [Line Items]
Maximum amount authorized to repurchase	$ 100,000
Repurchase period (in months)	12 months
Shares repurchased during the period value		$ 5,000,000
Shares repurchased during the period shares \| shares		26,509,680
Ordinary Shares
Class of Stock [Line Items]
Shares repurchased during the period shares \| shares			64,627,980	64,627,980
Minimum [Member]
Class of Stock [Line Items]
Fair value per ordinary share \| $ / shares		$ 0.33		$ 0.24	$ 1.97	$ 3.04
CHINA \| Minimum [Member] \| Variable Interest Entity, Primary Beneficiary
Class of Stock [Line Items]
Sale of stock consideration received in the transaction				$ 10,179,000
Subsidiaries \| CHINA \| Minimum [Member]
Class of Stock [Line Items]
Shares repurchased during the period value				$ 100,000,000

RELATED PARTY TRANSACTIONS - Schedule Of Related Parties And Nature Of Relationship (Details)	6 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
Kingsoft Group
Related Party Transaction [Line Items]
Nature of Common Ownership or Management Control Relationships	Principal shareholder of the Company	Principal shareholder of the Company
Xiaomi Group
Related Party Transaction [Line Items]
Nature of Common Ownership or Management Control Relationships	Entities controlled by a director of the Company	Entities controlled by a director of the Company

RELATED PARTY TRANSACTIONS - Schedule Of Related Party Transactions (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
Related Party Transaction [Line Items]
Revenue from Related Parties	¥ 563,622	$ 84,147	¥ 453,024	¥ 827,298	$ 116,300	¥ 677,122
Related Party Transaction, Amounts of Transaction	81,729	12,202	35,526	114,300	16,068	57,930
Public Cloud Services \| Kingsoft Group
Related Party Transaction [Line Items]
Revenue from Related Parties	93,801	14,004	67,817	142,598	20,047	109,989
Public Cloud Services \| Xiaomi Group
Related Party Transaction [Line Items]
Revenue from Related Parties	435,114	64,961	385,207	631,170	88,728	560,955
Purchase of Services \| Xiaomi Group
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	58	9	185	87	12	314
Interest expense on loan \| Kingsoft Group
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	11,690	1,745		17,631	2,479
Interest expense on loan \| Xiaomi Group
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	38,423	5,736		52,505	7,381	5,879
Rental of office space and administrative services \| Kingsoft Group
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	7,955	1,188	6,702	10,578	1,487	11,123
Rental of office space and administrative services \| Xiaomi Group
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	23,603	3,524	¥ 28,639	33,499	4,709	40,614
Enterprise Cloud Services \| Kingsoft Group
Related Party Transaction [Line Items]
Revenue from Related Parties	4,466	667		7,250	1,019
Enterprise Cloud Services \| Xiaomi Group
Related Party Transaction [Line Items]
Revenue from Related Parties	¥ 30,241	$ 4,515		¥ 46,280	$ 6,506	¥ 6,178

RELATED PARTY TRANSACTIONS - Schedule Of Related Party Transactions (Parentheticals) (Details) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Operating lease right-of-use assets	¥ 218,615	$ 30,732	¥ 225,225	$ 33,625	¥ 256,451
Operating lease liabilities	244,122	34,318	239,053	35,690
Xiaomi Group
Related Party Transaction [Line Items]
Operating lease right-of-use assets	160,000		167,255	24,971	210,551	$ 22,492
Operating lease liabilities	¥ 202,291	$ 28,438	¥ 199,650	$ 29,807	¥ 238,180

RELATED PARTY TRANSACTIONS - Schedule Of Related Party Balances (Detail) ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Amounts due from related parties:
Amounts due from related parties	¥ 370,742	$ 52,118	¥ 362,742	$ 54,156	¥ 212,901
Amounts due to related parties:
Amounts due to related parties	1,339,871	188,356	1,180,434	176,234	1,309,317
Trade related
Amounts due from related parties:
Amounts due from related parties	52,336	7,357			26,868
Kingsoft Group \| Trade related
Amounts due from related parties:
Amounts due from related parties			49,498	7,390	26,868
Amounts due to related parties:
Amounts due to related parties	13,985	1,966	13,272	1,981	15,092
Kingsoft Group \| Non-trade related
Amounts due from related parties:
Amounts due from related parties	10,868	1,528	10,868	1,622	10,863
Amounts due to related parties:
Amounts due to related parties	529,284	74,406	529,284	79,020	529,284
Xiaomi Group \| Trade related
Amounts due from related parties:
Amounts due from related parties	283,752	39,889	280,042	41,809	175,170
Amounts due to related parties:
Amounts due to related parties	42,441	5,966	41,794	6,240	55,853
Xiaomi Group \| Non-trade related
Amounts due to related parties:
Amounts due to related parties	754,161	106,018	596,084	88,993	709,088
Others \| Trade related
Amounts due from related parties:
Amounts due from related parties	¥ 23,786	$ 3,344	¥ 22,334	$ 3,335	¥ 0

- 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.

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+ Details

RELATED PARTY TRANSACTIONS - Schedule Of Related Party Balances (Parentheticals) (Details) ¥ in Thousands, $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022 CNY (¥)	Sep. 30, 2022 CNY (¥)	Dec. 31, 2022	Dec. 31, 2021 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Short-term Debt	¥ 1,266,270	¥ 1,041,045		¥ 1,348,166	$ 146,348	$ 189,049
Short-term Debt, Non Current		¥ 735,550		702,424	$ 103,402
Related party transaction, Terms and manner of settlement		4 years
Kingsoft Group
Related Party Transaction [Line Items]
Short-term Debt		¥ 500,000		¥ 500,000			$ 78,873
Short-term Debt, Percentage Bearing Fixed Interest Rate		4.65%		4.65%	4.65%		4.65%
Xiaomi Group
Related Party Transaction [Line Items]
Short-term Debt	241,691	¥ 325,950		¥ 236,206	$ 45,821	36,084
Short-term Debt, Non Current	¥ 354,392	¥ 428,211		¥ 472,882	$ 60,197	$ 52,909
Related party transaction, Terms and manner of settlement	P3Y
Xiaomi Group \| Weighted Average
Related Party Transaction [Line Items]
Related party transaction, Rate	4.36%		3.98%	4.36%

RELATED PARTY TRANSACTIONS - Schedule of Repayment of Related Party Loans in Fixed Quarterly Installments (Details) - Xiaomi Group ¥ in Thousands, $ in Thousands	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)
Related Party Debt By Maturity [Line Items]
Remaining three months of 2022	¥ 11,496	$ 1,616
2023	306,978	43,154	¥ 123,202	$ 18,394
2024	301,908	42,442	241,168	36,005
2025	74,590	10,486	231,714	34,594
2026	59,189	8,321
Total	¥ 754,161	$ 106,019	¥ 596,084	$ 88,993

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) ¥ in Thousands, $ in Thousands	Jun. 09, 2022 CNY (¥)	Jun. 09, 2022 CNY (¥) item	Jun. 09, 2022 CNY (¥) agreement	May 23, 2022 CNY (¥)	May 23, 2022 CNY (¥) item	May 23, 2022 CNY (¥) agreement	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 09, 2022 USD ($)	May 23, 2022 USD ($)
COMMITMENTS AND CONTINGENCIES
Capital expenditure commitments							¥ 34,287	$ 4,820	¥ 34,312	$ 5,123
Number of non-cancelable internet data center service agreements		2	2		2	2
Period of internet data center service agreements (in years)	1 year			1 year
Total contractual minimum purchase commitments	¥ 1,250,000	¥ 1,250,000	¥ 1,250,000	¥ 1,250,000	¥ 1,250,000	¥ 1,250,000			1,250,000	186,620	$ 175,722	$ 175,722
Remaining purchase commitment							¥ 643,012	$ 90,393	¥ 1,052,228	$ 157,094

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) -Schedule Of Accumulated Other Comprehensive Income (Details) ¥ in Thousands, $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 CNY (¥)
Schedule Of Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	¥ (207,882)		¥ (68,440)	¥ (207,882)		¥ (68,440)
Foreign currency translation adjustments	382,981		(62,115)	797,123		(20,442)
Ending Balance	¥ 175,099	$ 26,142	¥ (130,555)	¥ 589,241	$ 82,834	¥ (88,882)

- 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 (Details) - CNY (¥) ¥ in Thousands	6 Months Ended		21 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments tax	¥ 0	¥ 0	¥ 0

SUBSEQUENT EVENTS - Additional Information (Details) ¥ in Thousands, $ in Thousands	1 Months Ended
	Nov. 30, 2022 CNY (¥) employee shares	Oct. 31, 2022 CNY (¥)	Oct. 31, 2022 USD ($) shares	Sep. 30, 2022 shares
2021 Share Award Scheme
Subsequent Event [Line Items]
Maximum aggregate numbers of ordinary shares that are authorized to be issued				209,216,310
Subsequent event \| 2021 Share Award Scheme
Subsequent Event [Line Items]
Stock repurchase program,authorized amount \| $			$ 209,216,310
Maximum aggregate numbers of ordinary shares that are authorized to be issued			236,717,025
Camelot Technology Co Ltd \| Subsequent event
Subsequent Event [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	3.19%		9.50%
Cash consideration \| ¥	¥ 43,981	¥ 456,000
Number of employee incentive platforms \| employee	3
Percentage of equity interest acquired by employee incentive platforms	3.19%
Camelot Technology Co Ltd \| Subsequent event \| 2021 Share Award Scheme \| Restricted share units
Subsequent Event [Line Items]
Number of shares to be granted	27,500,715