BEIJING, Feb. 4, 2011 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading provider of Internet content and application delivery services in China, today announced that it has reached a service agreement with QIYI.com (QIYI),a leading Internet video company in China, for content and application delivery services.
Under the terms of the agreement, ChinaCache will provide an integrated content and application delivery solution to support QIYI's online video services. ChinaCache's solution will help ensure the quality and improve the user experience of QIYI's online video services.
As a Baidu established Internet video service company, QIYI has emerged as one of the top Internet video companies in China. In 2010 QIYI saw strong video business growth, enjoyed a solid market reputation and established a strong customer base by providing HD quality video to end users.
"ChinaCache is very excited to add a high quality customer such as QIYI to our exiting Internet video customer portfolio which now includes a number of top video service companies in China," commented Song Wang, chief executive officer of ChinaCache. "We believe that our capable service platform will help QIYI in effectively managing peak traffic and significantly improving user experience. As the Internet video market begins to accelerate this year, we are strongly committed to providing the best quality of content and application delivery services to our customers," Wang continued.
Dr. Gong Yu, chief executive officer of QIYI said, "We are very pleased to have chosen ChinaCache's content and application delivery platform for our video services. We are confident that ChinaCache's scalable service platform can add value to us in ensuring our service quality. I believe that QIYI is uniquely positioned in the China market in offering quality Internet video services. We expect our business will continue to grow as a result of our strong commitment to continuing to optimize our video services and to providing the users with the best quality of video services over the Internet."
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex internet infrastructure, ChinaCache is the partner of choice for businesses, government agencies and other enterprises to enhance the reliability and
scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit www.chinacache.com.
QIYI offers high-definition video content at QIYI.COM in China, and it is the most valuable free online video site in its market today. QIYI has created a professional online video-on-demand platform that brings together a large selection of videos from providers, including all leading content companies.Baidu, Inc. established QIYI in January 2010. Providence Equity Partners in the U.S invested in QIYI. The management team is led by Dr. Gong Yu, a successful Internet veteran. Currently, QIYI has a great selection of video contents, which covers TV series, variety shows, movies, documentaries, animations, clips and the other popular programs. QIYI is focused on high quality content and convenient viewing experience for all users. QIYI strives to optimize its online video platform, enhancing user
experience, exploring new technologies to capture advertising opportunities for video and brand partners in order to provide high quality, cost effective, and in-depth marketing services. For more information on QIYI, please visit www.qiyi.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ChinaCache's beliefs and
expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening our relationships with its customers, and the general economic and business conditions in the regions where the Company provide its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to update such information, except as required under applicable law.
CONTACT: Mr. Wei AN
Vice President of Corporate Communications
ChinaCache International Holdings Ltd.
Tel: +86 (10) 6437-3399 ext. 611
Ms. Yue YU
Brunswick Group LLP
Tel: +86 (10) 6566-2256
Ms. Cindy ZHENG
Brunswick Group LLP
Tel: +1 (212) 333-3810
Source: ChinaCache International Holdings Ltd.
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