BEIJING, Aug. 31, 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 it has established a strategic partnership with Innovation Works Development Fund, L.P. and its China parallel fund ("Innovation Works").
Under the strategic partnership, ChinaCache will become the exclusive content distribution network ("CDN") partner for Innovation Works, who, under the strategic partnership, will recommend ChinaCache as the one-stop provider for CDN, cloud computing and managed IDC services to its portfolio companies. By helping Innovation Works' promising and innovative portfolio companies in China across the mobile Internet, consumer Internet, e-commerce and cloud computing sectors, ChinaCache will capture cutting-edge demand for CDN services, widen the first-mover-advantage in bringing new solutions to market and accelerate CDN penetration in China.
Innovation Works is a leading investment company focused on making early-stage high-tech investments, coaching young entrepreneurs, and providing complete services to help start-up companies. Its focus areas of investments include mobile Internet, consumer Internet, e-commerce and cloud computing.
Kai-Fu Lee, chairman and chief executive officer of Innovation Works, commented: "Innovation Works is very pleased to announce our strategic partnership with ChinaCache. With ChinaCache's advanced CDN services and high-quality statistical analysis, young companies will be well positioned to further advance their innovative projects and maximize their long-term business potential. Nine projects invested by Innovation Works have already adopted ChinaCache's services with great success."
"ChinaCache is dedicated to advancing innovations in the technology sector. We are committed to providing our clients with advanced technology solutions and services," said Mr.
Song Wang, the founder, chairman and chief executive officer of ChinaCache. "Through our strategic agreement with Innovation Works, ChinaCache will be able to access and serve many innovative businesses in China, sharpen our technological edge and reinforce our industry leadership."
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 a 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.
About Innovation Works
Founded by Dr.
Kai-Fu Lee in September 2009, Innovation Works is committed to helping Chinese young people create successful start-up companies. Innovation Works is an investment company focusing on making early-stage high-tech investments, coaching young entrepreneurs, and providing complete services to help these start-ups. Its services include funding, business plan optimization, technology guidance, marketing, human resource, legal assistance and staff training, which are highly valuable to start-up entrepreneurs. Innovation Works helps start-up companies to launch smoothly and grow rapidly in the early stage. It also helps entrepreneurs develop products with great market value and commercial potential. Innovation Works will invest in cutting-edge information technology: mobile Internet, consumer Internet, e-commerce and cloud computing.
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: For investor and media inquiries please contact:
Ms. Yue YU
Brunswick Group LLP
Tel: +86 (10) 6566-2256
Ms. Cindy ZHENG
Brunswick Group LLP
Tel: +1 (212) 333-3810
ChinaCache International Holdings Ltd.
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