ChinaCache Invests RMB 30 Mln in Innovation Works

ChinaCache, 8/31/11

Chinese content delivery network (CDN) service provider ChinaCache (Nasdaq: CCIH) today announced it has established a strategic partnership with Beijing-based incubator Innovation Works' Innovation Works Development Fund (IWDF) and Chinaparallel Fund.

Under the strategic partnership, ChinaCache will commit to investing RMB 30 mln (approximately USD 4.7 mln) in Innovation Works. ChinaCache will become the exclusive 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.

Kai-fu Lee, chairman and CEO of Innovation Works, said that nine projects invested by Innovation Works have already adopted ChinaCache's services.

Keywords: Kai-fu Lee telecom CDN ChinaCache cloud computing Internet data center Innovation Works CCIH investment

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