ChinaCache Cloud, Building Enterprise Cloud Service

From 2009 till now, cloud computing service has been developing from initial testing and trial to wide acceptance with large-scaled commercialization at present, accompanied with significant promotion of users’ cognition of cloud computing during this period. Meanwhile, the cloud computing market in China has also been moving from growth phase to maturity phase, in the face of this unprecedented booming development. In 2013, public cloud service market alone reached 4.76 billion yuan in scale, demonstrating flourishing cloud computing service markets, including Internet giants, new startups, IDC service providers, and software vendors. Cloud computing market has brought huge subversion and change for the whole IT and Internet industry.

As China's leading total solutions provide of Internet content transmission, ChinaCache’s cloud computing service has been developing from offering source station service at the beginning to extending to the enterprise market with gradually improved products, demonstrating a high-quality level of cloud service. ChinaCache began planning cloud service as early as 2009, and become one of the first domestic cloud service providers in 2010 with its cloud hosting and block storage service awarded as one of the first domestic companies with trusted cloud service certification. With rich CDN node resource and network deployment advantage, ChinaCache can provide a large number of enterprise customers with one-stop IaaS service, fully covering broadcasting and TV, finance, education, energy, healthcare, government, network gaming, network media, and traditional manufacturing industries. To keep its leading position in industry development, and meet more and more diversified needs of the market, ChinaCache Cloud on one hand has been constantly improving the functions of its existing products, introducing cloud hosting, cloud storage, cloud monitoring, cloud backup and cloud security products on the basis of these existing products. On the other hand, ChinaCache Cloud has integrated all-around service capabilities, launching comprehensive and efficient industry solutions to meet ever-changing market needs.

In this vigorous cloud computing market, cloud service providers can gain the recognition of the market only by deeper mining and grasping customer demands, offering products and services that meet or exceed market demands, with better user experience. In the future, with constant development and maturity of cloud computing, the size of the market will be further expanded. The mixed cloud integrating features and advantages of public and private cloud will become a new growth point in the cloud computing market. ChinaCache Cloud will rely on its own research and development advantages, based on the market demands, making every effort to grasp industry customers’ needs, committed to providing customers with better products and higher quality cloud service.

Merry Christmas and happy new year

Deepest appreciation to ChinaCache's hard-working employees, the investors, and the partners. Best regards and wishes to all of you and your family on the forthcoming Christmas and New Year 2015.

ChinaCache Announces Share Buyback Program

 

BEIJING, Dec. 18, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, announced today that its Board of Directors (the "Board") has approved a share buyback program, under which the Company is authorized to repurchase, through open market purchases or privately negotiated transactions, up to US$10 million worth of outstanding American Depositary Shares of ChinaCache over the next 12 months, depending on market conditions, share price and other factors, and subject to relevant rules and regulations under the U.S. securities laws.

Mr. Song Wang, Founder, Chairman and CEO of ChinaCache, commented, "We are confident in the long term growth prospects of our business as a leading CDN and Cloud total solutions provider in China. We believe that this share buyback program underscores our commitment to enhance value for our shareholders."

The share buyback program will be funded by the Company's available cash balance. As of September 30, 2014, the Company had cash and cash equivalents of approximately US$76.4 million.

2014 Summary : ChinaCache Leading the Development with Global View

In 2014, China's Internet industry has still kept the momentum of rapid development. The number of Internet population in China has exceeded 630 million, with average weekly online time increased to 25.9 hours. The rapid growth of Internet population and online duration has greatly powered up the demand of the Internet industry towards CDN network acceleration service. The sustainability and reliability of CDN industry development, so to speak, is the primary guarantee for the Internet industry to achieve leaping development. ChinaCache International Holdings (hereinafter referred to as "ChinaCache") (NASDAQ: CCIH), as China's leading total solutions provider of Internet content transmission, has deep insight into the industry, starting with details from the macroscopic view, keeping its leadership in developing CDN industry in 2014. 

ChinaCache, as the leading enterprise in CDN business in China, has been committed to promoting the overall development of China's CDN industry. In June 2014, the Global CDN Conference organized by ChinaCache was held smoothly. ChinaCache has started to hold the CDN conference since 2013, aimed to provide a platform of exploring Internet development road for industry elites and top enterprises around the globe. With accumulated successful experience from 2013, ChinaCache successfully held the CDN conference again meeting again in 2014, offering cutting edge ideas and technologies for China’s CDN industry development. 

As one of the most influential total solution providers of Internet content transmission, ChinaCache has been paying special attention to the expertise of its services and technical leadership of its products. In 2014, ChinaCache has promoted its services to a higher level. For example, in January, ChinaCache Cloud service was among the first group to have successfully passed the trusted cloud service certification, covering cloud hosting and EBS service, offering customers with more stable and convenient cloud service by providing the “feasibility level" of 99.9%. In addition, the main body structure of ChinaCache Shouming Cloud Data Center was completed in Nov 19. The center will be equipped with globally leading experts and operation teams, to create a new generation of green and environmental-protection high-end data center cluster, and achieve the goal of offering package solutions to customers. The completion of these two major projects has further highlighted ChinaCache’s industry strength while enabling ChinaCache to have a head start in the fierce competition. 

Today’s Internet industry is filled with innovations and changes. Under the influence of globalization, the network has become a microcosm of rapid social innovation, among which the rapid development of mobile Internet has brought broad market prospect for CDN industry.

 ChinaCache has been leading in new explorations in mobile Internet and cross-industry development. In terms of the mobile Internet, ChinaCache has started cooperation with two well-known mobile Internet companies at home and abroad. In February, ChinaCache built the first 4G mobile Internet solution with Nokia Communication. The cooperation with Nokia Communication will enhance mobile Internet content acceleration and content customization performance, improve the availability of positioning and reference services, and provide awareness service for user behaviors and network real time status. In June, ChinaCache started partnership with Inmobly, the world's top SaaS mobile video content delivery solution provider, for extensive cooperation in the field of Internet applications, aiming to promote a new round of innovations for China’s mobile Internet, by integrating comparative advantages of ChinaCache and Inmobly, to offer better experiences for China Mobile’s users in access to 3G and 4G network. ChinaCache’s exploration and innovative cooperation in the mobile Internet have further advanced the innovation of mobile acceleration technology, to optimize domestic mobile network environment greatly.

In addition, in the heated e-commerce industry, ChinaCache has been playing an important supporting role as always. ChinaCache, by providing static page acceleration service, intelligent storage, distribution and adaptation service, has helped e-commerce service providers to handle heavy traffic challenge in shopping seasons, enabling enterprises to improve transmission effect of all kinds of data and content, without the need of additional investment. With this service, ChinaCache has successfully provided perfect solutions for well known e-commerce enterprises such as Jingdong, Suning and Jumei.

ChinaCache has also continued to provide total solutions support for major events at home and abroad, offering network operation & maintenance supports for enterprises at the same time. In November 2014, the 22^nd informal leadership meeting of APEC was held in Beijing. ChinaCache worked together with QianLong.com, offering network service total solution for APEC official website, including global acceleration solution, video on demand global acceleration solution, and server hosting solution, ensuring Internet zero-error service during the period of APEC conference. 

In 2014, ChinaCache, based on its industry positioning, has been making innovations and breakthroughs, with new cooperation and attempts in new fields, leading to fruitful results. On one hand, ChinaCache have well completed its task of offering network service support for major meetings at home and abroad. On the other hand, ChinaCache has adhered to professional service and leading technology, demonstrating its professional strength as China’s leading enterprise in CDN industry not only within the industry but also in cross-industry field. 

ChinaCache is ready for the upcoming 2015. With focus on technology innovation and experience accumulation, ChinaCache will continue to maintain its leading position in domestic CDN industry, while expanding into overseas markets to compete with global CDN companies. 

ChinaCache Cloud Service Based on Network Advantage

Rapid development and changes of Internet industry have led to several issues including uneven utilization of network resources, poor flexibility, low security efficiency, management difficulties and incapability of satisfying business needs. The rise of cloud computing has made more and more enterprises, especially those mainly focusing on public service, gradually accept and more tend to use cloud service. According to statistics, by the end of 2013, 60% of small and medium-sized enterprises had been using cloud service, and 70% people in those companies had virtualized the core content in their server. This shows that cloud computing is playing a more and more important role. The application trend of cloud computing also gradually extends from Internet industry to traditional industry. The service chain of cloud computing is increasingly rich, resulting in common development of private cloud, public cloud and hybrid cloud services.

 ChinaCache has started the research and development of cloud products as early as 2009, as one of the earliest domestic companies offering IaaS infrastructure cloud service to the market. With sound stability, safety and premium service, ChinaCache’s cloud products were awarded in 2014 with the trusted cloud certification issued by the National Ministry of Information and Information Technology. Rich cloud data center resources and many years of leading experience in operation and maintenance have laid a strong foundation for ChinaCache’s cloud service. Years of thorough R&D and intensive cultivation, ChinaCache’s cloud service has covered many industries including government, e-commerce, traditional enterprises, network media, network game industry, and mobile Internet. At present, ChinaCache cloud provides key services such as cloud hosting, cloud storage, load balance, cloud distributing CDN, and virtual subnet, providing customers with Iaas cloud service solution of low cost, high performance, and high scalability.

Cloud hosting service

ChinaCache Cloud adopts mainstream KVM virtualization technology, offering independently researched and developed products, with high performance physical servers used for the bottom level. The host can be migrated among nodes in multiple data centers, offering features such as flexibility, scalability and stability. Through dynamic resource allocation optimization and automatic architecture management, ChinaCache Cloud can save maintenance costs by 50%, improving operational efficiency and IT services level.

Cloud storage service

Cloud storage service is based on elastic block storage, achieving cost-effective mass storage and efficient resource allocation model, saving hardware investment by 1/4, improving resources utilization efficiency twice, lowering operational cost and energy consumption greatly, through massive distributed storage technology, distributed resource management technology, as well as independent optimization of virtualization technology.

Network acceleration service

ChinaCache’s CDN service can provide static content acceleration and dynamic acceleration, meeting the requirements of website dynamic and static mixing acceleration both at home and abroad. ChinaCache Cloud, with distributed cloud nodes, can be combined with CDN in a seamless way, ensuring service results while saving costs.

Professional operational maintenance service

Based on years of operational maintenance experience, ChinaCache can provide technical consultation and support, customer training, installation and commissioning of necessary product software, troubleshooting for system failures, upgrade service of hardware and system software, operation guarantee for application software, and 7 * 24 one to one professional service, in terms of cloud service.

ChinaCache Cloud, through continuous R&D investment and intensive cultivation, has accumulated strong technical strength and rich operational maintenance experience, offering powerful customized development capability, better satisfying customer-tailored delivery demands. This year, ChinaCache’s cloud service will continue to focus on government and enterprise customers, dedicated to providing reliable and highly secure public cloud service and customized private cloud and hybrid cloud services, to improve service values with the aid of network advantage.