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2015年1月3日星期六

ChinaCache, the Accelerator in the Age of Mobile Internet

China Institute of Communications held "The Sixth China Mobile Phone Industry Development Conference & Intelligent Terminal and Mobile Internet Leadership Annual Meeting" in Beijing on Dec 22. During the conference themed as "Smart +", participants made in-depth analysis on industry development policies and environments, explored industry development trends under the new form of "Smart +, shared and dug innovative products, technologies and applications, and strengthened industry chain exchanges and cooperation. ChinaCache, China's leading total solutions provider of Internet content transmission, was invited by the organizer to attend the Management Summit and share network accelerating technologies in the mobile Internet age.
At present, network traffic has become a key driving force for the development of the mobile Internet. It is shown in the MIIT statistics that from Jan to Oct this year, the mobile Internet access traffic has a year on year growth of 58.6%. The mobile Internet access traffic has risen by 68.9% on year on year basis in October. The behavior shift of users from PC terminals to mobile terminals is a main factor in promoting high-speed growth of mobile Internet traffic. With the rapid development of mobile Internet network traffic, mobile applications have been emerging one after another, from mobile texts and mobile music at the beginning to mobile game, mobile voice, and mobile video at present. A great variety of mobile applications and a vast amount of integrated information transmission have made end users dissatisfied with their current network quality. It is urgent to meet the increasing need for network speed, especially for Internet videos, putting forward higher demand for broadband and network speed. In this way, the importance of CDN is highlighted.
Targeting at the rising demand of the mobile Internet on big flow and high-quality, ChinaCache has come up with mCAN solution (mobile Content-aware Networks). Without a large amount of network construction and expansion, mCAN can instantly help Application developers to overcome network bottleneck and improve the end user experiences. In addition, mCAN can greatly reduce transmission cost and delay upgrade cycles of transmission networks. In the face of customers difficulties, ChinaCache offers two services, cloud acceleration service and mobile content caching service. The use of these two technologies helps to balance the loads on the whole networks of the customers. At the same time, facing the complexity of mobile Internet big data application and network environment, ChinaCache has integrated CDN technology with big data mining and cloud computing, to obtain the best optimization path by accurately analyzing the data of the mobile users, and improve user experiences.
As the CDN market grows bigger and bigger, ChinaCache has been constantly developing new technology applications, to improve network quality and promote customer business.  With collaborative innovation and fusion of expertise from mobile operators, content providers and professional CDN vendors, ChinaCache has integrated industrial chain resources and advantages, to boost the development of the mobile Internet.



2014年12月22日星期一

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.