ChinaCache Terminates Agreement to Sell Its Data Center Assets
📅 - Chinese provider of content delivery network (CDN) and cloud services, ChinaCache (chinacache.com), has terminated the definitive agreement (disclosed on March 6, 2017, to sell 79% of ChinaCache's equity interest in ChinaCache Xin Run Technology from Beijing, which owns and operates the company's Internet data center business, to Tianjin Shuishan Technology.
ChinaCache ‘s strategic decision to terminate the agreement was made in recognition of the perceived value of the data center assets in light of increasing market demand for Internet data center services, as well as the belief that Xin Run can effectively be leveraged as part of ChinaCache ‘s offering package to customers, "thus [...][... Check source for end of article ...]
ChinaCache ‘s strategic decision to terminate the agreement was made in recognition of the perceived value of the data center assets in light of increasing market demand for Internet data center services, as well as the belief that Xin Run can effectively be leveraged as part of ChinaCache ‘s offering package to customers, "thus [...][... Check source for end of article ...]
Tags: Data Center News chinacache Song Wang Xin Run
Reads: 1248 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author: Donald Wiedemeyer
URL source: https://hostingjournalist.com/data-center/chinacache-terminates-agreement-sell-data-center-assets/
Company: China Cache
URL source: https://hostingjournalist.com/data-center/chinacache-terminates-agreement-sell-data-center-assets/
Company: China Cache
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