Chinacache International Holdin (NASDAQ:CCIH)

BEIJING, Sept. 10, 2019 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (Nasdaq GS: CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced in a recent Form 6-K report that on September 4, 2019, Nasdaq issued a letter to the Company stating that The Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s shares from The Nasdaq Stock Market.

The delisting determination stated that Nasdaq will complete the delisting by filing a Form 25 with the United States Securities and Exchange Commission (the “SEC”) after applicable appeal periods have lapsed. The Company does not intend to appeal the Panel’s decision.

Mr. Bin Liu, acting CEO commented, “ChinaCache remains a publicly quoted company and will strictly adhere to SEC compliance protecting the interest of the Company’s investor base. Following the filing and acceptance of the delinquent quarterly and fiscal year end reports with the Securities Exchange Commission pursuant to the Exchange Act of 1934, ChinaCache intends to follow applicable Nasdaq listing standards, notwithstanding its delisting. Additionally, as of the date of this release, the Company continues to make progress with the completion of its delinquent annual report and intends to file these reports with the SEC. The Company intends to complete and file its Form 20-F for the fiscal year ended December 31, 2018 as soon as possible with the SEC. Thereafter, the Company intends to work with a market maker to file a Form 211 with FINRA to enable the Company’s shares to begin trading on the over-the-counter markets.

“While there can be no assurances that the Company will be able to execute its plan. If the shares resume trading on the over-the-counter markets, the shares may trade less frequently and in smaller volumes than securities traded on Nasdaq. While trading on the over-the-counter-markets the Company expects to apply for a Nasdaq listing at a future time.” concluded Mr. Liu.

BEIJING, May 10, 2018 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq GS:CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced that its Board of Directors (the “Board”) has unanimously adopted a shareholder rights plan (the “Rights Plan”).

The Rights Plan, which has a term of three years, is designed to preserve long-term shareholder value in the event of a potential takeover which appears to the Board to be coercive or unfair or otherwise not in the best interest of the Company and its shareholders.  The Rights Plan was not adopted in response to any specific effort to acquire control of the Company.

Pursuant to the Rights Plan, each shareholder as recorded in the register of members at the close of business on May 21, 2018 (the “Record Date”) will be granted one right for each outstanding ordinary share of the Company held by the shareholder. The rights are not immediately exercisable and subject to certain limited exceptions, the rights will only be exercisable after the acquisition of 15% or more of the Company’s ordinary shares by a person or group (an “Acquiring Person”) or the commencement of a tender offer or exchange offer that would result in a person or group becoming an Acquiring Person.

Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache, said, “Today’s action by the Board is a solid and prudent step to protect and safeguard the long-term best interests of our shareholders, our customers and the Company. Toward the end of 2017, and a few times in 2018, we experienced uncharacteristic volatility in our share price and trading volume.  We serve a number of sizeable and important customers and provide critical services for their operations.  With a Rights Plan in effect, we are taking tangible action to mitigate risks that any potential unsolicited takeover attempt would cause a disruption to the essential services we provide.  The Rights Plan also provides the bedrock for a more stable environment from which management can focus efforts on repositioning our longer-term strategy for turnaround and the execution of those initiatives that will drive it and deliver shareholder value.”

BEIJING, April 27, 2018 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced that it has terminated the definitive agreement (the “Agreement”) disclosed on March 6, 2017, to sell 79% of the Company’s equity interest in ChinaCache Xin Run Technology (Beijing) Co. Limited (“Xin Run”), which owns and operates the Company’s Internet data center business, to Tianjin Shuishan Technology Co, Ltd., Shanghai Qiaoyong Equity Interest Investment Fund Management Co., Ltd. and Tianjin Dingsheng Zhida Technology Co., Ltd. for a total consideration of RMB221.1 million.

Tianjin Shuishan Technology Co, Ltd., and Tianjin Dingsheng Zhida Technology Co., Ltd. are controlled by Mr. Song Wang, Chairman of the Board and Chief Executive Officer of ChinaCache.  The termination of the Agreement was approved by the Company’s Audit Committee.  None of the parties to the Agreement incurred a breakup fee due to the termination. 

The Company’s strategic decision to terminate the Agreement was made in recognition of the perceived value of the assets in light of increasing market demand for Internet data center services and the belief that Xin Run can effectively be leveraged as part of the Company’s offering package to customers, thus better positioning the Company for long-term growth.

“China is rapidly adopting a digital lifestyle and Cloud and new data-intensive technologies, such as AI and big data analytics, are fanning demand for increasing Internet data center capacity and related services,” said Mr. Song Wang.  “With ten Internet data centers in Beijing hosting capacity for 12,400 racks, Xin Run is growing quickly and capturing wide-spread demand from government agencies and businesses, including several leading Internet and Cloud service enterprises.  Against this backdrop, we see a compelling value proposition as we offer customers total solution services, comprised of our Internet data centers, Internet and Cloud exchange centers and our extensive content delivery network.  We believe this three-layered structured network will provide an integrated and broad-base of operations from which we can capitalize on our strengths and deliver sustained shareholder value.”

BEIJING, April 26, 2018 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH) today announced the appointment of Guangsheng Meng as Chief Financial Officer, effective April 20, 2018.  Mr. Meng will lead the financial operations of ChinaCache, including Tax, Treasury, Accounting, Internal Audit, Legal and Investor Relations and report directly to Mr. Song Wang, Chairman and Chief Executive Officer.

“We are thrilled to welcome Guangsheng to ChinaCache,” said Mr. Song Wang. “His more than twenty years of experience guiding companies through complex transitions and growth periods will be valuable for us especially when the Company is in this important transition period from 2018 to 2019. We look forward to working with him.”

Mr. Meng commented, “I’m excited to join the ChinaCache team and be part of this dynamic industry. Drawing on my financial management experience gained over the years, I'm confident in my ability to work with the ChinaCache team and look forward to contributing to the Company’s success going forward.”

Prior to joining ChinaCache, Mr. Meng served as Chief Financial Officer at China Gerui Advance Materials Group Limited from October 2009 to September 2017.  Throughout his career Mr. Meng has held senior leadership and Chief Financial Officer roles at various companies, including A-Power Energy Generation Systems Ltd., Terex (China) Ltd., Shell (China) Ltd. and Koch Materials (China) Company (a subsidiary of Koch Industries Inc.). Mr. Meng received his master’s degree in business administration with a concentration in finance from Georgetown University and is a Certified Public Accountant.  Mr. Meng is bilingual in Mandarin Chinese and English.

Fourth Quarter 2016 Financial Results

• Net revenues was RMB261,643 vs. last years same quarter of RMB263,312.
• Loss per ADS*: Basic and Diluted was RMB(3.68) vs. last years quarter of RMB(1.45)

Due to the downturn in the Company’s operating results, ChinaCache has impaired the net value of all its property and equipment and intangible assets as of December 31, 2016 based on the excess of the carrying amount of the asset group over its fair value. The Company determined the fair value of the asset group using the income approach based on the discounted expected cash flows associated with the asset group. The discounted cash flow for the asset group was based on three-year projections, which is consistent with the remained useful lives of the principal assets. Cash flow projections were based on past experience, actual results of operations and management best estimates about future developments, as well as certain market assumptions.

ChinaCache currently expects to generate total net revenues in the range of RMB0.84 billion to RMB0.87 billion for the full year of 2017, representing year-over-year decrease of approximately 20% to 17%.

This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, Aug. 10, 2017 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced that it has received a letter from the NASDAQ Stock Market, dated August 9, 2017, notifying the Company that it has granted the Company an exception to file its Form 20-F for the year ended December 31, 2016 (the "2016 Annual Report") by November 14, 2017.

According to terms of the exception, the Company must file its 2016 Annual Report on or before November 14, 2017 to regain compliance with the Nasdaq listing rules.  In the event the Company does not satisfy the terms of the exception, the Nasdaq Listing Qualifications staff will provide written notification that its securities will be delisted.  At that time, the Company may appeal the determination to a Hearing Panel. The Company intends to file its 2016 Annual Report on or before November 14, 2017.

BEIJING, June 01, 2017 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (Nasdaq:CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced that it has received the “Content Delivery Network (CDN) Business Operating License” from the Ministry of Industry and Information Technology of the People’s Republic of China.

Under the terms of the license, the Company is allowed to operate four types of Type I valued-added telecom businesses including (1) CDN business in all parts of China, (2) Internet Data Center (IDC) business in four municipalities directly under the authority of the central government and in fourteen other cities, (3) VPN business in two municipalities directly under the authority of the central government and six other cities, and (4) Internet connection business in four municipalities directly under the authority of the central government and in thirteen provinces.

Mr. Song Wang, Chairman and CEO of CCIH commented, “We are pleased to receive the new CDN license that covers both the CDN and the IDC businesses and provides us with a distinct competitive advantage as we further deliver customized total solution services to our customers. We received the first CDN license in China from the Chinese government in 2002 and the new license reaffirms the quality of our service and technology. Starting January 1, 2018, companies without CDN licenses will be prohibited from providing CDN services in China.”

BEIJING, March 06, 2017 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it has entered into definitive agreements to sell 79.0% equity interest of ChinaCache Xin Run Technology (Beijing) Co., Limited (“Xin Run”) to Tianjin Shuishan Technology Co., Ltd. (“Tianjin Shuishan”), Shanghai Qiaoyong Equity Investment Fund Management Co., Ltd. (“Shanghai Qiaoyong”) and Tianjin Dingsheng Zhida Technology Co., Ltd. (“Tianjin Dingsheng”), for a total consideration of RMB221.2 million in cash before fees and expenses.  Xin Run owns and operates ChinaCache’s Internet data center business.

Pursuant to the agreements, Tianjin Shuishan, Shanghai Qiaoyong and Tianjin Dingsheng agree to purchase 47.67%, 26.33% and 5.0%, respectively, of the equity interest in Xin Run for a consideration of RMB133.5 million, RMB73.7 million and RMB14.0 million, respectively. Shanghai Qiaoyong may designate a self-established fund as general partner, Tianjin Shuishan and Tianjin Dingsheng may respectively designate wholly-owned subsidiaries, to complete the transaction. After completion of the transaction, ChinaCache will, through a subsidiary, own 20.0% equity interest of Xin Run and will cease to consolidate the financial results of Xin Run and its subsidiaries. As of September 30, 2016, Xin Run had a shareholders’ equity value of approximately RMB14.8 million and a registered capital of approximately RMB126.6 million. ChinaCache plans to apply the proceeds from the transaction to R&D, working capital and other purposes.

“This transaction will significantly strengthen our balance sheet. In addition, by divesting the majority interest in this capital intensive business, we can focus on our asset-light and technology-driven CDN business,” commented Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache.

“We believe the transaction will enable Xin Run to achieve growth and unlock value, which may further benefit our shareholders. After the transaction, ChinaCache and Xin Run may explore partnership opportunities to provide our enterprise customers with premium total solutions,” concluded Mr. Wang.

Tianjin Shuishan and Tianjin Dingsheng are controlled by Mr. Song Wang, Chairman of the Board of Directors and Chief Executive Officer of ChinaCache. Tianjin Shuishan will obtain a loan from Shanghai Qiaoyong or its affiliates to finance its acquisition.

The completion of the transaction is subject to customary closing conditions, including obtaining of requisite governmental registration. The transaction has been approved by the Board of Directors of the Company, acting upon the unanimous recommendation of its audit committee, consisting of independent and disinterested directors. The Company has terminated the agreement to sell 60.0% of Xin Run as disclosed in its press release on December 2, 2015.

BEIJING, Feb. 27, 2017 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced it has entered into an exclusive partnership with PacketZoom, the leading provider of in-app technology that boosts mobile app performance.  Pursuant to the agreement, ChinaCache is granted exclusive right in China to build mobile-friendly infrastructure to deliver Packet Zoom Expresslanes™ aimed to accelerate and improve the reliability of mobile app content delivery in China. The term of partnership is initially three years and is subject to renewal.

“We are pleased to establish this partnership with PacketZoom,” said Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache. "As a leading provider of enterprise CDN solutions for mobile apps across China, we strive to ensure the optimal mobile user experience for our customers. We are excited this partnership allows us to speed up mobile apps over evolving cellular networks and improve the user experience for popular local apps as well as global apps operating in China.”

“With almost 1.3 billion mobile users in some of the most densely populated cities globally, it's no surprise that mobile user experience has become a priority for content providers,” said Shlomi Gian, CEO of PacketZoom. “The combination of PacketZoom’s Mobile Expresslanes™ for last mile optimization with ChinaCache edge servers and middle mile optimization is the ideal solution for optimal mobile app experience - especially in crowded markets where networks can be overworked.”

Third Quarter 2016 Financial Results

• Net revenues were RMB261.6 million (US$39.2 million), relatively flat compared to RMB261.5 million in the second quarter 2016.
• Loss per ordinary share basic and diluted was RMB(0.23) vs last years same quarter loss of RMB(0.03).

“In the third quarter we made steady progress in our business and achieved quarter-over-quarter improvements in our financial and operating results,” commented Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache. “We have begun to implement a series of growth initiatives and cost control measures to transition the Company toward growth and profitability and we are on track to execute our plan. Costs relating to streamlining our products and processes may affect our bottom line in the near term, however, we believe this will make us more efficient in the long term.”

“We made several key improvements in the business in the third quarter. Most notably, we further expanded our Internet Exchange (CHN-IX) network in first-tier cities and are ready to roll out customized ‘end-to-end’ total solutions through our integrated data centers, Internet and cloud exchange centers and vast content delivery networks (CDN). This new generation data center network is designed to meet customer demand for lower costs and enhanced user experiences, and is critical to driving our market penetration in the future,” Mr. Wang continued.

“As we turn the corner to 2017, our goal is to regain market share and emerge as the leading CDN provider in China. To enhance our competitive position within the CDN industry, we are transforming ourselves from a pure CDN provider to a one-stop-shop total solutions provider. Focusing on content and applications, we believe our new three-layer structured network consisting of the IDCs, Internet and cloud exchange centers and extensive CDN nodes will emerge as one of the best business models in the Chinese CDN industry and deliver superior value to our customers. We are in the process of deployment and are ready to expand services.”

“Finally, to accelerate our turnaround initiatives, we are considering a corporate restructuring program. We plan to spin off a portion of our data center business. This restructuring, when complete, will reduce future capital expenditure needs, strengthen our balance sheet, and, at the same time, allow us to participate in the future upside of the data center operations.” concluded Mr. Wang.

2016 Full Year Guidance

The Company maintains its previously announced full year 2016 total net revenues guidance. ChinaCache expects to generate total net revenues in the range of RMB1.04 billion to RMB1.1 billion for the full year 2016.

Third Quarter 2016 Financial Results

• Net revenues were RMB261.6 million (US$39.2 million), relatively flat compared to RMB261.5 million in the second quarter 2016.
• Adjusted net loss (non-GAAP), defined as net loss before share-based compensation expenses and foreign exchange gain (loss), was RMB86.6 million (US$13.0 million) in the third quarter 2016, compared with adjusted net loss (non-GAAP) of RMB91.4 million in the previous quarter and adjusted net loss (non-GAAP) of RMB44.4 million in the corresponding period in 2015. Non-GAAP net loss per basic and diluted ADS for the third quarter 2016 was RMB3.36 (US$0.48) each.

“In the third quarter we made steady progress in our business and achieved quarter-over-quarter improvements in our financial and operating results,” commented Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache. “We have begun to implement a series of growth initiatives and cost control measures to transition the Company toward growth and profitability and we are on track to execute our plan. Costs relating to streamlining our products and processes may affect our bottom line in the near term, however, we believe this will make us more efficient in the long term.”

“We made several key improvements in the business in the third quarter. Most notably, we further expanded our Internet Exchange (CHN-IX) network in first-tier cities and are ready to roll out customized ‘end-to-end’ total solutions through our integrated data centers, Internet and cloud exchange centers and vast content delivery networks (CDN). This new generation data center network is designed to meet customer demand for lower costs and enhanced user experiences, and is critical to driving our market penetration in the future,” Mr. Wang continued.

“As we turn the corner to 2017, our goal is to regain market share and emerge as the leading CDN provider in China. To enhance our competitive position within the CDN industry, we are transforming ourselves from a pure CDN provider to a one-stop-shop total solutions provider. Focusing on content and applications, we believe our new three-layer structured network consisting of the IDCs, Internet and cloud exchange centers and extensive CDN nodes will emerge as one of the best business models in the Chinese CDN industry and deliver superior value to our customers. We are in the process of deployment and are ready to expand services.”

“Finally, to accelerate our turnaround initiatives, we are considering a corporate restructuring program. We plan to spin off a portion of our data center business. This restructuring, when complete, will reduce future capital expenditure needs, strengthen our balance sheet, and, at the same time, allow us to participate in the future upside of the data center operations.” concluded Mr. Wang.

2016 Full Year Guidance

The Company maintains its previously announced full year 2016 total net revenues guidance. ChinaCache expects to generate total net revenues in the range of RMB1.04 billion to RMB1.1 billion for the full year 2016.

Second Quarter 2016 Financial Results

• Net revenues were RMB261.5 million (US$39.3 million), compared with RMB353.3 million in the corresponding period in 2015 and RMB267.8 million in the previous quarter.
• Net loss was RMB108.9 million (US$16.4 million) in the second quarter 2016, compared with a net loss of RMB138.5 million in the previous quarter, and a net loss of RMB7.3 million in the corresponding period in 2015. Net loss per basic and diluted American depositary share (“ADS”) for the second quarter 2016 was RMB4.31 (US$0.65) each. Each ADS represents 16 ordinary shares of the Company.

“While the growth rate of China’s Content Delivery Network (CDN) industry is higher than that of many other sectors in China’s economy, our performance in the second quarter of 2016 continued to be hampered by slower-than-expected improvements in our High Performance Cloud Caching (HPCC) platform. The HPCC platform was constructed using different technologies from the prior platform and requires significant time and effort to achieve optimal operating efficiency. Nevertheless, we believe that platform optimization will serve as our long-term differentiator in this market,” commented Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache.

“We are making steady progresses in our Internet Exchange and Data Center business. We have established Internet Exchange centers in Beijing, Shanghai and Guangzhou, and are planning more in other major cities in China. Although Internet Exchange centers are common in other countries, they are a new development in China. As a leader in the domestic Internet Exchange center business, we strive to bring innovation to the Chinese Internet industry, reduce Internet traffic cost for small- and mid-sized ICPs and ISPs, and improve the end user experience. We believe our efforts are complementary to current industry practices and will contribute to a healthier and stronger Internet industry in China.

“We are working diligently to improve our performance and to seize the opportunities offered by the CDN and Data Center businesses in China. We are investing in R&D to regain technological prominence. We are expanding our U.S. presence to better serve our customers and recruit more R&D talent, and we are initiating a corporate restructuring program to better reward and retain key employees, streamline operations and pursue sustainable growth,” concluded Mr. Wang.

2016 Full Year Guidance

ChinaCache currently expects to generate total net revenues in the range of RMB1.04 billion to RMB1.10 billion for the full year of 2016.

Fourth Quarter 2015 Financial Results

• Net revenues were RMB311.4 million (US$48.1 million), an 8.1% decrease year-over-year.
• Adjusted net loss (non-GAAP), defined as net loss before share-based compensation expenses, foreign exchange gain and penalties on uncertain tax positions, was RMB21.2 million (US$3.3 million), compared with adjusted net loss (non-GAAP) of RMB44.4 million in the third quarter of 2015 and adjusted net loss (non-GAAP) of RMB16.8 million in the corresponding period in 2014. Non-GAAP net loss per basic and diluted ADS for the fourth quarter of 2015 was RMB0.84 (US$0.13) each.

�We ended 2015 with significant progress made in our core business despite the challenges we experienced with our platform,� said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. �Although our revenue growth was affected by the platform issues, we managed to control our expenses effectively. In addition, with a company-wide platform optimization, we�ve received positive feedback from our customers on our three critical service offerings, including webpage, downloading and video services. We also achieved efficiencies throughout the business, demonstrated by our ability to keep operating expenses within our expectation.�

�In addition to improving our core CDN business, we successfully accomplished several strategic milestones with the development of our Cloud Data Center and Internet Exchange operation throughout 2015. Looking ahead into 2016, we will continue to focus on growing our CDN services, strengthening our execution and improving revenue generation. We expect to complete the platform optimization during the first half of the year, enabling us to accommodate increasing traffic with enhanced quality services, and to result in top-line growth in the second half of 2016. Simultaneously, we are implementing a long-term strategy of building a dedicated carrier- and Internet-neutral data center network (DCN) ecosystem,� concluded Mr. Wang.

2016 Revenue Guidance

ChinaCache currently expects to generate total net revenues in the range of RMB1.45 billion to RMB1.55 billion for the full year of 2016, representing year-over-year growth of 7.1% to 14.5%. The Company expects revenue growth to occur in the second half of the year once the platform optimization process is successfully completed.

BEIJING, Feb. 17, 2016 (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, today announced that the Company and ChinaCache Xin Run Technology (Beijing) Co., Limited (“Xin Run”) entered into a Strategic Cooperation Framework Agreement (the “Agreement”) with CITIC Telecom International CPC Limited (“CITIC Telecom CPC”) and CITIC Networks Co., Ltd. (“CITIC Networks”). CITIC Telecom CPC is a leading provider of a full range of Information and Communications Technology (ICT) solutions across Asia Pacific, while CITIC Networks owns China Express Network, which is the only core network with Type 2 Domestic Telecommunications License in China, apart from 3 local incumbents.

The Agreement outlined for the parties to collaborate in the areas of domestic and international data transmission and communications, Internet Exchange (IX) related services, CDN services, data center development and operation, and other value-added services, such as cloud products and services.

Mr. Song Wang, CEO and Chairman of ChinaCache, commented, “We are delighted to cooperate with the leading telecommunication and Internet services providers in China. By combining their technology expertise, global presence and quality clients with our profound industry experience and resources, we look forward to providing world-class CDN total solutions and interconnection and peering services for our diverse customer base. We are confident that this initiative is another key step towards our long term strategy of building a dedicated carrier-neutral and Internet-neutral data center network (DCN) ecosystem.”

Mr. Stephen Ho, CEO of CITIC Telecom CPC, added, “With increasing demand in both local and international business, Chinese enterprises require a high-performing, secure, and reliable network to compete in the global marketplace. We believe that a high-speed and high-bandwidth network is the key to help enterprises enhance their IT operations. We're excited to complement our cloud and data center solutions and CITIC Networks’ high-bandwidth network with ChinaCache’s services to tap into the fast-growing China cloud and CDN market. The cooperation will help customers to benefit from comprehensive ICT solutions while creating opportunities and value to satisfy their strategic business development needs.”

Hong Kong-listed CITIC Telecom International Holdings Limited (SEHK:1883) is the parent company of CITIC Telecom CPC. With key markets in Mainland China and Asia Pacific, the company is actively expanding to international markets by providing interconnection and interoperability services to global telecom operators.

ChinaCache Xin Run Technology (Beijing) Co., Limited owns and operates ChinaCache’s Atecsys Cloud Data Center (“Atecsys”). Atecsys is located in Shunyi Tianzhu Tax Free Zone in Beijing, China and is expected to become the largest International T3+ Data Center in Beijing based on the total number of server racks, which will be approximately 15,000 when completed. Atecsys offers over 80,000 square meters of customer space and is comprised of ten buildings for the data centers and one for the Internet Exchange, which is expected to become China’s first Internet Exchange when completed. The Internet Exchange is designed to serve the Internet industry in China with effective interconnection and peering services through world-class technologies and a private backbone line across key cities from Beijing to Hangzhou.

BEIJING, Jan. 15, 2016 (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, today announced that ChinaCache Xin Run Technology (Beijing) Co., Limited (�Xin Run�), in which ChinaCache holds 40% equity interest, has entered into definitive agreements to form a joint venture (JV) with Henan Zhongfu Industrial Corporation (Zhongfu) (600595.SH). The JV will be incorporated under the name of Henan Zhongfu ChinaCache Technology Co., Ltd. and will be 85% owned by Zhongfu and 15% owned by Xin Run. Zhongfu is an international enterprise with fine processing and manufacturing of aluminum as its core business and has a complete industry chain of coal, power and aluminum. Zhongfu is listed on the Shanghai Stock Exchange with total assets of approximately RMB26.0 billion as of September 30, 2015.

The JV will be formed to take advantage of the low-cost land and electric resources in Gongyi city, Henan Province in China, to develop Internet data centers to tap into the growing demand for IDC services in the region. Zhongfu agrees to contribute land, electricity and the majority of capital to the joint venture, and Xin Run agrees to primarily provide expertise in the areas of data center technology, market development, project management and data center operating and maintenance services.

Mr. Song Wang, CEO and Chairman of ChinaCache commented, �We are very pleased to form the JV with Zhongfu to jointly develop competitive Internet data centers in Henan Province and tap into the increasing demand for IDC services in that region. This JV is part of our long term strategy to build the first data center network (DCN) with our Internet Exchange (IX) in China to realize interconnection between Internet Service Providers (ISPs) and Content Providers (CPs). We believe our vast experiences in the CDN industry, combined with our DCN strategy, position us well to achieve long term growth and enable Zhongfu to complete their strategic transformation. In addition, the JV will leverage Zhongfu�s existing resources to build CCHP (Combined Cooling Heating and Power) supply system and an environmentally friendly ecosystem in the data center industry.�

BEIJING, Dec. 28, 2015 (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 new share buyback program, under which the Company is authorized to repurchase, through open market purchases or privately negotiated transactions, up to US$5 million worth of outstanding American Depositary Shares (�ADSs�) 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. 

This new buyback program is in addition to the program previously approved and announced on December 18, 2014, which authorized the Company to repurchase ADSs not to exceed US$10 million in the aggregate and the program previously approved and announced on August 24, 2015, which authorized the Company to repurchase ADSs not to exceed US$6 million in the aggregate.

This buyback program will be funded by the Company's available cash balance. As of September 30, 2015, the Company had cash and cash equivalents of approximately US$97.3 million

BEIJING, Dec. 2, 2015 (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, today announced that it has entered into definitive agreements for its subsidiary, ChinaCache Xin Run Technology (Beijing) Co., Limited ("Xin Run"), to sell 60% of Xin Run's equity interest to three investors for a total consideration of RMB375.0 million. Xin Run owns and operates ChinaCache's Atecsys Cloud Data Center ("Atecsys") and is expected to build China's first Internet Exchange.

Pursuant to the agreements, Tianjin Shuishan Technology Co., Ltd., KPIW (Beijing) Investment Fund Co., Ltd. and Tianjin Dingsheng Zhida Technology Co., Ltd. will subscribe for 36%, 22% and 2%, respectively, of the post-investment equity interest in Xin Run for a consideration of RMB225.0 million, RMB137.5 million and RMB12.5 million, respectively. After the completion of the transaction, ChinaCache will, through a subsidiary, own 40% equity interest in Xin Run and will cease to consolidate the results of Xin Run and its subsidiaries. ChinaCache may recognize investment gains under the US GAAP as the result of this transaction.

ChinaCache also agrees not to engage in the data center business that competes with Xin Run until the completion of a qualified initial public offering of Xin Run.

Atecsys is located in Shunyi Tianzhu Tax Free Zone in Beijing, China and is expected to become the largest International T3+ Data Center in Beijing based on the total number of server racks, which will be approximately 15,000 when completed. Atecsys offers over 80,000 square meters of customer space and is comprised of ten buildings for the data centers and one for the Internet Exchange, which is expected to become China's first Internet Exchange when completed. The Internet Exchange is designed to serve the Internet industry in China with effective interconnection and peering services through world-class technologies and a private backbone line across key cities from Beijing to Hangzhou.

"We are extremely excited to receive the support from investors to officially introduce Beijing's largest Data Center and the first Internet Exchange in China, which marks a significant milestone for ChinaCache," commented Song Wang, founder, Chairman and CEO of ChinaCache. "The rapid growth of China's Internet industry is generating enormous demand for Cloud services and Big Data, which requires increased data storage and Internet infrastructure. By integrating our vast content delivery network (CDN) and profound technology resources, the state-of-the-art Atecsys International Data Center and Internet Exchange enable ChinaCache to establish a complete eco-system and comprehensive service platform. We can now provide Internet service providers, content providers, Cloud service providers and enterprises with an unparalleled total solution."

"We believe the structure of this transaction provides a clear and substantial valuation for Xin Run and will significantly increase our shareholder value. We look forward to continuing our expansion into related areas, while further improving the Internet infrastructure in China," concluded Mr. Wang.

Tianjin Shuishan Technology Co., Ltd. is owned by Mr. Song Wang, Chairman of the Board of Directors and Chief Executive Officer of ChinaCache. Mr. Wang will obtain a loan from KPIW (Beijing) Investment Fund Co., Ltd. to make this investment.

The completion of the transaction is subject to customary closing conditions, including the obtain of requisite governmental approvals. The transaction has been approved by the audit committee of the Board of Directors of the Company.

Third Quarter 2015 Financial Results

• Net revenues in the third quarter were RMB325.1 million (US$51.2 million), a decrease of 13.4% year-over-year.
• Earnings (loss) per ADS*: Diluted (0.01) vs. last years same quarter of (0.00)

"During the third quarter, we continued to focus on optimizing our platforms and the company-wide performance improvement for our CDN business. We are seeing tangible results including providing full-course acceleration services for the Beijing military parade on September 3, offering differentiated services to several automotive enterprises and establishing the cooperation with Youku Router," commented Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "In addition, subsequent to the close of the quarter, we officially introduced our Atecsys Data Center, which is expected to be the largest in Beijing, and our Internet Exchange, which we believe to be the first of its kind in China. As our business continues to grow, we will continue to improve our infrastructure and services to support future expansion. With a keen focus on strengthened execution, our team is working diligently to drive operational enhancements that we believe will yield both revenue growth and long-term shareholder value."

2015 Revenue Guidance

ChinaCache currently expects to generate total net revenues in the range of RMB1.34 billion to RMB1.44 billion for full year 2015.

BEIJING, Nov. 25, 2015 (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, today announced that it entered into a strategic agreement ("Agreement") with AMS-IX (Amsterdam Internet Exchange), a Netherlands-based independent Internet Exchange, to develop the first Internet Exchange in Mainland China.

The Internet Exchange branded "CHN-IX" is expected to be built, owned and managed by ChinaCache to serve internet content providers (ICPs) and internet service providers (ISPs) in China with effective interconnect and peering services. Pursuant to the Agreement, AMS-IX will give consultancy on platform design, and will provide a proven infrastructure management and customer portal software. The partnership is exclusive and aimed at ensuring a world-class service to the customers of CHN-IX.

The company plans to establish CHN-IX at the ChinaCache Atecsys Data Center located within the Shunyi tax free zone near Beijing Capital international airport initially, to be followed by a node in Zhongguancun, Haidian District of Beijing, and with a plan to potentially expand into additional locations. Atecsys is the largest cloud computing data center campus in Beijing and offers over 80,000 square meters of customer space. Zhongguancun is known as "China's Silicon Valley", center of advanced technology and emerging industries. CHN-IX is expected to start serving customers in the fourth quarter of 2015.

"AMS-IX is the largest Internet Exchange in the world in terms of the number of parties connected, and we are very pleased to leverage their knowledge and expertise to build the first professional Internet Exchange in Mainland China," said Song Wang, founder, Chairman and CEO of ChinaCache. "Their involvement in combination with our state-of-the-art facility will enable CHN-IX to provide our customers with a high-quality interconnection service from day one. CHN-IX also underscores our dedication to support the government's Mass Entrepreneurship and Innovation, One Belt, One Road initiative, while improving connectivity and collaboration."

"With China's ever increasing volumes of internet traffic, this initiative will support the more efficient delivery of content to end-users within China," said Job Witteman, CEO of AMS-IX. "We are very proud to support the development of one of the first Internet Exchanges in China using our expertise in running world-class interconnection platforms. This partnership with ChinaCache further underlines the growing collaboration between the Netherlands and China."

BEIJING, Aug. 24, 2015 (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$6 million worth of outstanding American Depositary Shares ("ADSs") 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. This buyback program is in addition to the program previously approved and announced on December 18, 2014 (the "2014 Buyback Program"). The 2014 Buyback Program authorized the Company to repurchase ADSs of ChinaCache not to exceed US$10 million in the aggregate, of which authorization US$8.72 million remains available as of today for repurchase by the Company.

Both share buyback programs will be funded by the Company's available cash balance. As of June 30, 2015, the Company had cash and cash equivalents of approximately US$104.8 million.

• Net revenues in the second quarter were RMB353.3 million (US$57.0 million), a 2.0% increase year-over-year.
• Non-GAAP basic and diluted earnings per ADS in the second quarter of 2015 was RMB0.15 (US$0.02) each vs. last years same quarter gain of US$0.02.

"During the first half of 2015, we made significant progress on several key fronts, including customer base expansion, infrastructure advancements, and the addition of new mobile capabilities, while further improving our operating efficiency," commented Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "As our CDN business becomes bigger and continues to grow, we must continue to improve our infrastructure and services to support this growth. Although we are currently experiencing some platform issues, which have impacted our top-line recently, we are confident that our continued strategic investment in delivering innovative solutions will provide a differentiated value proposition to our customers, ensure the highest services standards and bandwidth optimization, and enable us to maintain our leadership position as the premium CDN total solution provider in China. We will work very hard to achieve meaningful improvements, while remaining a trusted partner of our customers, shareholders and employees."

2015 Revenue Guidance

ChinaCache currently expects to generate total net revenues in the range of RMB1.40 billion to RMB1.47 billion for full year 2015.

This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, Aug. 6, 2015 (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, today announced that the Company has entered into a strategic cooperation agreement with Goldenport Enterprises ("Goldenport") to provide full-course live streaming solutions during the Hong Kong-Beijing Rally 2015 (HKBJR2015).

Marking its 30^th anniversary, this year's Rally is organized by Goldenport and scheduled to kick off on September 12, 2015. Starting from Hong Kong, the 14-day HKBJR2015 will travel 3,000 kilometers across seven provinces and municipalities, including Guangdong, Hunan, Hubei, Henan, Hebei, and Beijing. The finishing destination is located at the Beijing Audi Goldenport Auto Park - Audi Beijing Sports Car Experience Center.

With 28,000 servers in 118 cities around the world, ChinaCache is committed to providing superior live streaming services during the Rally through its CDN network acceleration, operating maintenance and technical support.

"ChinaCache is proud to be part of the Hong Kong � Beijing Rally 2015," said Mr. Song Wang, ChinaCache's founder, chairman and CEO. "Crossing seven provinces in 14 days, the Rally is a strong testimonial of our broad network coverage and technology capability. We look forward to additional cooperation in the near future to help Goldenport's transformation and embrace the Internet Plus concept."

BEIJING, July 28, 2015 (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, today announced that the Company will provide customized total Internet solutions to auto manufacturer Dongfeng-Nissan, a joint venture between China's Dongfeng Motor Corporation and Japan's Nissan Motor.

Utilizing online marketing to improve brand awareness and boost online sales have become important strategies for Dongfeng-Nissan to further strengthen its leading position in China's auto industry. However, with the rapid growth of website visitors and online sales volume, Dongfeng-Nissan's existing website service has experienced page loading delays, online traffic congestion and intranet data transmission problems.

To address the Internet needs of Dongfeng-Nissan, ChinaCache will provide the client with customized total Internet solutions to improve the online user experience, reduce bandwidth and internal communication costs, while handling more traffic through a faster and more secure network. In particular, ChinaCache's SSR intelligent resolution system will increase page loading speeds by allocating content to end users directly from the nearest node. In addition, the solution will optimally balance the traffic load and allow for more stable data transmission and intranet communication while further reducing the risk of distributed denial-of-service (DDoS) attacks.

"ChinaCache has partnered with many of the leading auto brands in China, and we are very pleased to add Dongfeng-Nissan to this distinguished client list," said Mr. Song Wang, ChinaCache's founder, chairman and CEO. "Our vast experience serving China's auto industry has given us a thorough understanding of Dongfeng-Nissan's current Internet needs and challenges. Through our sophisticated technologies and customized total solutions, we are confident in our ability to support Dongfeng-Nissan as its online business needs continue to grow and evolve."

BEIJING, July 2, 2015 (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, today announced that it has entered into an agreement to provide Topit.me with its new mobile Internet solution, MPlus. Topit.me is an emerging photo sharing social App with more than 6 million registered users in China.

ChinaCache MPlus will support Topit.me with intelligent caching and optimization services for content, uplink transmission and protocol. In addition, ChinaCache will implement new mobile technologies, including intelligent identification and Internet content automatic adaptation for mobile devices, to increase access speed for Topit.me's mobile users, while reducing data usage.

"We are excited to help Topit.me improve their user experience while reducing source site bandwidth pressure," said Mr. Song Wang, ChinaCache's founder, chairman and CEO. "Photo sharing, E-commerce, online video and online games have grown dramatically in China over the past several years, and we will capitalize on this growth trend by continuing to develop advanced mobile Internet technologies while expanding our customer base."

BEIJING, June 30, 2015 (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, provided the one-stop cloud based CDN solutions that helped JD.com, China's largest online direct sales company, achieve record anniversary sales on June 18, 2015.

Approximately 15 million orders were placed during the 24-hour event, a 100% increase compared to the 2014 anniversary event. ChinaCache also supported JD.com's affiliate O2O platform, JD Daojia, which recorded a five-fold higher than normal average order volume on June 18.

During its annual 24-hour anniversary sales event, JD.com used a ChinaCache dedicated private-line solution to secure premium quality, speed and security, while also using ChinaCache's web acceleration service to ensure the delivery of dynamic content through optimal routing and caching strategies. The ChinaCache cloud based site security and protection solution also helped protect JD.com from any attempted defacement or distributed denial-of-service (DDos) attack, which are particularly common threats for the massive anniversary sales event. This year JD.com did not report any service compromises as a result of malicious traffic.

ChinaCache's founder, chairman and CEO Mr. Song Wang, commented, "ChinaCache played an essential role in supporting JD.com as it achieved another sales record, and we are very proud to be their long-term event partner. This event's success is another testament to the scale and reach of our intelligent platform and our capability to support leading e-commerce customers as they reach higher sales levels. We also look forward to continuing to provide premium CDN solutions to China's Internet industry."

BEIJING, June 18, 2015 (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, today announced that its mobile client Nice, China's popular photo sharing social App, has achieved improvement in data transmission efficiency and user experience with the support of the mobile Internet intelligent solution MPlus. Nice was added to ChinaCache's growing list of MPlus clients in the first quarter of 2015.

ChinaCache's founder, chairman and CEO Mr. Wang Song, commented, "The rapid development of photo technology is driving the tremendous growth of photo sharing on mobile devices. We look forward to capitalizing on this trend and helping more of our mobile technology clients achieve their development goals."

"Frequent photo refreshing and large photo volume are the two major technical challenges for photo sharing social Apps such as Nice. By leveraging ChinaCache's professional experience, we provided Nice with customized MPlus mobile Internet-aware services and a dedicated customer support team, resulting in a 60% higher than average transmission efficiency and a better user experience, allowing Nice to strengthen its position as China's leader in photo sharing," Mr. Wang concluded.

MPlus is a network-aware, terminal-aware and application-aware intelligence solution, which achieves intelligent acceleration through the implementation of file merge, deferred loading and HTML intelligent analysis. MPlus uses the resources of ChinaCache's Internet backbone to effectively provide stable professional services for the mobile Internet business.

MPlus was launched in early 2015 and extends more advantages to mobile e-commerce, mobile games, mobile social and other mobile Internet companies that generate heavy data traffic, allowing them to achieve transmission speeds that are higher-than-average. By integrating with this customized one-stop free traffic data solution, MPlus will help clients lower their operating costs while significantly enhancing the end-user experience with zero-traffic consumed, ultimately to enhance mobile Internet enterprises' competitive advantages in an increasingly competitive market.

BEIJING, June 5, 2015 /PRNewswire/ -- ChinaCache (Nasdaq: CCIH), the leading total solutions provider of Internet content and application delivery services in China, has announced the official launching of its NovaCDN website (www.novacdn.com). Aimed at international companies entering global markets, especially in China, it offers high-quality CDN services and ICP licensing to suit customer's needs.

NovaCDN, a star member of ChinaCache, offers web and digital content delivery solutions for global markets, with business focus on enabling service providers to introduce new services to their customers. NovaCDN has been running in an "always-available" mode for five consecutive years, covering 100,000+ websites, such as Volkswagen and iFeng.com. Also, NovaCDN has over 20 business partners in China including Microsoft and ChungHwa Cloud. As the most trusted partner for web performance optimization, NovaCDN can provide various modules of cooperation with agents, resellers, and licensed CDN for operators and enterprises.

For those who are truly serious about entering global markets while having their websites and digital assets hosted locally, NovaCDN is a CDN service provider which can offer one-stop solutions for in-country hosting, saving infrastructure costs and eliminating trouble in dealing with multiple vendors.

With broad network coverage both overseas and domestically, plus the two data centers in Beijing and Shanghai, NovaCDN can offer global CDN services through integration and fusion technology of partners, guaranteeing optimized transmission speed with measureable performance improvements, including webpage acceleration, file delivery acceleration and smarter streaming media delivery. Based on NovaCDN's TCP proprietary technology and optimized end-to-end, the total time of downloading, as well as connecting and DNS will improve significantly. By adopting NovaCDN service, website access performance can more than double even with no services in China. Content can be delivered to any device anywhere in China, covering most Chinese ISPs, providing consistent user experience to intranet and internet users. In addition, NovaCDN can offer high availability of above 99% with guaranteed service uptime, and increase concurrent connection count 50 times with 200% performance improvement in terms of origin offload.

At present, all the foreign websites entering the Chinese market should have an ICP license to operate, according to Chinese Ministry of Industry and Information Technology (MIIT). Otherwise, they will be penalized and shut down, resulting in negative impact on their business. To solve customer's difficulty, NovaCDN offers full support and service to help customers complete registering their ICP license.

With NovaCDN, you will have an entire global network to deliver your content rapidly to any devices, anywhere, at any time. With NovaCDN, you will be able to provide your customers with the speed and scalability of a CDN. With NovaCDN, you will take advantage of localized and trusted CDN and cloud based solutions to help you meet your business needs, improve your user satisfaction, save your costs, and speed up your business.

BEIJING, May 28, 2015 (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, today announced that it has launched NovaCDN's intuitive website: www.novacdn.com. As an extension of our self-provisioned platform, Weblucker (www.webluker.com), NovaCDN provides world-class one-stop CDN solutions, Internet Content Provider (ICP) licenses and cloud hosting services for international customers.

Focusing on web performance optimization for international service providers' entrance into China, five-year-old NovaCDN serves over 100,000 websites, including Volkswagen and iFeng.com, and has established partnerships with over 20 international businesses, including Microsoft and Taiwan's ChungHwa Cloud.

With 98 POPs (Post Office Protocols) worldwide, and 102 local POPs in China, as well as two data centers located in Beijing and Shanghai, NovaCDN provides advanced global CDN coverage and proprietary Transmission Control Protocol (TCP) technologies, which ensure optimized transmission and up to twice the website and file loading speed compared with any other service in China.

"Chinese Ministry of Industry and Information Technology regulations require foreign websites to obtain ICP licenses to avoid any service interruptions," said Mr. Wang Song, founder, chairman and CEO of ChinaCache. "Through its comprehensive platform, NovaCDN is committed to supporting international customers, who can also obtain additional services from ChinaCache to meet their business needs. With NovaCDN, enterprises have an entire global network delivering their content rapidly to any device, anywhere, at anytime."

• Net revenues in the first quarter were RMB363.7 million (US$58.7 million), exceeding the high-end of the prior guidance by approximately 3.9%, and representing a 12.3% increase year-over-year.
• Non-GAAP basic and diluted earnings per ADS in the first quarter of 2015 were RMB0.40 (US$0.07) and RMB0.39 (US$0.06), respectively.

"I am pleased to report a successful first quarter, generating double-digit revenue growth, which exceeded the upper end of our guidance range," commented Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "As we completed the migration to our High Performance Cloud Cache Platform and continue to invest to improve our infrastructure capabilities, we are experiencing enhanced customer satisfaction and increased new customer engagements, including CreditEase and Taikang Life. Customers are pleased with the introduction of our MPlus mobile intelligence aware solution, and our SMS (Smart Media Server) live streaming platform."

"We are excited about our strong start to 2015, and we will continue focusing on meeting customer demands, while improving operation efficiency and achieving strong financial results through margin expansion and expense discipline."

Second Quarter of 2015 Revenue Guidance

ChinaCache currently expects to generate total net revenues in the range of RMB392.0 million to RMB403.0 million for the second quarter of 2015, representing an increase of 7.8% to 10.8% over the first quarter of 2015.

BEIJING, April 29, 2015 (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, today announced the launch of its Smart Media Server, or SMS. SMS is a proprietary platform that enables interactive live streaming of content in different formats for online delivery to multiple networks and devices.

The ChinaCache SMS platform provides enhanced and accelerated distribution of streaming media content, with fewer delays and bottlenecks. SMS supports both standard and on-demand Real-Time Messaging Protocols (RTMP), enabling developers to create interactive applications that include media. SMS also supports SWF, Token and Refer encryptions.

SMS supports several categories of streaming video content, including: HD video network television and media, live game events and game portals, interactive live broadcasting, education, sporting events, conferences, entertainment portals, mobile broadcasting and other value-added services. SMS covers almost all video related applications and provides an unprecedented level of support for streaming media development.

The advantages of the ChinaCache SMS Platform include:

• Rapid deployment. Typically deployed in one to two days, as the platform realizes load balancing and node flexibility through ChinaCache's unified scheduling and resource allocation platform.
• One-stop solution. Addresses all technical requirements for live streaming.
• Broad coverage. Leverages ChinaCache's broad CDN network to ensure the utmost coverage.
• Stability and Flexibility. Ensures secure, high-quality transmission of content with no exposure of the client's URL. ChinaCache also developed a real-time surveillance system that measures bandwidth, traffic, and visitors in five-minute intervals to help the client understand the service status and make strategy adjustments, if necessary.
• Cost savings. Saves bandwidth costs and server deployment costs for the client as streaming downloading technology is adopted.

"Over the next five years, we foresee video traffic increasing by a multiple of sixty, and live streaming content delivery will be increasingly popular in sectors like gaming, talk show entertainment, education, news portals and HD Internet network TV," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "We are confident that with the launch of our SMS platform, we can fulfill our clients' rapidly-changing video streaming needs, and we are very well positioned to embrace this opportunity with our cloud-based CDN streaming delivery platform."

BEIJING, April 1, 2015 (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, today announced that the Company will provide its Enterprise Solutions to support Taikang Life Insurance Co. Ltd's ("Taikang") local and international expansion.

To address the content delivery needs of Taikang's rapidly-growing global customer base, ChinaCache will provide tailored CDN solutions with advanced caching technology to redirect static page content from Taikang's source servers to CDN edge servers. This technology will protect Taikang's websites from hacks, significantly reduce the risk of downtime and the impact of distributed DDOS attacks, while ensuring a high-quality end user experience.

"ChinaCache has established a leading position in the banking and financial enterprise sectors with partners like the Industrial and Commercial Bank of China Limited (ICBC), China Construction Bank (CCB) and CreditEast, and we are pleased to add another world-class organization to this list," said Mr. Wang Song, founder, chairman and CEO of ChinaCache. "Through our proven enterprise CDN solutions, we will effectively support Taikang's rapid business expansion and guarantee the speed, efficiency and security of its websites and private client information."

Fourth Quarter 2014 Financial Results

• Net revenues in the fourth quarter were RMB338.9 million (US$54.6 million) as compared with RMB339.4 million in the fourth quarter of 2013.
• Adjusted net income per diluted ADS (non-GAAP) was RMB0.59 (US$0.09) in the fourth quarter of 2014 as compared to an adjusted net loss per ADS of RMB0.31 in the fourth quarter of 2013.

  "Our record revenue in 2014 reflects the strong capability, flexibility and reliability of our network and content delivery technology in meeting the expanding demands of our diversified customers. We have a leading position in high growth sectors such as video and mobile, as well as the capabilities in providing customized services to large e-commerce enterprises and online media companies," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache.

  "Our fourth quarter revenue was impacted by our decision to accelerate customer migration onto our next-generation High Performance Cloud Cache ("HPCC") platform, which resulted in less available bandwidth and service capacity. However, as we are on track in completing the migration in the first quarter of 2015, we can now offer enhanced services and a more efficient network to all our customers, which will strengthen our long-term competitive position and our ability to address a rapidly growing market. Going forward, with our industry-leading infrastructure, customers will experience faster, more reliable service, and we will benefit from higher bandwidth reuse, and greater capacity through a more balanced network system," concluded Mr. Wang.

First Quarter and Full Year 2015 Revenue Guidance

For the first quarter of 2015, ChinaCache expects its total net revenues to be between RMB340.0 million and RMB350.0 million, representing an increase of 5.0% to 8.0% over the first quarter of 2014.

For 2015, ChinaCache expects that its full-year total net revenues will grow by 25% to 30% over 2014.

BEIJING, March 17, 2015 (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, today announced that it has entered into an agreement with CreditEase, a Chinese national wealth management pioneer, to provide comprehensive enterprise content delivery solutions.

Under the agreement, ChinaCache has offered Enterprise Basic Page Acceleration (EBPA) service to help CreditEase improve its website acceleration, stability and security. While enhancing its user experience, ChinaCache has reduced CreditEase's bandwidth cost and labor cost for service maintenance through a fully automatic operational support system and a proprietary traffic scheduling management system.

Given the nature of CreditEase's website for microfinance combining static and dynamic data interaction, ChinaCache has also provided its Enterprise Intelligent Page Acceleration (EIPA) service, which uses a static and dynamic content separation technology to facilitate website acceleration. EIPA overcomes the challenges of caching static and dynamic content by caching the static part locally, while delivering dynamic content to the source server via a dedicated line. As a result, EIPA eases source server load, secures dynamic data transmission and elevates user experience significantly with speedy content delivery.

In addition, ChinaCache has implemented Extended Internet Access (EIA) to provide CreditEase's global partners and international staff with a fast, efficient and high-quality Internet access to internal business applications, emails, OA and ERP systems.

"With ChinaCache's unparalleled support, Yirendai.com, CreditEase's Internet finance platform, has achieved over three million active registered users and an accumulative loan transaction amount exceeding RMB 3 billion as of January 2015," said Mr. Wang Song, founder, chairman and CEO of ChinaCache. "Yidingying, the intelligent investment and financing app of Yirendai.com, has also benefited from our advanced technologies to achieve a single-month transaction of over RMB 100 million after only five months of its launch."

"ChinaCache has abundant experience working with national financial institutions, including ICBC and other enterprise customers. Our leading enterprise solutions are customized to fit our customers' business models and needs, while ensuring the predictability of a high-performance enterprise network, enhancing its productivity, and reducing operational cost through advanced WAN optimization services. With ChinaCache's 24/7 professional CDN expertise, enterprise employees can access applications, cloud and all other services site-to-site with ultimate convenience."

BEIJING, Feb. 4, 2015 (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, today officially announced the launch of the Company's next generation cloud-based CDN platform, High Performance Cloud Cache ("HPCC"). HPCC offers customers enhanced stability and utilization through a unified distribution platform that dispatches available bandwidth across all customer verticals. The result is better traffic load balance, higher bandwidth reuse rates, lower maintenance costs, and greater efficiency through automated dispatching that maximizes bandwidth utilization, accelerates bandwidth allocation, and minimizes the potential for human error as compared with traditional CDN architectures.  

"By 2018, 55% of all global Internet traffic will cross content delivery networks like ours, up from 36% in 2013, due in large part to the surging popularity of online video," said Mr. Wang Song, founder, chairman and CEO of ChinaCache. "By upgrading our CDN to a more efficient cloud-based platform, we are well positioned to address this significant market opportunity. ChinaCache is well known for our innovative solutions that empower our customers in making their web experiences fast and reliable. With the implementation of HPCC, we continue to extend the value proposition to our customers via a new set of infrastructure capabilities in improving the overall user experiences."

ChinaCache estimates that HPCC will allow approximately 30% reduction in capital expenditures as compared with the Company's traditional CDN platform. Additionally, ChinaCache customers migrating to HPCC will be offered additional value-added services in the areas of security, storage and analytics. HPCC platform migrations are expected to be fully complete by the second quarter of 2015.

BEIJING, Jan. 8, 2015 (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, today announced that it successfully introduced the industry's first of its kind mobile Internet intelligence aware solution named MPlus. MPlus extends more advantages to mobile e-commerce, mobile games, mobile social and other mobile Internet companies that generate heavy data traffic, allowing them to achieve transmission speeds that are 60% higher-than-average. By integrating with this customized one-stop free traffic data solution, MPlus will help clients lower their operating costs while significantly enhancing the end-user experience with zero-traffic consumed. This will enhance mobile Internet enterprises' competitive advantages in an increasingly competitive market.

MPlus is a network-aware, terminal-aware and application-aware intelligence solution. MPlus realizes intelligent acceleration through the implementation of file merge, deferred loading and HTML intelligent analysis. It also relies on ChinaCache backbone's advantageous resources, including its 1,000 servers in China's 31 provinces, and exclusive 500G bandwidth, to effectively provide stable professional services for the mobile Internet business.

ChinaCache's Founder, Chairman and CEO Mr. Song Wang, commented, "Total Internet users in China reached 632 million in the first half of 2014, including 527 million mobile Internet users. This provides a huge market for mobile Internet companies including ChinaCache. Facing fierce competition in the mobile Internet industry, the MPlus intelligence solution can not only help mobile Internet companies save costs and improve their competitive advantages, but also create a new driving force for the development of the whole industry. We believe there will emerge a significant amount of super APPs with the support of MPlus in the near future. Similar to ChinaCache's other services, MPlus will continue to provide stable and reliable commercial service to the Internet industry."

BEIJING, Jan. 5, 2015 (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, today announced that it has entered into an agreement with Beijing Federation of Supply and Marketing Cooperatives ("BFSMC") on a customized Cloud Data Center relating to ChinaCache Atecsys International Data Center ("Atecsys"). ChinaCache will also provide operation and maintenance service under the agreement.

When completed, Atecsys is expected to be the largest (One Campus) International T3+ cloud infrastructure in Beijing, with total number of racks over 7,500. Atecsys will be strategically located in the city's largest custom bonded zone, Shunyi Tianzhu.

"BFSMC is our second customer of Atecsys, after People.cn. The signing of this agreement demonstrates ChinaCache's leading position in the industry and the capability of partnering with sizable enterprise," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache.

BFSMC was founded in 1949 by All-China Federation of Supply and Marketing Cooperative (China CO-OP) and Beijing Municipality Government. With proactive innovation, BFSMC has achieved significant progress and developed the business in financing service and commercial real estate.

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.

BEIJING, Dec. 4, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced the completion of the core structure of its Atecsys Cloud Data Center ("ChinaCache Atecsys Cloud Data Center"), the largest International T3+ Data Center in Beijing based on the total number of racks, and strategically located in the city's largest duty free zone, Shunyi Tianzhu Comprehensive Bonded Area. ChinaCache Atecsys Cloud Data Center is comprised of ten buildings - nine data centers and an administration center - totaling 80,000 square meters.

The first phase of construction is currently expected to be completed by June 2015 for the first customer, people.com.cn. ChinaCache expects to begin full utilization of the data center by September 2015. The project was designed and constructed according to National Level A Computer-room Standards and the United States' ANSI TIA - 942 - Tier 3 + / 4 Standards, as well as in accordance with MIIT's Green Data Center Standards.

ChinaCache Atecsys Cloud Data Center marks another significant milestone for ChinaCache, as it expands the Company's cloud services solution beyond its best-in-class cloud-based CDN platform. The Company's goal is to provide a comprehensive one-stop cloud services solution open to all Internet companies and enterprises that require cloud services.

ChinaCache Atecsys Cloud Data Center connects to the mainstream operator's backbone network with low latency, while accessing high-quality international bandwidth resources such as the Trans-Asia-Europe Line, to achieve long distance rapid transmission. The Company believes that this advancement in cloud services infrastructure greatly adds to its experience and expertise in providing reliable, safe and highly efficient cloud services. The ultimate goal is to provide ChinaCache clients with more flexibility to expand their businesses with improved resource utilization and simplified project management.

These strategic initiatives are key to ChinaCache's effort to become a leading, independent provider of carrier-neutral and internet-neutral cloud services in China.

BEIJING, Nov. 24, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it has formed a strategic partnership with Aspera to provide best-performance high-speed data transmission services for large files. Aspera, an IBM company, developed the technologies that move the world's data at maximum speeds.

ChinaCache will combine its high quality CDN network service with Aspera's FASP(TM) transmission technology to ensure high-speed transmission of large data files around the globe, with the added benefits of safety, controllability, cost-effectiveness and flexibility. The combination can increase the data transmission speed by 3 to 184 times, while enhancing the connectivity and stability of networks, as well as the security of data transmission. When sending large files, this high-speed file transmission service delivers peak performance even with poor network dynamics. The ChinaCache -- Aspera solution addresses the long-distance transmission needs of television networks, research institutions, government agencies, financial institutions and top 500 enterprises.

"The unprecedented growth of file sharing demands in the age of big data brings higher requirements and challenges to network transmission ability. Partnering with Aspera, ChinaCache will provide clients with a world-class high-speed file transmission service and guarantee an optimal end-user experience through the premier FASP transmission technology," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache.

• Net revenues in the third quarter were RMB375.3 million (US$61.1 million), within the prior guidance range, and representing a 36.3% increase year-over-year.
• (Loss)/earnings per ADS Basic and Diluted was $0.02 vs. last years same quarterly loss of $(1.00).

"In the third quarter we sustained the excellent momentum established in the first half of 2014," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "Our growth was again led by strong demand for our advanced mobile technology and the continued adoption of CDN by leading enterprises. I'm pleased with our ability to achieve rapid growth while maintaining efficient operations and, most importantly, providing superb service and innovative solutions to our customers. During the quarter we continued to upgrade the speed and capacity of our global network by rebuilding our service nodes. We also enhanced our ability to analyze network content and performance, and we are leveraging this capability to develop value-added services for large customers. ChinaCache is at the forefront of content delivery technology and services, and we are positioned to efficiently handle the rapid growth in China's Internet traffic and deliver the finest performance for content providers and end-users."

Fourth Quarter of 2014 Outlook

ChinaCache currently expects to generate total net revenues in the range of RMB365.0 million (US$59.5 million) to RMB370.0 million (US$60.3 million) for the fourth quarter of 2014, representing a decrease of 1.4% to 2.7% from the third quarter of 2014, and an increase of 7.6% to 9.0% from the fourth quarter of 2013. This forecast reflects ChinaCache's current view, which is subject to change.

Second Quarter 2014 Financial Results

• Net revenues in the second quarter were RMB346.3 million (US$55.8 million), exceeding the high end of the prior guidance range by approximately 0.4%, and representing a 34.4% increase year-over-year.
• Earnings per ADS Diiuted was RMB0.26 vs. last years same quarter of of RMB0.48

"Our strong performance in the second quarter reflects our success in driving adoption of content delivery technology by enterprises, the development of our mobile Internet technologies, and our continuing efforts to achieve operational efficiencies," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "During the quarter we also made meaningful progress on two important strategic initiatives - the partnership with China Telecom, and the construction of the cloud data center with People.cn - and strengthened our management capabilities to help expand our business with carriers, content providers and enterprises worldwide. We hosted the Global CDN Conference in June, where leading companies in the technology and telecommunications industries stressed the importance of CDN in fulfilling the promise of the Internet for all aspects of e-commerce, entertainment, media and user experience. We have a very positive outlook for the second half of 2014. With our global network, broad range of customer solutions, and strong relationships with industry leaders, I believe ChinaCache is well positioned for sustained growth and profitability over the long term.

Third Quarter of 2014 Outlook

ChinaCache currently expects to generate total net revenues in the range of RMB375.0 million (US$60.4 million) to RMB380.0 million (US$61.3 million) for the third quarter of 2014, representing an increase of 8.3% to 9.7% from the second quarter of 2014, and an increase of 36.2% to 38.0% from the third quarter of 2013. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, Aug. 19, 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, today named Jing An as Chief Financial Officer ("CFO"), effective immediately. Ms. An joined ChinaCache as acting CFO and Vice President of Finance in March of 2013.

"Jing has been a valuable member of the ChinaCache management team since joining the Company in early 2013, and we are pleased to appoint her as CFO," said Mr. Song Wang, Chairman and Chief Executive Officer of ChinaCache. "During a high growth period for ChinaCache, Jing has demonstrated strong operational leadership and provided strategic guidance on our most important development initiatives. We are very confident in her ability to help manage and direct our future growth."

Ms. An commented, "ChinaCache is one of China's most dynamic and forward-thinking Internet technology companies.  I'm excited to be part of a management team that is not only building a successful company, but is helping expand and improve China's Internet network, as well."

Ms. An has held senior corporate finance and management positions in technology and startup companies for more than 10 years, including Rekoo Media Ltd. from 2010 to 2012, Cooloft Technology Ltd. from 2007 to 2009, and eFriendsNet Entertainment Ltd. from 2003 to 2006. Before that Ms. An worked at PricewaterhouseCoopers in Beijing as an senior auditor. Ms. An holds a master of science degree in management from the Stanford Graduate School of Business and a bachelor's degree in economics with a major in accounting from the Renmin University of China

GUANGZHOU, China, Aug. 19, 2014 (GLOBE NEWSWIRE) -- CNinsure Inc. (Nasdaq:CISG) (the "Company" or "CNinsure"), a leading independent insurance intermediary company operating in China, today announced that the United States District Court for the Southern District of New York (the "Court") has granted final approval of the agreement to settle a consolidated class action lawsuit against the Company and entered final judgment dismissing the case on August 15, 2014.

The approved settlement resolves all the claims asserted on behalf of purchasers of its American depository shares between March 2, 2010 and November 21, 2011 in exchange for a payment of $6.625 million by the Company, which will be covered by insurance proceeds.

The settlement agreement contains no admission of liability, fault or wrongdoing by the Company. The Company denies any and all of the allegations made against it by the class in the litigation and has agreed to settle this matter solely to eliminate the uncertainties, risks, costs and burdens of further protracted proceedings.

"We are pleased to have this matter resolved and behind us, so that we can now focus on executing our strategies for delivering strong financial results and creating value for our shareholders over the long run," said Mr. Chunlin Wang, CNinsure's chief executive officer.

BEIJING, July 17, 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, today announced that the Company has received the Credible Cloud Services Certificate from Data Center Alliance, a non-profit organization founded by over 60 leading technology enterprises in the cloud computing, data center, content delivery, and big data services industry and supervised by the Academy of Telecommunication Research of the Chinese Ministry of Industry and Information Technology ("MIIT").

ChinaCache was one of the ten companies that first passed the Credible Cloud Services certification in January 2014 and was awarded the certificate during the Credible Cloud Service Conference held on July 15th -16th in Beijing. ChinaCache's cloud service and elastic block storage (EBS) service satisfied all the 13 stringent accreditation criteria required by the MIIT such as durability, mobility, privacy protection, resource allocation and failure recovery.

Mr. Song Wang, Chairman and CEO of ChinaCache, commented: "We are very pleased being awarded the Credible Cloud Service Certificate. As the cloud computing industry continues to boom and with the increasing awareness at the government and industry level, ChinaCache is continuously developing the latest technologies and capitalizes on its strength on content-aware delivery services. We believe that ChinaCache is very well positioned as evidenced by this certification to continue to deliver high quality cloud services to its customers."

First Quarter 2014 Financial Results

• Net revenues in the first quarter were RMB323.9 million (US$52.1 million), exceeded prior guidance by approximately 5.2%, and representing a 40.4% increase year-over-year.
• (Loss)/earnings per ADS* diluted was RMB0.25 vs. last years same quarterly loss of RMB(0.37)

"I am very pleased to report another very successful quarter. With the continued growth of our business, simplified organization structure and improved efficiency, we had a very good start to 2014. We achieved financial and operating breakeven in the first quarter, due to the hard work and dedication of our employees and management team," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "During the first quarter, we announced a strategic partnership with China Telecom to build and manage a content delivery network. We also announced in April that we have signed a framework agreement with People.cn relating to the development of the cloud infrastructure to meet their rapidly growing cloud computing and storage needs. With these two agreements, we have aligned with industry leaders and have created partnerships that are very beneficial for each party. We believe there are many promising opportunities in this fast-growing industry, and we are very excited for our prospects in 2014. We continue to make significant progresses in all of our business segments, including Enterprise and mobile Internet technology. We remain focused on delivering strong financial results while also investing in opportunities that will lead to sustainable growth in the long-term."

Outlook for the Company's Second Quarter of 2014

ChinaCache currently expects to generate total net revenues in the range of RMB340.0 million (US$54.7 million) to RMB345.0 million (US$55.5 million) for the second quarter of 2014, representing an increase of 5.0% to 6.5% from the first quarter of 2014, and an increase of 31.9% to 33.9% from the second quarter of 2013. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, April 11, 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, today announced that it has signed a framework agreement ("agreement") with People.cn (Shanghai:603000), a large-scale information interaction platform constructed by People's Daily, relating to ChinaCache Atecsys International Data Center ("Atecsys"), to address the cloud computing and cloud storage needs of People.cn's growing user base.

Atecsys is a cloud infrastructure strategically located in Beijing's tax free, custom bonded zone. The investment in Atecsys will enable People.cn to reduce long term spending on cloud infrastructure and to leverage ChinaCache's expertise on total network solutions to assist them in the long run.

"We believe our innovative business model can bring tremendous value to large enterprises looking to develop proprietary data centers to meet the rapidly growing demand for cloud computing in China," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We are leveraging our strategically located land resources and expertise in managed internet data services to meet customer demand in cloud computing, while also generating new business opportunities for our company. We are very excited about this agreement with one of our long term customers, People.cn, and look forward to gaining further attention from other sizeable enterprises looking to cooperate on cloud infrastructure."

"With the rapid growth in Internet availability and mobile Internet usage in China, People.cn has seen a surge in active users, Internet traffic and demand for data storage," said Liao Hong, President of People.cn Co Ltd. "Cloud computing, cloud storage and cloud technology have become increasingly necessary for us to keep pace with this growing demand. We believe our cooperation with ChinaCache for cloud infrastructure will effectively provide us with the security and flexibility necessary to scale up our business."

People.cn, founded on January 1, 1997, is a large-scale information interaction platform constructed by People's Daily. People.cn is principally engaged in the operation of Internet news information platform for global Internet users, through articles, images, cartoons, audios and videos, forums, blogs, micro blogs, podcasts, mobiles, really simple syndication (RSS), online live and other ways.

BEIJING, March 25, 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, today announced that it has entered into a strategic partnership with China Telecom, the world's largest broadband provider, to jointly operate its content delivery network (CDN) and to optimize China Telecom's network efficiency nationwide.

ChinaCache and China Telecom will jointly build out and manage a CDN platform that combines China Telecom's extensive network resources and ChinaCache's vast experience developing CDN technologies and services. Through this partnership, China Telecom will share their network resources while ChinaCache will help to provide CDN platform technologies, technical support and customer services. ChinaCache will gain access to China Telecom's superior performing broadband network and can leverage their strong enterprise sales team to jointly promote the CDN network. These efforts support ChinaCache's goal of increasing CDN penetration across the country, particularly among the Internet enterprises, traditional enterprises, and Government and media customer segments.

"Telecom carriers are now facing a rapid shift in demand from voice transmission to data transmission and they would need an effective partner to help them transition through this paradigm shift. We are honored to be China Telecom's strategic CDN partner where we can showcase our technological strength and service capabilities," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "The demand for high quality content and a better user experience is increasing among China's rapidly growing Internet community. Our strategic focus on partnerships with leading telecom carriers support our ability to service this need and further expand our business. This partnership, in particular, will enable us to further differentiate our Company by demonstrating our commitment to best-in-class CDN platforms and optimization by utilizing high-quality network resources to bring more value to our customers."

The partnership between ChinaCache and China Telecom is designed to pave the way for future collaboration between the two companies for a series of value-added services, including big data, mobile internet and cloud computing. This agreement is consistent with the "Broadband China" initiated by the Ministry of Industry and Information Technology to help enhance the efficiency and performance of China's core broadband network.

BEIJING, March 24, 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, today announced that the Company has been added to the NASDAQ Golden Dragon China Index(R) (Nasdaq:HXC) beginning at the start of trading on Monday, March 24, 2014.

The Index, which is rebalanced quarterly, is designed to provide insight and access to the unique economic opportunities taking place in China while still providing the transparency offered with U.S. listed securities. The NASDAQ Golden Dragon China Index includes companies that conduct the majority of their business within the People's Republic of China, are listed on the Nasdaq Stock Market, the New York Stock Exchange or NYSEArca and have a market capitalization greater than $100 million.

"We are very pleased to have our stock added to the NASDAQ Golden Dragon China Index, which we believe will help further enhance our visibility among investors and contribute to our efforts to increase shareholder value," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We remain committed to further growing our business and expect to capitalize on promising opportunities in China's rapidly growing CDN market in 2014."

BEIJING, March 19, 2014 (GLOBE NEWSWIRE) -- Nokia Solutions and Networks and ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH) today announced that they have signed a Memorandum of Understanding (MoU) to incorporate ChinaCache's innovative content delivery network (CDN) technology into NSN's Liquid Applications solution. The collaboration is designed to enable content to be delivered directly from the LTE base station, which translates into faster data throughput and a whole new level of personalization for superior customer experience. ChinaCache is the leading total solutions provider of Internet content and application delivery services in China.

The intent of the collaboration is to further enhance Liquid Applications and expand ChinaCache's competencies in mobile Internet content delivery. Liquid Applications will enable innovative features for ChinaCache's current technology, such as improved location capabilities, awareness of user behavior, and real-time adaptation to network conditions.

"Liquid Applications is a disruptive innovation designed to enable mobile operators to truly differentiate the mobile broadband experience for their subscribers through accelerated content delivery and exciting new applications and services," said Markus Borchert, president of Greater China region at NSN. "Cooperating with ChinaCache on the next generation of mobile CDN technology will open up the opportunity for unprecedented subscriber experience while allowing mobile operators to introduce new business models."

Liquid Applications enables content providers to place their content at the very edge of the mobile operator's TD-LTE and FDD-LTE radio network, inside the base station. This saves bandwidth consumption in the backbone network, reduces content loading times, and results in significantly lower latency. On top of that, operators will be able to create innovative services for mobile subscribers and offer highly personalized content.

"We are very excited to work with NSN to develop next-generation mobile CDN technology," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "In China, the deployment of 4G networks is extremely aggressive. With next-generation mobile CDN technologies enabled by Liquid Applications, ChinaCache will be in a position to become a partner of choice for telecom operators, allowing them to deliver content from the base station to improve transmission efficiency and save costs in backbone network upgrades."

Liquid Applications recently won a Global TD-LTE Initiative (GTI) Award in the "Innovative Solutions" category at Mobile World Congress 2014. The award is further recognition of NSN's continuous drive for superior mobile broadband experience and commitment to both the TDD and FDD variants of 4G.

Fourth Quarter 2013 Financial Results

• Net revenues in the fourth quarter jumped to RMB339.4 million (US$56.1 million), and exceeded the top end of ChinaCache's guidance by 14%. This represents a 23.2% increase from the previous quarter and a 50.8% increase year-over-year.
• Adjusted net loss (non-GAAP) was RMB5.0 million (US$0.8 million) in the fourth quarter, compared to adjusted net loss of RMB16.0 million in the third quarter and an adjusted net loss of RMB19.9 million in the corresponding period in 2012.

"2013 was a year of dynamic growth for our Company. We made critical advancements across our operations and reached record revenue for both the year and the fourth quarter," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "During the year, we continued to ramp up our business and made key investments in our ERP and CRM systems, operations platforms, talent and mobile internet. This strategy has enabled us to markedly improve customer engagement and mobile Internet technology development, as well as our international market expansion capabilities and operating efficiency to drive our near- and longer-term success.

China's thriving Internet industry continues to support our growth. Today, we are serving more than 330 million desktop and mobile Internet users, and supporting more than 2.6 billion webpage displays daily through our network. In 2013, we celebrated our 15th anniversary as the leader in China's CDN industry and we are working to expand our global footprint. Along with international expansion ambition, an important part of our growth strategy has been to amass enterprise customers, and we have made a great deal of progress in the past year," Mr. Wang continued. "Our goal is to extend faster and steadier Internet capabilities across China through the build out of next generation mobile network 4G and cloud computing infrastructure. Our mobile initiatives are well underway. Meanwhile, we are committed to improving our internal cloud adoption and external cloud offerings to support the market's evolving needs. With the implementation of our own private cloud planned for later this year, we expect to notably lower our operating costs and increase productivity. We believe there remains a great deal of opportunity for us to expand, riding on the explosive internet traffic growth. In order to service the growing needs, we will continue to focus our resources on developing technologies that enhance mobile internet, video and OTT video, and e-commerce experiences. Cloud adoption is also vigorously driving CDN traffic. And at the same time, we are deepening our cooperation with carriers. These will be our focus areas in 2014 as we continue to meet our growth objectives, while working toward achieving sustainable profitability."

Outlook for the Company's First Quarter of 2014

ChinaCache currently expects to generate total net revenues ranging from RMB303.0 million (US$50.1 million) to RMB308.0 million (US$50.9 million) for the first quarter of 2014, representing 31.3% to 33.5% increase year-over-year. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

BEIJING, March 3, 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, today announced that it has signed a definitive securities purchase agreement with certain Institutional Investors (the "Institutional Investors") affiliated with one of the world's leading institutional investment management firms.

Pursuant to this agreement, the Institutional Investors will make an aggregate investment of US$55 million in ChinaCache by subscribing for 53,855,569 newly issued ordinary shares of the Company, which are represented by 3,365,973 American Depositary Shares of the Company ("ADSs"). The purchase price is US$16.34 per ADS, or US$1.02125 per ordinary share. The transaction is expected to close in March 2014, subject to satisfaction of customary closing conditions. The Company also agrees to give the Institutional Investors the preemptive rights to subscribe for the new shares that may be issued by the Company, in proportion to their shareholdings and certain registration rights.

Concurrently with the signing of the securities purchase agreement, the Company has signed definitive share repurchase agreements with certain existing shareholders, pursuant to which the Company agrees to repurchase a total number of 28,960,922 ordinary shares of the Company with the same price as the price Institutional Investors pay to subscribe the new shares. The Company will use the proceeds from the transaction for capital expenditures and to pay for the repurchased shares.

"We are pleased to have attracted top-tier institutional investors to strengthen our institutional ownership profile and augment our capital expenditure needs," said Ms. Jing An, Acting CFO. "One of our top priorities is to continue to attract long term institutional investors to our company as we execute on our plans to drive shareholder value. With this financing, certain early stage and existing investors can achieve liquidity, and enable additional quality investors to establish a presence in the ChinaCache name."

BEIJING, Jan. 16, 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, today announced that it has won the contract to provide CDN services to China Eastern Airlines on a global scale. China Eastern Airlines is one of the three largest airlines in the People's Republic of China.

In early 2013, ChinaCache became China Eastern Airlines' first CDN partner, initially providing services within China. Under the terms of this new contract, ChinaCache will deliver its CDN services globally, providing solutions to improve the speed, reliability and security of China Eastern Airlines' website for users worldwide.

"We are honored to expand this important relationship with China Eastern Airlines to help improve its customers' user experience universally," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We were awarded this contract following a highly competitive selection process, which we believe is a strong testament to the quality of our services and our technological capabilities. This agreement is meaningful to our company and allows us to further expand our presence in overseas markets."

BEIJING, Jan. 10, 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, today announced that the Company has won the "Credible Cloud Services" status granted by the Ministry of Industry and Information Technology ("MIIT") in January 2014. The "Credible Cloud Services" accreditation program was launched by the MIIT in October 2013 and is the first cloud services program of its kind to be implemented in China.

ChinaCache is one of ten companies that have received this "Credible Cloud Services" status. ChinaCache's two types of cloud services, namely ChinaCache's cloud server service and elastic block storage (EBS) service, passed all the 13 accreditation tests required by the MIIT. Both services met the MIIT's stringent criteria, such as standards for usability, movability, privacy, resource allocation and failure recovery capabilities. More noticeably, ChinaCache provides usability levels as high as 99.9% with downtime limited to less than 8.76 hours per year, which translates into more stability and convenience for ChinaCache's cloud service customers.

According to the statistics released by the China Academy of Telecommunication Research of MIIT, the global market size of cloud services reached USD131.7 billion in 2013, an increase of 18% year-over-year. The total market size is estimated to increase to USD244.2 billion by 2017. As cloud services continue to grow at a rapid pace, greater needs are placed on the government and leading cloud players to build up credible and reliable industry standards, whether it is for regulating purposes or strengthening market confidence in cloud services.

We believe, with the help of credible cloud service accreditation systems and the advancing capabilities of cloud providers, China's cloud services will achieve higher security and stability. ChinaCache, at the forefront of this industry, will continue to provide high-quality cloud services with optimal user experiences.

BEIJING, Jan. 2, 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, today announced that effective Thursday, January 2, 2014, ChinaCache's American depositary shares ("ADSs"), each representing 16 ordinary shares of the Company, will be transferred to and listed on the NASDAQ Global Select Market, NASDAQ's highest market tier. ChinaCache's ticker symbol will remain unchanged following its move from the NASDAQ Global Market.

Companies must meet more stringent financial and liquidity requirements to be included for trading on the NASDAQ Global Select Market.

"We are honored that NASDAQ has recognized our development and achievement over the years since we became a public company in 2010, which we believe clearly define the essence of ChinaCache by listing our ADSs alongside many of the world's most distinguished companies," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache.

BEIJING, Nov. 21, 2013 (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, today announced that it has been awarded a contract with S.F. Express Co., Ltd. ("S.F. Express"), one of China's leading delivery services providers.

Under terms of the agreement, ChinaCache will provide customized online content acceleration and content and application delivery solutions to improve the speed, reliability and security of SF Best (www.sfbest.cn), an online food retailing platform launched by S.F. Express. This contract marks ChinaCache's entry into the logistics industry.

ChinaCache's services will provide SF Best's website with scalability, as well as a stable on-line presence. It is believed that ChinaCache was awarded this exclusive contract for its leading service quality and strong track records among enterprise customers, which set it apart from the four companies competing for the contract in the selection process.

"We are honored to have been selected by S.F. Express to help them improve their Internet platform and user experience," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "This contract provides a remarkable start to our goal of penetrating the logistics industry, which has been one of our recent focus areas in our pursuit of enterprise customers. Our strong customer reference portfolio continues to play a key role in winning new business and expanding our exposure in existing and new target markets.We believe that we can add great value to customers such as S.F. Express with an opportunity to expand our service offerings as they further leverage their Intranet and Internet to improve their operating efficiency and build online platforms that better serve their customers."

SF Best was launched by S.F. Express in 2012 and offers a variety of global high-end quality food, including fresh produce, nutrition & health care supplies and other food supplies and perishable products.

Third Quarter 2013 Financial Results

• Total revenues in the third quarter of 2013 were $28.5 million, representing a 6.9% increase from $26.7 million in the second quarter of 2013, exceeding the Company's revenue guidance.
• Non-GAAP basic and diluted loss per ADS for the third quarter of 2013 were RMB0.70 (US$0.11) and RMB0.70 (US$0.11), respectively.

"We delivered a robust year-over-year revenue growth of 31.6% in the third quarter with gross margin improving to 31.8%. During the quarter, the Company recorded net revenue growth across each of its industry verticals, particularly in its Enterprise, and Internet and software verticals. Also, we are pleased to see continuous expansion of our Enterprise customer base which marks the highest increase among all of our customer segments. We believe our strong growth will continue in the fourth quarter and drive revenue to record highs," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache.

"China's Internet industry continues to be fueled by greater demand for higher quality Internet content and the urge of better connection speeds. Favorable government policies are also expected to drive growth in Internet traffic, which we expect will increase demand for our services. Additionally, we anticipate that growth in OTT and IPTV, as well as the continued expansion of 3G and the expected launch of 4G wireless technologies, will drive exponential increases in mobile traffic, creating a tremendous opportunity in the future for ChinaCache," added Mr. Wang. "In order to address these opportunities, we continue to make strategic investments in areas such as R&D, talents acquisition, product development and network resources to enhance our management system and operational capabilities. We've already implemented a CRM system and upgraded our ERP system, and will soon start the second phase of ERP upgrade. By implementing overall budget controls, human resources management and customer evaluations, we can increase our visibility and realize more effective and organized company operations. We see these initiatives important for us to maintain our competitive advantage and to benefit from not only China's rapidly developing Internet market, but also the overseas markets."

Outlook for the Company's Fourth Quarter of 2013

ChinaCache currently expects to generate total net revenues in the range of RMB293 million (US$47.9 million) to RMB298 million (US$48.7 million) for the fourth quarter of 2013, representing an increase of 30.2% to 32.4% year-over-year, and an increase of 6.4% to 8.2% from the third quarter of 2013. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, Nov. 7, 2013 (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, is pleased to announce that it had signed a contract with COSHIP Electronics Co., Ltd. ("COSHIP") (SZSE:002052), one of China's leading Set Top Box vendors, to provide COSHIP with its Web Delivery, Web Acceleration and HD Live solutions to help enhance the internet multimedia experience of COSHIP's end users.

COSHIP has expanded into a vertically-integrated conglomerate with a series of products and services that include TV-Internet operating systems, web TV box, mobile device, video content, apps and more. ChinaCache will support COSHIP's strategic initiatives by providing solutions that will improve the user experience, speed and reliability of COSHIP's interactive platform, including its website and file downloading service, as well as live and on-demand video streaming.

"The increasing demand for digital content has brought about significant change to the TV industry and has created tremendous growth opportunities for companies such as COSHIP. As COSHIP's business needs continue to evolve, our value-added services, such as security and data analytics, will provide a conduit to further expand the relationship between both companies," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We are proud that COSHIP has selected our solutions to support its strategic initiatives and to provide its end-users with an unparalleled interactive experience on all fronts. Having a company like COSHIP join our quality customer base is quite gratifying, and further supports our belief that ChinaCache is well-positioned to embrace the growth opportunities stemming from the television paradigm shift."

BEIJING, Oct. 10, 2013 (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, today announced that it has signed a contract with SmarTone Telecommunications Holdings Limited ("SmarTone") (HKSE:0315), a leading provider of 3G and 4G wireless communications services with operating subsidiaries in Hong Kong and Macau.

Under the agreement, ChinaCache will provide content and application delivery solutions including its Content Pull-in Services ("CPIS") to SmarTone to improve the accessibility of Mainland China-originated content for SmarTone's end users, reduce cross-border data transmission costs and enhance overall end-user experience.

By using CPIS, ChinaCache is able to pull Internet contents hosted in Mainland China and cache in its servers in Hong Kong for SmarTone's customers. This localization of content allows SmarTone's customers to enjoy seamless access to popular Mainland China content anytime and anywhere on their high-speed data network. CPIS is one of the network solutions developed by ChinaCache specifically for telecommunication carriers to improve their end-user experience. Since its launch, CPIS has been implemented by a variety of domestic and international carriers.

"SmarTone is known for its excellent service quality and we are proud to help them further improve user experience with our industry-leading solutions. We are excited about this international cooperation opportunities," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "The demand for Mainland China-originated Internet content is growing rapidly in Hong Kong and other parts of Asia. ChinaCache will continue to work with carriers throughout the region to allow their subscribers access to this content quickly and securely through the use of our cost-effective, easy to implement technology solution."

Second Quarter 2013 Financial Results

• Net revenues in the second quarter reached RMB257.7 million (US$42.0 million), exceeding previous expectation of RMB250 million to RMB255 million. This represents an 11.7% increase from the previous quarter and a 30.5% increase year-over-year.
• Gross profit in the second quarter was RMB80.6 million (US$13.1 million), an increase of 13.3% from the previous quarter and 29.9% year-over-year.
• Gross margin in the second quarter improved to 31.3%, compared to 30.9% in the first quarter of 2013. Adjusted gross margin (non-GAAP) in the second quarter was 35.6%.
• Net income was RMB11.0 million (US$1.8 million) in the second quarter of 2013, compared to a net loss of RMB8.5 million in the first quarter of 2013 and net income of RMB4.3 million in the corresponding period in 2012. Basic and diluted earnings per American depositary share ("ADS") for the second quarter of 2013 were RMB0.49 (US$0.08) and RMB0.48 (US$0.08), respectively. Each ADS represents 16 ordinary shares of the Company.

"We are pleased with the results we achieved in the second quarter, as we delivered strong sequential and year-over-year improvement across many of our key operating metrics, including revenue performance that exceeded our guidance. The growth this quarter was driven primarily by continued improvement in our enterprise vertical. Over the last several months we have greatly enhanced our offering through service and product enhancement and partnerships with industry leaders such as Microsoft and Kingsoft. We believe these strategic initiatives give us a comprehensive portfolio of value-added services that puts ChinaCache at the forefront of the emerging enterprise segment," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache.

"As attractive as the enterprise opportunity is for us, we are equally as excited by the prospects of mobile Internet, where exponential growth is being fueled by significant carrier investment in 3G and 4G infrastructure as well as the proliferation of smartphones in China. With a wide variety of solutions aimed at helping content owners and service providers maximize the efficiency of available network resources and optimize the end user experience, we believe we are poised to build upon our new generation of technology, Content-aware Network Services as we help to usher in a new era of connectivity not only in China, but throughout the world. I believe that ChinaCache has the right solution for the right market at the right time, and we look forward to capturing some of the sizeable growth potential that exists in our target markets," added Mr. Wang.

Outlook for the Company's Third Quarter of 2013

ChinaCache currently expects to generate total net revenues in the range of RMB272 million (US$44.3 million) to RMB277 million (US$45.1 million) for the third quarter of 2013, representing an increase of 30.0% to 32.4% year-over-year, and an increase of 5.5% to 7.5% from the second quarter of 2013. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, Aug. 13, 2013 (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 it has established a strategic partnership with Microsoft Corporation ("Microsoft") (Nasdaq:MSFT). The Company's self-service CDN platform, Webluker, will integrate its CDN and other services with Windows Azure China and provide these services to customers in China, and will migrate its hosting to Windows Azure in China in the meantime.

By building on the Windows Azure technology, ChinaCache will be able to scale Webluker as its user base grows. Webluker is sold under a "pay-as-you-go" model, enabling businesses to match the services to their needs and reduce IT investment.

"We are pleased to have ChinaCache as our strategic partner for Windows Azure China. The Company has provided Microsoft with valuable services for more than six years, and we are delighted to take our partnership to the next level with this agreement. The high-quality cloud services made possible by Windows Azure, coupled with ChinaCache's expertise in content and application delivery, will provide clients with unparalleled ability to drive user satisfaction and operational efficiency," said Dr. Ya-Qin Zhang, Corporate Vice President of Microsoft Corporation and Chairman of Microsoft Asia-Pacific R&D Group. "There is a strong and growing demand for secure, reliable and speedy cloud services in China, and we look forward to working more closely with ChinaCache to build Windows Azure into one of the biggest, best cloud computing platforms in the Chinese market."

"We are thrilled to partner with Microsoft as it brings Windows Azure into China. This is the first global company whose cloud technology is being offered to Chinese users, and we believe Windows Azure will be an ideal choice for enterprises in China through its combination of flexible access to data, speed and security," added Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "Cloud computing is meaningful only when it provides a quality end-user experience, which is guaranteed by best-in-class CDN and a comprehensive suite of value-added services. The partnership is in line with our goal of becoming an indispensable part of the cloud computing ecosystem, and we believe that the fast-growing cloud economy presents a number of exciting expansion opportunities for ChinaCache."

Windows Azure is available for purchase in 89 countries and 40 local currencies. Windows Azure offers customers a range of services including disaster recovery, data sovereignty and improved local performance through three major regions and eight sub-regions that are located around the globe.

BEIJING, Aug. 5, 2013 (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, is pleased to announce a strategic partnership with Kingsoft Cloud Group ("Kingsoft Cloud"), the cloud arm of China's leading software developer and Internet service provider Kingsoft Corporation Ltd., to provide customers with a comprehensive suite of cloud-based network services.

Under the partnership, ChinaCache and Kingsoft Cloud will provide services such as content delivery networks (CDN), cloud hosting and scalable online storage aimed at helping customers build their businesses more effectively through the cloud. The services offered through this collaboration will enable companies, especially small and medium-sized enterprises, to free up engineering resources and reduce the amount of money spent on infrastructure management so that they can focus on growing their business. The offering will allow businesses to allocate resources more efficiently, without sacrificing operational performance, reliability, or security.

"Our industry leading content delivery network and cloud hosting services, integrated with Kingsoft Cloud's storage solutions, can effectively serve enterprises and other customers in a scalable, reliable and cost-effective manner. We believe that our CDN technology is the ideal backbone to support Kingsoft Cloud's customers and will help optimize the end-user experience for their customers," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "The continued development of our total network solutions business is a key element of our long-term growth strategy as we work to become a value-added service provider for our customers by leveraging the strength of our internally-developed solutions and through partnerships such as this one. Moreover, this partnership is an important step forward in our effort to become an integral part of the cloud ecosystem, and will provide a significant reference point for other potential partners."

BEIJING, July 31, 2013 (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, and Altobridge Ltd. of Ireland ("Altobridge"), a leading provider of data optimization technology for wireless networks, today announced that they have entered into a strategic partnership aimed at delivering new, ground-breaking multi-layered technology solutions for mobile Internet content delivery. These solutions include the ability to cache content at the macro base station, small cells and on mobile handsets.

Access to rich media and cloud-based services is shifting from traditional personal computers connected to fixed lines, to new-generation mobile devices connected to mobile networks. For this transition to work effectively, content needs to be moved more logically across networks. The strategic partnership between ChinaCache and Altobridge will deliver a new approach to content distribution named mCaN�: mobile Content-aware Networks. mCaN� brings together the industry leading expertise and solutions of ChinaCache particularly in the area of CDN (Content Delivery Networks) and the expertise and solutions of Altobridge in the area of content caching across multiple layers of wireless networks. The underlying principles of mCaN� are:

1. Data, most notably rich media content and data relevant to particular end-users, is pushed to and is available close to end-users;

2. The caching of content is application-based. Each application has a logical position on each layer of the wireless network;

3. Data, transmitted across a link, is never transmitted more than once; 

4. Delivery of access to streaming video and TV-based content is optimized and as efficient as possible.

The result is a dramatic improvement in Quality of Experience (QoE) for end users, which will underwrite the successful transition to full mobility. There will also be a measurable reduction in transmission costs and a reduction in capital expenditure for mobile network operators. The companies have also agreed to cooperate commercially by introducing each other's broader portfolio of products, services and solutions to their partners and customers. 

The mCaN� mobile solution developed by ChinaCache and Altobridge entails a smart combination of ChinaCache's CPIS (Content Pull-in Service) aimed at optimizing mobile Internet content delivery and Altobridge's innovative DatE� (multi-layered data optimization on wireless networks) � bringing the most relevant content closer to the expected end-users and reducing operators' backhaul bandwidth requirements.

The new solution is in recognition of the accelerating trend of Internet content like video, e-commerce transactions, webpages, games and applications increasingly being delivered to smart mobile handsets, in both developed and developing markets, with mobile Internet usage worldwide doubling each year. Therefore, there is an increasing need to reduce transmission costs while continuously satisfying the rising Quality of Experience expectations of end-users.    

"We are tremendously pleased to work with Altobridge to deliver mCaN� and other exciting, best-in-class solutions to the mobile Internet industry," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We see the combination of ChinaCache's mobile Internet delivery solutions with Altobridge's technologies as unique in the marketplace, and are excited about the collaboration between our two companies, which results in a match that will propel us to the forefront of new-generation mobile Internet delivery."

Mike Fitzgerald, CEO of Altobridge commented, "ChinaCache and Altobridge have the vision that before long, 90% of global Internet traffic will be accessed via smart mobile devices, and our technology is uniquely positioned to enable carriers to keep up with ever growing demand for mobile Internet delivery at reasonable costs that is pleasing the end-users with fast and reliable mobile Internet experiences, anywhere in the world." He continued, "The effect of reducing backhaul congestion and improving QoE also opens new revenue opportunities for carriers. By moving content delivery networks (CDN) to the edge of the network, Altobridge's DatE� in combination with ChinaCache's CPIS solutions provides the means of delivering data faster and more efficiently to end-users' mobile devices in a way that, in our view, nobody else can."

A contract signing ceremony took place today at the headquarters of ChinaCache in Beijing. Dignitaries attending the ceremony included government officials from both Ireland and China.

BEIJING, June 26, 2013 (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, today announced that its Board of Directors has authorized the Company to resume its previously announced US$10 million share repurchase plan, pursuant to which the Company had purchased approximately US$1.5 million worth of its American Depositary Shares ("ADSs") representing the ordinary shares of ChinaCache prior to the expiration of the previous plan in May 2013.

Under the resumed plan, ChinaCache is authorized, but not obligated, to repurchase up to US$8.5 million worth of its ADSs over the next 12 months. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block trades or otherwise. The timing and extent of any purchases will depend upon market conditions, the trading price of its ADSs and other factors, and are subject to the restrictions relating to volume, price and timing under applicable law. ChinaCache expects to implement this share repurchase program in a manner consistent with market conditions and the interests of the Company's shareholders. ChinaCache's Board of Directors will review the share repurchase program from time to time, particularly when the Company has purchased US$2.0 million worth of its ADSs, and may authorize adjustment of its terms and size accordingly.

The repurchase of the Company's ADSs will be funded by the Company's available cash. As of March 31, 2013, the Company had cash and cash equivalents of approximately US$38.7 million.

First Quarter 2013 Financial Results

• Net revenues in the first quarter were RMB230.7 million (US$37.2 million), representing a 2.5% increase from the previous quarter and a 26.8% increase year-over-year.
• Gross profit in the first quarter was RMB71.2 million (US$11.5 million), an increase of 5.3% from the previous quarter and 26.6% year-over-year.
• Gross margin in the first quarter was 30.9%, compared to 30.1% in the fourth quarter of 2012 and 30.9% in the corresponding quarter in 2012. Adjusted gross margin (non-GAAP) in the first quarter was 35.5%.
• Net loss was RMB8.5 million (US$1.4 million) in the first quarter of 2013, compared to a net loss of RMB26.7 million in the fourth quarter of 2012 and a net profit of RMB2.5 million in the corresponding period in 2012. Basic and diluted loss per American depositary share ("ADS") for the first quarter of 2013 were RMB0.37 (US$0.06) and RMB0.37 (US$0.06), respectively. Each ADS represents 16 ordinary shares of the Company.

"We are pleased to report that net revenues in the first quarter exceeded the high end of our guidance, reaching RMB 231 million. Gross margin in the first quarter improved to 30.9%, up 80 basis points quarter-over-quarter. We delivered sequential improvements across many of our key operating metrics in the first quarter, which speaks to the effectiveness of our enhanced business development and efficiency optimization initiatives," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "Our company-wide efforts to grow ChinaCache's presence in the enterprise segment are continuing to generate results through increases in customer count and revenue contribution, as well as through the ongoing expansion of our footprint in the enterprise market. Over the longer-term, we believe that mobile Internet is going to become a major driver of demand for services such as ours, as the rapid increase in mobile data traffic is severely straining China's wireless networks. ChinaCache will seize these opportunities and further lead the Chinese market to transition from traditional CDN market to the new generation of CDN."

Outlook for the Company's Second Quarter of 2013

ChinaCache currently expects to generate total net revenues in the range of RMB250 million (US$40.3 million) to RMB255 million (US$41.1 million) for the second quarter of 2013, representing an increase of 8.3% to 10.5% from the first quarter of 2013, and an increase of 26.6% to 29.1% year-over-year. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, April 29, 2013 (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, today issued a letter to the Company's shareholders from Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. In the letter, Mr. Wang commented on ChinaCache's 2012 full year performance, key trends in its target markets and the Company's outlook for 2013.

Dear Shareholders,

2012 was a year of strategic repositioning and progress for ChinaCache. Thanks to our high-quality customer wins, our annual revenue grew more than 30% to a record RMB 813.7 million, our gross margin increased 120 basis points over 2011 to 31.2%, while our overall customer count grew more than 63% in 2012 to 1,265, compared with 775 at the end of 2011.

This focus on sustainable, high-quality customers and comprehensive, value-added solutions has helped change the way ChinaCache is perceived within the industry, both in China and abroad. We are building upon our leadership position in the CDN space and introducing new services to meet the needs of customers in multiple segments.

We entered 2013 well positioned for a year of growth and success as a result of favorable trends in China's Internet industry and our targeted end markets, as well as a series of strategic initiatives we undertook throughout last year that are having a lasting, positive effect on our business.

With that, I would like to share with you some of the highlights of 2012 and how they position ChinaCache for future growth.

In the third quarter of 2012, we initiated the strategic reorganization of our sales force. During this process, we took steps to re-align our sales team to better support our strategy of pursuing higher quality revenue opportunities. We now have four sales units, including teams focused on Internet companies, enterprises and telecom operators, and a fourth team that is targeting small to medium customers and government agencies. This structure enables us to deliver solutions and products designed specifically for the distinct needs of each vertical, and I am pleased with the progress we have made as well as the initial results of this transition.

As a result of these initiatives, we won business with a number of renowned companies including China Eastern Airlines, Air China, Hainan Airlines and Air France, financial institutions such as China Everbright Bank and China UnionPay, leading Android app store gfan.com and global brands such as Cartier and Hermes, just to name a few. I believe that these high-profile customer wins clearly demonstrate the strength and potential of our new industry-focused sales approach.

Looking at the industry in which ChinaCache operates, I believe that we are in the right market, with the right product at the right time. The majority of the world's population has some way of connecting to the Internet, whether it is through a desktop PC, mobile handset or other device. The online population is growing every day, and ChinaCache is poised to benefit from this rapid growth.

According to Gartner estimates, the number of smart phones will grow to 1.8 billion units globally by the end of 2013, surpassing the 1.7 billion PCs in use to make handsets the world's preeminent Internet devices. In China, according to iResearch, the number of mobile Internet users will reach 710 million around 2015, surpassing desktop Internet users. There is a tremendous need to improve the speed, reliability and safety of users' Internet connections both in China and internationally, and this need is creating a significant, unmet demand for solutions such as ours. 

I believe that we are leveraging our industry-leading technology and R&D capabilities to capture this large, growing market opportunity for both fixed line and mobile Internet applications. Since late 2011, we have been aggressively promoting our proprietary Content-aware Network Services, which we see as the next phase in the evolution of CDN technology. While legacy CDN technology was designed to support fixed-line networks with content consumed mainly on the desktop, we have built upon this core function to create a solution that is network-aware, device-aware and application-aware, and capable of optimizing content for any situation.

• Network-aware enables us to determine the type of network through which specific online content is traveling, whether it is a fixed line or mobile network, and even whether it is a 2G, 3G or 4G mobile network.
• Our device-aware capabilities allow us to identify each end-user's device and optimize data accordingly. We determine whether a user is accessing data on an iOS, Android or other device, and transmit the data in a way that maximizes user experience on that particular device, without straining the network.
• Our application-aware technology allows us to provide network services tailored to specific applications such as e-commerce or online video, which require different capabilities and resources than static content.

In short, we are able to provide the best end-to-end solutions for our customers and their end-users regardless of the network, the device or the application, and we believe this is the right approach to address the needs of China's rapidly developing Internet market. According to the China Internet Networks Information Center, the number of Internet users in China reached 538 million by the end of June 2012, increasing 11% in the first half of 2012, with Internet penetration growing to 39.9%.

Building upon our Content-aware Network Services, we have introduced enhanced services such as our CC Index platform, which identifies bottlenecks in Internet networks and provides real-time data as well as a comprehensive quarterly report on network status and Internet statistics throughout China. Our Intelligent Traffic Reduction, or ITR technology, helps optimize bandwidth utilization efficiency, and Cloud Extension Solutions leverages our cloud computing capabilities to improve end-user experience.

Our business is not only growing in China, but we are also expanding our international footprint. In 2012, we established a subsidiary in Hong Kong, which serves the Southeast Asia market alongside our U.S. office and led to strategic partnerships with Hutchison Global Communications, SmarTone, Telecom Malaysia and others. With our technology currently covering parts of Asia, North America, Western Europe, the Middle East and North Africa, we are positioning ourselves as an international player and serve as a gateway for companies who do business in China or for Chinese companies who expand overseas.

By focusing on execution, with an eye toward developing great technology and network services, we will continue to enhance Internet quality to benefit more Internet users. Thanks to our Content-Aware Network Services, which provide speedy, secure and intelligent mobile and fixed-line Internet solutions, we believe that we have tremendous opportunities ahead of us and we can create significant value for our shareholders and partners over the long term. 

In 2013, we are celebrating the Company's 15th anniversary. I always believe that our greatest asset is the people who work for us and I am truly proud of them. Going forward, we will continue to invest in the future and work to increase CDN penetration rates in China. We remain confident in our ability to maintain our leadership in technology, market share and influence in this industry, and we thank you for your continued support.

Sincerely,

Song Wang

Founder, Chairman and Chief Executive Officer

BEIJING, April 22, 2013 (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, today announced that it has established a strategic partnership with China Tietong Telecommunications Corporation ("China Tietong"), a wholly-owned subsidiary of China Mobile Communications Corporation and the third largest fixed-line Internet service provider in China.

Under the partnership, the two parties will join efforts to develop a content delivery network in China for China Tietong. ChinaCache will leverage its technical expertise and dedicate its resources including technical support, customer care, marketing and professional services support. In conjunction with these efforts, China Tietong will deploy servers and other necessary hardware to build the content delivery network infrastructure and operate the network with the support of ChinaCache. Together, the companies strive to maximize both Internet and mobile end user experience, while reducing network-related costs and improving network efficiencies.

"We are delighted to partner with China Tietong on this exciting initiative, which we believe is the first of its kind in the industry. Under this agreement, we will embed our leading CDN technologies into China Tietong's nationwide network to help improve end-user experience," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We are pleased to be able to contribute our substantial experience and industry-leading technologies and we look forward to potentially extending international expansion opportunities through this important partnership with China Tietong. We will continue to seek various types of strategic partnerships with carriers that benefit both parties, as well as millions of Internet users."

Fourth Quarter 2012 Financial Results

• Net revenues for the fourth quarter 2012 were RMB225.0 million (US$36.1 million), representing a 7.6% increase from the third quarter of 2012 and a 25.3% increase from the corresponding period in 2011.
• Net loss was RMB26.7 million (US$4.3 million) in the fourth quarter of 2012, compared to net income of RMB2.9 million in the third quarter of 2012 and a net income of RMB19.5 million in the corresponding period in 2011. Basic and diluted loss per American depositary share ("ADS') for the fourth quarter of 2012 was RMB1.17 (US$0.19) and RMB1.17 (US$0.19), respectively. Each ADS represents 16 ordinary shares of the Company.
• Adjusted net income (non-GAAP), defined as income from continuing operations before share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions and post-acquisition settlement consideration, was negative RMB19.9 million (US$3.2 million), compared to adjusted net income of RMB8.2 million in the third quarter of 2012 and an adjusted net income of negative RMB3.5 million in the corresponding period in 2011.
• Non-GAAP basic and diluted loss per ADS for the fourth quarter of 2012 amounted to RMB0.88 (US$0.14) and RMB0.88 (US$0.14), respectively.

"We continued to ramp our business throughout 2012. We achieved strong year-over-year growth in both revenue and gross profit, and grew our customer base more than 63%. Our bottom-line performance in the fourth quarter was impacted by accruals for bad debt provision of RMB17.1 million. We believe that by taking this charge in the fourth quarter, we will be able to help stabilize our business in the future by bringing our accounts receivables down to a more prudent level and reducing our exposure to bad debt risk," said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache. "In the second half of 2012, we began transitioning our customer acquisition strategy to more effectively target high-quality, long-term customers for whom we can be a value-added service provider. We have now re-aligned our sales efforts to concentrate on specific verticals, which we believe will support our growth and continued leadership in China's CDN and Internet services market."

"Looking ahead, we plan to leverage our technological leadership to expand our Content-aware Network Services. This unique offering combines our best-in-class CDN platform with cloud infrastructure, security, data analytics and other value-added services to create a comprehensive suite of services for our clients in the Internet, enterprise and e-commerce, telecom and mobile communications markets. We are confident that this technology-driven, industry-focused approach will best position ChinaCache for sustainable growth over the long-term, and are excited about the opportunities ahead of us."

Outlook for the Company's First Quarter of 2013

ChinaCache currently expects to generate total net revenues ranging from RMB225 million (US$36.1 million) to RMB230 million (US$36.9 million) for the first quarter of 2013, representing up to approximately 2.2% increase from the fourth quarter of 2012, and approximately a 23.6% to 26.4% increase year-over-year. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

Highlights for the Second Quarter of 2012

• Net revenues in the second quarter were RMB197.5 million (US$31.1 million), representing an 8.6% increase from the previous quarter and a 36.3% increase year-over-year.
• Gross profit in the second quarter was RMB62.1 million (US$9.8 million), up 10.3% from the previous quarter and 44.4% year-over-year.
• Gross margin in the second quarter was 31.4%, compared to 30.9% in the first quarter of 2012 and 29.7% in the corresponding quarter in 2011. Adjusted gross margin (non-GAAP) in the second quarter was 39.1%.
• Net income in the second quarter was RMB4.3 million (US$0.7 million), compared to RMB2.5 million in the first quarter of 2012, up 70.8% sequentially and compared to a net loss of RMB5.7 million in the corresponding period in 2011.
• Diluted Earnings per ADS for the 2nd quarter 2012 is ($0.23) vs. last years $0.11

"We are pleased that we delivered another strong quarter, which is a reflection of ChinaCache's clear strategy and solid execution," said Mr. Song Wang, co-founder, chairman and chief executive officer of ChinaCache. "Looking ahead, we will continue to benefit from the secular industry growth in China and the rest of Asia and embrace the vast opportunities particularly in the mobile Internet space. We remain focused on investing in innovations to build our Content-aware Network Services and deliver differentiated services to our diverse customer base."

"The second quarter was highlighted by our strong top line growth coupled with continued improvement in gross margin and net profit," said Ms. Jackie You Kazmerzak, chief financial officer of ChinaCache. "With improved operating efficiency, continuous introduction of new solutions and the penetration into brick-and-mortar customers, we aim to increase our profitability and enhance shareholder value."

Outlook for the Company's Third Quarter of 2012

ChinaCache currently expects to generate total net revenues in the range of RMB215 million (US$34.1 million) to RMB220 million (US$34.9 million) for the third quarter of 2012, representing an increase of 8.8% to 11.4% from the second quarter of 2012, and an increase of approximately 34.0% to 37.1% year-over-year. This forecast reflects ChinaCache's current view, which is subject to change.

BEIJING, June 5, 2012 (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 it has established a strategic partnership with Telecom Malaysia Berhad ("TM"), Malaysia's leading new generation communications provider and broadband champion, to provide China-originated internet content locally in Malaysia.

Under the partnership, ChinaCache will provide the technology to localize China-originated content in Malaysia, allowing content to be stored in and served via caches deployed in Malaysia before reaching end customers through TM's network. The partnership will thereby improve the accessibility of China-originated content for Malaysian internet users, enhancing their experience and reducing costs for carriers.

Historically, internet users in Southeast Asia received large amounts of content such as websites and videos from the North American region. This partnership between ChinaCache and TM will cater to and further encourage the increasing demand for China-originated content in Malaysia.

Commenting on the partnership, Rozaimy Abd Rahman, Executive Vice President, TM Global said, "TM is very pleased with this collaboration with ChinaCache, where Malaysians, especially TM's customers, will not only be able to enjoy excellent Chinese content but also enjoy enhanced surfing experience as the source of content is stored locally here, which will result in seamless network performance. This new collaborative effort will definitely help cement the value of Malaysia as an important content hub in this region, complementing Malaysia's existing sound internet infrastructure."

Joe Zhu, General Manager of ChinaCache's North American branch stated: "The strong social media presence in Malaysia has led to growing interest in Chinese content and ChinaCache is committed to the goal of making that content easily accessible internationally."

"We are very pleased to partner with one of Malaysia's leading telecoms providers and to enhance the internet experience of Malaysia's 17.5 million internet users. This partnership enhances ChinaCache's international footprint and is illustrative of ChinaCache's ambition to boost its presence across Asia in the coming years," commented Mr. Song Wang, founder, chairman and CEO of ChinaCache.

BEIJING, May 29, 2012 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading total solutions provider of internet content and application delivery services in China, announced today that its Board of Directors approved a share repurchase plan. Under the plan, ChinaCache is authorized to repurchase, through open market purchase or privately negotiated transactions, up to US$10 million worth of outstanding American Depositary Shares representing the ordinary shares of ChinaCache over the next 12 months, depending on market conditions, share price and other factors, subject to relevant rules and regulations under the U.S. securities laws.

The share repurchase plan will be funded by the Company's available cash balance. As of March 31, 2012, the Company had cash and cash equivalents of approximately US$59.7 million.

First Quarter 2012 Results

• Net revenues in the first quarter were RMB182.0 million (US$28.9 million), representing a 1.3% increase from the previous quarter and a 36.4% increase year-over-year.
• Gross profit in the first quarter was RMB56.3 million (US$8.9 million), up 5.7% from the previous quarter and 38.7% year-over-year. Gross margin in the first quarter was 30.9% while adjusted gross margin (non-GAAP) was 39.5%.
• Adjusted EBITDA (non-GAAP) in the first quarter was RMB26.7 million (US$4.2million), a 38.1% increase from the prior quarter and a 1.3% decrease year-over-year.
• Net income in the first quarter was RMB2.5 million (US$0.4 million), compared to RMB19.5 million in the fourth quarter of 2011 and RMB3.2 million in the corresponding period in 2011.
• Adjusted net income (non-GAAP) was an income of RMB8.6 million (US$1.4 million) in the first quarter, compared to an adjusted net loss of RMB3.5 million in the fourth quarter of 2011 and an adjusted net income of RMB10.9 million in the corresponding period in 2011.
• Non-GAAP basic and diluted earnings per ADS in the first quarter of 2012 wereRMB0.38 (US$0.06) and RMB0.37 (US$0.06), respectively vs (US$0.07) in first quarter of 2011

"ChinaCache has achieved a great start to the year with solid financial results," said Mr. Song Wang, co-founder, chairman and chief executive officer of ChinaCache. "Our customer count increased by 120 this quarter, setting a new record. We are very optimistic about the demand in the coming years. With the plethora of dynamic technologies fast emerging in the internet space, we will continue to enhance our Content-aware Network Services to accelerate the development of the internet industry in China."

"We are glad to see that our past investments in our core competencies have started to translate into improved profitability in this quarter," said Ms. Jackie You Kazmerzak, chief financial officer of ChinaCache. "During the quarter, we improved revenue mix, enhanced service differentiation and increased operating efficiencies, all of which contributed to the higher profitability. We are confident that with our continued efforts in building the Content-aware Network Services, we will further enhance shareholder value."

BEIJING, May 2, 2012 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading total solutions provider of internet content and application delivery services in China, today announced that it has established the Content Aware & Intelligent Services Lab ("CAIS" or the "Lab") jointly with Beijing University of Posts and Telecommunications ("BUPT"), one of China's most renowned universities in the field of telecommunications.

The Lab aims to leverage ChinaCache's rich experience in CDN technology and BUPT's strong research capabilities to provide total solutions to the next generation of internet networks. According to the MIIT, which is responsible for the regulation and development of China's internet among other things, the Chinese government's "Broadband China" strategy calls for improving China's internet bandwidth speed to 20 Mbps for urban households by the end of 2015. This government initiative, states Dr. Ken Zhang, ChinaCache's CTO, "will provide an opportunity for the Lab to address a national need while also providing a unique market opportunity."

ChinaCache and BUPT will collaborate to conduct research involving content awareness, intelligent services, and other key technologies to enable the next generation of networks, which is expected to use IPv6 protocols. According to Dr. Zhang, ChinaCache's Index will be a significant asset in developing content-aware technologies because the Lab will be able to use the rich and abundant internet data that pass through ChinaCache's network and are stored in the Index, "Ultimately, the Lab aims to develop solutions that will accelerate internet data delivery speeds while utilizing content-aware networks," commented Dr. Zhang. "We believe this research will lead to enhanced internet services and improved user experiences."

The first research project will focus on developing a client-based system of internet awareness and network acceleration to increase data delivery speeds over the internet. This technology can be applied in personal computers, mobile devices, IPTV, and other terminals.

"ChinaCache is excited to establish a partnership with such a prestigious university.  Its academic and research leadership, together with its commitment to excellence, will help ensure the future success of CAIS," commented Mr. Song Wang, the founder, chairman and CEO of ChinaCache. "The Lab's establishment comes at an opportune time and coincides with China's broadband initiative, which seeks to accomplish what ChinaCache does best: improve network speeds."

BEIJING, April 18, 2012 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading total solutions provider of internet content and application delivery services in China, announced today that it has successfully signed a contract with Unity Technologies ApS ("Unity"), a privately held and awarding-winning development platform for games, apps, and tools.

The agreement calls for ChinaCache to provide CDN services for Unity's software downloading in China, which will ensure a better user experience for Unity's community of users.

"We are very pleased to sign this contract with Unity, an outstanding development platform with a thriving community over one million registered developers that has seen remarkable growth in China and Asia," commented Mr. Song Wang, the founder, chairman and CEO of ChinaCache. "To accommodate the rapidly growing user demand for game sharing and downloading, ChinaCache will further work with Unity in the future to provide the best security services, cloud-based total solutions and other value-added services."

BEIJING, Dec. 22, 2011 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading provider of content delivery network services in China, today announced it has reached an agreement with the Shanxi branch of China Unicom ("Shanxi Unicom") and Shanxi Wentian Technology Co., Ltd ("Wentian Technology"), the first online game company in Shanxi province of China, to build Shanxi's largest cloud computing data center to enable facilities including disaster recovery centers, enterprise data centers and Internet data centers.

"We are delighted to form this comprehensive strategic cooperation with Shanxi Unicom and Wentian Technology," commented Mr. Song Wang, the founder, chairman and chief executive officer of ChinaCache. "We believe Shanxi Unicom's integrated communications network combined with Wentian Technology's strong capabilities in software development and ChinaCache's industry-leading position in China's CDN market will help promote the application of next-generation information technologies such as 3G, cloud computing, tri-networks integration and Internet of Things."

"We hope this project will help encourage the development of emerging Internet and e-commerce enterprises in Shanxi province, facilitating the industrial tr 6ansition of this fast-growing region," Mr. Wang continued.

BEIJING, Dec. 14, 2011 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading provider of content delivery network services in China, today announced it has reached an agreement to provide acceleration supporting services to the Shanghai branch of China Telecom Corporation Limited ("Shanghai Telecom").

Under the cooperation, ChinaCache will support Shanghai Telecom's deployment and usage of acceleration supporting servers in order to maximize end-user experience and ensure the carrier's download speeds remain among the fastest in China.

"This strategic cooperation demonstrates the value of our solutions to carriers. Such collaboration produces the best possible end-user experience and creates a win-win situation for both the carrier and us," said Mr. Song Wang, the founder, chairman and chief executive officer of ChinaCache. "As China's leading CDN provider, we are committed to working side-by-side with China's telecom carriers to improve the performance of China's Internet with our next-generation of Content-aware Network Services."

Third Quarter 2011 Results

• Net revenues for the third quarter 2011 were RMB162.9 million (US$25.5 million), representing a 9.7% increase from the second quarter of 2011 and a 49.3% increase from the corresponding period in 2010.
• Non-GAAP net income defined as net income before share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions and post-acquisition settlement consideration, was RMB11.3 million (US$1.8 million), compared to an adjusted net income of RMB10.6 million in the second quarter of 2011 and RMB14.8 million in the corresponding period in 2010. Non-GAAP basic and diluted earnings per ADS for the third quarter of 2011 were RMB0.47 (US$0.07) and RMB0.46 (US$0.07), respectively.

"We're pleased to report a quarter of profitable growth, as we continue to build out our network to achieve critical mass and capture the opportunities emerging from the fast development of China's Internet market in line with the Chinese government's 12^th Five-Year Plan," said Mr. Song Wang, co-founder, Chairman and Chief Executive Officer of ChinaCache.

"To realize our vision, we will maintain our commitment to being the technology leader as we continue to improve CDN penetration rates. In the third quarter, we brought on top-level talent both in China and in our new research center in Silicon Valley. These key hires will give us a powerful competitive advantage in building the next-generation of content-aware network services," Mr. Wang continued.

"We are pleased that ChinaCache posted strong results this quarter," said Ms. Jackie You Kazmerzak, Chief Financial Officer of ChinaCache. "We successfully maintained our gross margin within the highest band amongst our peer group. We remain optimistic about our long-term growth potential, and will continue to take a long-term view towards making strategic investments in talent, technology and network reach."

Outlook for the Company's Fourth Quarter of 2011

ChinaCache currently expects to generate total net revenues ranging from RMB175 million (US$27.4 million) to RMB180 million (US$28.2 million) for the fourth quarter of 2011, representing approximately a 41% to 45% year-over-year increase from the corresponding period of 2010, and approximately a 7% to 11% quarter-over-quarter increase from the previous quarter. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

Second Quarter 2011 Results

• Net revenues in the second quarter were RMB148.4 million (US$23.0 million), representing a 8.8% increase from the previous quarter, and 57.2% increase from the corresponding period in 2010.
• Operating profit in the second quarter was RMB0.9 million (US$0.1 million), compared to an operating income of RMB5.3 million in the first quarter of 2011 and loss of RMB1.2 million in the corresponding period in 2010.
• Adjusted EBITDA (Non-GAAP) was RMB31.1 million (US$4.8 million), a 5.7% increase from the previous quarter and 12.1% increase from the corresponding period in 2010.
• Net loss in the second quarter was RMB5.7 million (US$0.9 million), compared to net income of RMB 3.2 million in the first quarter and RMB10.7 million in the corresponding period in 2010.
• Adjusted net income (Non-GAAP) was RMB10.6 million (US$1.6 million) in the second quarter, compared to RMB 11.7 million in the first quarter and RMB25.2 million in the corresponding period in 2010. Non-GAAP EPS was $0.07 vs $0.04

"We are delighted to report another strong quarter with revenues up by 57.2% from the second quarter last year," said Mr. Song Wang, co-founder, Chairman and Chief Executive Officer of ChinaCache. "We continued to solidify ChinaCache's industry leading position, expanding market share and acquiring clients across each of our business verticals."

"While China's Internet industry is experiencing explosive traffic growth, the penetration rate of CDN services is still very low compared to mature markets," Mr. Wang continued. "As Chinese companies grow in size and sophistication, we expect to see increasing numbers of customers choosing to save resources and improve end-user service by leveraging outsourced CDN services. I am confident that with China's largest and most advanced content delivery network, ChinaCache is well positioned to be the long term industry leader."

Ms. Jackie You Kazmerzak, Chief Financial Officer of ChinaCache, said, "We were encouraged by the continuing strong top-line growth this quarter. Our ability to maintain strong ASPs this quarter in the face of competition demonstrates that customers acknowledge the value of partnering with the recognized leader in China's CDN industry. To further strengthen our core competencies in anticipation of strong industry growth, we plan to accelerate our planned investment in expanding our network reach, our talent pool and our technology repertoire."

Outlook for the Company's Third Quarter of 2011

ChinaCache currently expects to generate total net revenues in an amount ranging from RMB155 million (US$24 million) to RMB160 million (US$25 million) for the third quarter of 2011, representing a 42% to 47% year-over-year increase from the corresponding period of 2010, a 4.4% to 7.8% quarter-over-quarter increase from the previous quarter.  This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

We believe that our current cash and cash equivalents, anticipated cash flow from operations and the proceeds from our initial public offering will be sufficient to meet our anticipated cash needs, including our cash needs for working capital and capital expenditures for at least the next 12 months.

We may, however, require additional cash due to changing business conditions or other future developments, including any investments or acquisitions we may decide to pursue. If our existing cash is insufficient to meet our requirements, we may seek to sell additional equity securities, debt securities or borrow from banks.

First Quarter Results:

• Net revenues in the first quarter were RMB136.4 million (US$20.8 million), representing a 79.6% increase from the corresponding period in 2010
• Net income in the first quarter was RMB3.2 million (US$489,000), compared to a net loss of RMB34.9 million in the corresponding period in 2010
• Operating profit in the first quarter was RMB5.3 million (US$806,000), compared to an operating loss of RMB32.4 million in the corresponding period in 2010
• Adjusted net income (Non-GAAP) was RMB11.7 million (US$1.8 million), compared to RMB3.5 million in the corresponding period in 2010
• Adjusted EBITDA (Non-GAAP) was RMB29.5 million (US$4.5 million), a 43.7% increase from the corresponding period in 2010

"We are pleased to report the third consecutive quarter of record net revenues since our IPO last October," said Mr. Song Wang, co-founder, chairman and chief executive officer of ChinaCache. "We continued to see the benefit of our ongoing investment in network infrastructure as we expanded ChinaCache's market share in keyverticals such as media and entertainment, Internet mobile, and e-commerce and enterprises. ChinaCache remained profitable in the quarter on a GAAP basis, the second consecutive quarter since turning profitable in the fourth quarter of 2010."

• Basic and diluted earnings per ADS for the first quarter of 2011 amounted to RMB0.13 (US$0.02) and RMB0.13 (US$0.02)

ChinaCache currently expects to generate total net revenues in an amount ranging from RMB144.0 million (US$22.0 million) to RMB149.0 million (US$22.8 million) for the second quarter of 2011, representing a 52.5% to 57.8% year-over-year increase. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

Highlights for Fourth Quarter 2010

• Net revenues increased by 74.4% to RMB124.0 million (US$18.8 million) in the fourth quarter 2010 from the corresponding period in 2009
• Net income in the fourth quarter 2010 was RMB6.2 million (US$0.9 million), compared to a net loss of RMB13.9 million in the corresponding period in 2009
• Adjusted net income (Non-GAAP), which excluded share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions, post acquisition settlement consideration, impairment of goodwill and acquired intangible assets, was RMB17.5 million (US$2.7 million) in the fourth quarter 2010, compared to an adjusted net loss of RMB10.4 million in the corresponding period in 2009
• Operating profit in the fourth quarter 2010 was RMB6.9 million (US$1.0 million), compared to operating loss of RMB2.2 million in the corresponding period in 2009
• Non-GAAP operating profit, which excluded share-based compensation expenses and post acquisition settlement consideration, was RMB10.2 million (US$1.5 million) in the fourth quarter of 2010, compared to RMB1.3 million in the corresponding period in 2009
• Adjusted EBITDA (Non-GAAP) was RMB30.6 million (US$4.6 million), a 68.7% increase from the corresponding period in 2009
• Adjusted EPS was $0.11 vs. ($0.25)

Highlights for Fiscal Year 2010

• Net revenues in 2010 increased 48.1% from 2009 to RMB403.4 million (US$61.1 million)
• Net loss in 2010 was RMB55.7 million (US$8.4 million), compared to a net loss of RMB39.2 million in 2009
• Adjusted net income (Non-GAAP) was RMB61.0 million (US$9.2 million) in 2010, compared to a loss of RMB16.1 million in 2009
• Operating loss in 2010 was RMB61.3 million (US$9.3 million), compared to operating loss of RMB12.7 million in 2009
• Non-GAAP operating profit was RMB48.7 million (US$7.4 million) in 2010, a significant increase from RMB1.7 million in 2009
• Adjusted EBITDA (Non-GAAP) in 2010 was RMB114.1 million (US$17.3 million), a 61.4% increase from 2009
• The number of active customers as at December 31, 2010 totaled 504, compared to 281 as at December 31, 2009
• Adjusted EPS was $0.93 vs. ($0.39)

"We were pleased to achieve profitability in the fourth quarter as we recorded another period of revenue growth," said Mr. Song Wang, co-founder, chairman and chief executive officer of ChinaCache. "Our mobile Internet, media and entertainment, and enterprise and e-commerce verticals performed strongly as customers took advantage of our services to enhance end user experience. In particular, we were pleased to add contracts with new provincial subsidiaries of China Mobile and we saw exceptionally strong growth in the Internet video space. We also entered into a number of exciting content and application delivery service contracts with leading provincial television stations to improve the reliability of TV programs delivered across the Internet."

Mr. Wang continued, "Looking to the year ahead, we are optimistic that the rapid growth of content delivered over the Internet will continue to drive strong demand for ChinaCache's CDN solutions."

"During the quarter we saw continued improvement in adjusted net income even as we increased investment in our bandwidth, collocation and storage facilities to meet growing customer demand," added Mr. Robert Yong Sha, chief financial officer of ChinaCache. "2010 witnessed the healthy development of ChinaCache's business, as we expanded our industry leadership and improved profitability. In 2011, we look forward to building out our customer base further while managing for profitable growth."

Outlook for First Quarter 2011

ChinaCache currently expects to generate total net revenues in an amount ranging from RMB128.0 million (US$19.3 million) to RMB133.0 million (US$20.2 million) for the first quarter of 2011, representing a 68.6% to 75.2% year-over-year increase from the corresponding period of 2010. This forecast reflects ChinaCache's current and preliminary view, which is subject to change.

ChinaCache International Holdings Ltd. set to commence IPO.

Company Snapshot:

Provider of Internet content and application delivery services in China

Industry Snapshot:

Growth Drivers

• Increasing Internet usage and broadband penetration in China.
• Growth of rich media content.
• Growth of the mobile Internet and mobile data services;
• Growth of online game industry.
• Growth of online advertising and e-commerce.
• Growth of Software-as-a-Service and cloud computing.
• Increasing need for networks with greater interconnectivity and efficiency.

Use Of proceeds:

We intend to use the net proceeds from this offering to expand our research and development efforts, to fund our capital expenditures for network and other equipment and to fund working capital and for other general corporate purposes, including strategic investment in and acquisitions of complementary businesses.

Underwriter(s):

• Merrill Lynch, Pierce, Fenner & Smith Inc.
• Deutsche Bank Securities Inc

Proposed offering price: $10.00 to $12.00.

Post IPO Share Calculation: (Using a 16 to 1 Ordinary to ADS conversion ratio).

•   18,133,832: Pre IPO fully diluted share count used in EPS calculation.
•     4,454,100: Newly issued ADS shares 
•        825,147: Over-allotments ADS shares

GeoTeam® best effort calculation of total post IPO ADS count to be used in EPS calculations, assuming full conversions and a Ordinary to ADS conversion ratio of 16 to 1: 23,413,079

Our net revenues were RMB161.0 million, RMB291.4 million and RMB272.4 million (US$39.9 million) in 2007, 2008 and 2009, respectively. We incurred net losses of RMB87.9 million, RMB151.8 million and RMB39.2 million (US$5.7 million), respectively, in the same periods. Our net revenues for the six months ended June 30, 2010 were RMB170.3 million (US$25.1 million), and we incurred a net loss of RMB24.2 million (US$3.6 million) for the same period.