BEIJING, Feb. 21, 2013 (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 a contract with Suning Appliance Co., Ltd. ("Suning") (002024.SZ), one of China's largest consumer electronics and appliance retailers. Under the agreement, ChinaCache will provide content and application delivery service solutions to improve the speed, reliability and security of Suning's online store Suning Yigou, Suning.com.
"We are pleased to be working with Suning, one of China's leading retailers, to bolster their online presence and help improve user experience for Suning Yigou visitors and shoppers. We understand that Suning has positioned online growth as a top priority, evidenced by sizeable investment in the continued development of their e-commerce platform and expansion of the range of products they sell online," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "As the competition between offline and online commerce becomes increasingly intense, a growing number of brick-and-mortar retailers are recognizing the importance of a viable e-commerce presence to complement their traditional businesses. With a portfolio of leading network solutions and 15 years of experience serving a wide variety of businesses, I believe that ChinaCache is well positioned to benefit from this trend, as well as the broader growth of the online retail industry."
Suning is one of the largest consumer electronics and appliance retailers in China. As of September 30, 2012, it operated a network of 1,667 stores in 267 cities across Mainland China and 40 stores overseas. Suning's online store, Suning Yigou, sells products including appliances, electronics, clothing and books. In the first nine months of 2012, Suning Yigou recorded sales of RMB 9.56 billion.
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (CCIH) is the leading total solutions provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex Internet infrastructure, ChinaCache is a partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and to improve end-user experience. For more information on ChinaCache, please visit en.chinacache.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ChinaCache's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening our relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to update such information, except as required under applicable law.
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