ChinaCache Announces Successful Closing of Series B of Private Placement

BEIJING, China, April 26 /Xinhua-PRNewswire/ -- ChinaCache Network Technology (Beijing), the leading service provider of content distribution networks (CDN) in China, announced today that it has successfully closed its US$31.5 million Series B financing. Qiming Venture Partners led this round, joined by its US partner fund, Ignition Partners, LLC, and C.V. Starr International, Susquehanna International Group ("SIG") China, and existing institutional investors, JAFCO Asia, Intel Capital and Investor AB.

China Renaissance Partners acted as the exclusive financial advisor to the Company on this transaction.

About ChinaCache

Established in 1998, ChinaCache is a leading content distribution network (CDN) service provider in China. The Company is committed to providing innovative and customized CDN solutions and services to create long-term value and potential growth for its customers. ChinaCache has thus far built 115 service nodes in more than 45 major cities across China, with its total network capacity reaching 150 Gbps. China Cache’s CDN network is well interconnected with all major carriers in China, including China Telecom, China Netcom, China Mobile, China Unicom, China Railcom, and China Cernet. Please visit http://www.chinacache.com .

For more information, please contact:

Wei An

ChinaCache

Tel: +86-10-6437-3399 x611

Email: wei.an@chinacache.com