This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ChinaCache To Provide CDN Services To Local TV Station In China And Expand Its Presence In The Network Convergence Market

BEIJING, Nov. 1, 2010 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading provider of Internet content and application delivery services in China, today announced that it has inked a commercial contract with Jiangsu Broadcasting Corporation (JSTV), a local TV station in the province of Jiangsu, for content and application delivery services.

Under the terms of the contract, ChinaCache is to help JSTV deliver TV programs on to the Internet by providing an integrated content and application delivery solution. ChinaCache will provide Microsoft Silverlight based live streaming service to JSTV.  

The signing of the contract with JSTV marks yet another important customer win for ChinaCache following its first contract in the cable TV industry with Shanghai Media Group (SMG), one of the largest local TV stations in China in the second quarter of this year for a number of content and application delivery services.  

"We are excited that we are expanding our business presence in this emerging market by adding new customer to our existing customer base. The network convergence market represents great business opportunity for CDN service providers, and we are committed to working with local TV stations by providing them with the best application and delivery solutions to reach their target audience over the Internet," commented Song Wang, chief executive officer of ChinaCache.

Zhang Lei, director of New Media of JSTV said, "We are very pleased to be working with ChinaCache on this important business initiative of ours. ChinaCache's content and application delivery solution is vital to us in ensuring the reliability and quality of our services."  

The contract came at a time when the network convergence market in China is beginning to take off.  ChinaCache believes that the network convergence initiative, which integrates telecommunications network, the computer data network and the cable television network, will create huge demand for content and application services where millions of TV programs will be pushed over to the Internet.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs