This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,127.60 +153.29 0.90%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,551.1260 +1.90 0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs