ChinaCache And QIYI Reach Content And Application Delivery Service Agreement
BEIJING, Feb. 4, 2011 (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 reached a service agreement with QIYI.com (QIYI),a leading Internet video company in China, for content and application delivery services.
Under the terms of the agreement, ChinaCache will provide an integrated content and application delivery solution to support QIYI's online video services. ChinaCache's solution will help ensure the quality and improve the user experience of QIYI's online video services.
As a Baidu established Internet video service company, QIYI has emerged as one of the top Internet video companies in China. In 2010 QIYI saw strong video business growth, enjoyed a solid market reputation and established a strong customer base by providing HD quality video to end users."ChinaCache is very excited to add a high quality customer such as QIYI to our exiting Internet video customer portfolio which now includes a number of top video service companies in China," commented Song Wang, chief executive officer of ChinaCache. "We believe that our capable service platform will help QIYI in effectively managing peak traffic and significantly improving user experience. As the Internet video market begins to accelerate this year, we are strongly committed to providing the best quality of content and application delivery services to our customers," Wang continued. Dr. Gong Yu, chief executive officer of QIYI said, "We are very pleased to have chosen ChinaCache's content and application delivery platform for our video services. We are confident that ChinaCache's scalable service platform can add value to us in ensuring our service quality. I believe that QIYI is uniquely positioned in the China market in offering quality Internet video services. We expect our business will continue to grow as a result of our strong commitment to continuing to optimize our video services and to providing the users with the best quality of video services over the Internet."
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