This Day On The Street
Continue to site
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

21Vianet Group, Inc. Announces New Additions To Its Board Of Directors

BEIJING, Oct. 17, 2012 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced that its Board of Directors (the "Board") has enhanced the independence of its Board through the appointment of Mr. Zhonghe Tai as Independent Director and Chairman of the Nominating Committee. Mr. Tai replaces Mr. David Ying Zhang, a non-Independent Director, who has voluntarily tendered his resignation from his position as Director and Chairman of the Nominating Committee. In addition, Mr. Jun Zhang, Co-founder and Chief Operating Officer of 21Vianet ("COO"), was also nominated to serve as Director of the Company, effective October 16, 2012.

Mr. Zhonghe Tai is a prominent figure in the Taiwanese technology sector with over thirty five years of industry experience with leading technology and hardware companies in Taiwan and the United States. Mr. Tai co-founded Acer Group in 1976, which has become one of top five branded PC vendors in the world today, and held various managerial positions during his tenure. Later in his technology career, Mr. Tai also founded Investar Capital, a venture capital firm focusing on IT companies, served as Chairman of Richtek Technology Corp, a world-leading power management IC design house listed on Taiwan Stock Exchange and Chairman of Digital Times, the only technology-focused newspaper in Taiwan. Currently, Mr. Tai serves on the Board of Directors for several public companies in Taiwan and Singapore including D-Link Corporation, Fullerton Technology, Ares International Corporation, Global Testing Corporation, Capella Microsystem Incorporated, and Wafer Works Corporation. Mr. Tai received a master's degree in business administration from Tam Kang University and a bachelor's degree in electrical engineering from National Chiao Tung University in Taiwan.

Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company, stated. "We are delighted to enhance and expand our Board with the appointments of both Messrs. Tai and Zhang. The appointment of Mr. Tai as Independent Director adds a highly experienced industry veteran to our Board and reflects our ongoing commitment to strengthen our corporate governance practice. In addition, Mr. Jun Zhang's expertise as our COO remains a critical component to our future growth plans. We believe these additions will further enhance 21Vianet's corporate governance practices, strategic planning and decision making capabilities. We also wish to express our sincere gratitude to Mr. David Zhang for his service to 21Vianet as our Board member and wish him continued success in his future endeavors."

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs