INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On September 3, 2020, ChinaCache Holding Ltd. (“ChinaCache” or the “Company”) announced that its Board of Directors approved the
Letter of Intent (“LOI”) with BaishanCloud Technology Co., Limited (” BaishanCloud”). Subject to the terms and conditions,
the Company is willing to sell all equity interests of ChinaCache Networks (UK) Limited and ChinaCache North America, Inc.
(“Target Shares”) to BaishanCloud and BaishanCloud will purchase the Target Shares.
After execution of this LOI, both parties shall proceed in good faith to complete the negotiation and execution of the definitive transaction documents as expeditiously as possible.
Except for the provisions with regards to confidentiality, term of validity, no binding agreement,
applicable law and arbitration, and miscellaneous, the LOI is not legally binding on the parties.
Any conclusion of definitive transaction documents by the Company related to such transaction will be subject to the approval of the Board or other approval requirements, if applicable.”
According to a 2016 study commissioned by McKinsey & Company, 76 percent of China’s urban population,
predicted to be in excess of 550 million people, will be considered “middle class” by 2022.
The tremendous growth opportunity within the Chinese middle class has become a true focal point for most global businesses today.
Yet accessing this market through its 800 million internet users has proven to be an even greater challenge for foreign companies
due to complex Chinese government regulations and Internet infrastructure roadblocks.
ChinaCache specializes in assisting global companies reach this Market with our technical and government compliance expertise.
The most effective option to reach this market is to host your content in China to be closest to your potential customers.
Hosting in China requires an Internet Content Provider (ICP) filing also called
“Bei-An” which is required by the Chinese Ministry of Industry and Information Technology (MIIT) agency.
The Chinese Government regulates and monitors every aspect of the Internet, including content, storage, and delivery.
Hosting providers, including ChinaCache,
are strictly forbidden to activate a client’s website in China until an official ICP filing or license has been obtained.
ChinaCache was established 1998 and MIIT introduced ICP regulations in 2000. We have a long history assisting clients with ICP,
navigating the constant changes and challenges to successfully get customer content hosted and accelerated to the huge Chinese market place.
With 20 years of experience, ChinaCache (NASDAQ: CCIH) is an industry leader in providing
IT services including content delivery network (CDN), data center management, Internet Exchange center operations and cloud hosting services.
As the China Internet expert,
ChinaCache has been assisting foreign companies to enter the China market and guiding them through the complex Internet landscape in China,
including establishing business entities, applying for ICP Bei’An, improving website speed and much more.
Founded in 1998, ChinaCache is the first and one of the largest content delivery service providers in China.
ChinaCache has more than 400 employees across the world with global service coverage. More than 30,000 servers, 8.2 billion pages served daily,
and 80 million unique IP visits per day make ChinaCache the leading CDN provider and the industry's most recognized name in China.
ChinaCache is also the only China-focused pure-play CDN company publicly traded on NASDAQ.
Leveraging its extensive knowledge in Datacenters,
ChinaCache embarked on constructing its own eco-friendly data center campus located in Beijing’s Tianzhu Free Trade Zone.
Besides the nine buildings of data center spaces,
also sitting on the campus is the first carrier-neutral Internet Exchange in Mainland China that provides
high quality IP-peering and interconnectivity services for Internet Content Providers and Internet Service Providers.
ChinaCache’s CDN, Datacenter and Internet Exchange services have been integrated into a distinctive
3-tier Internet ecosystem that is pushing the boundaries of the Internet landscape in China.
Europe, Middle East, Africa
ChinaCache was founded.
The first company to receive a CDN license from Ministry of Industry and Information Technology (MIIT).
Built and started operating the first batch of nodes.
Signed the first two commercial clients: Sina and Sohu.
Provided live streaming CDN service for the China’s government-held Two Sessions meetings.
Atecsys Data Center
Largest carrier-neutral data center in Beijing
Easy access from Beijing Capital Airport
Premium BGP routes to all major ISPs
Located in the Tianzhu Free-Trade Zone
CHN-IX Internet Exchange
CHN-IX is the very first Internet Exchange in China. It helps ISPs and ICPs share traffic and reduces costs. Peer with us at the Atecsys data center campus in Beijing, China.
Don't let a lack of China expertise bottleneck your business potential. Founded in 1998, ChinaCache is the first and largest CDN in China and most trusted by the Chinese government.
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