Lei Jun (Board Chairman of Kingsoft and Xiaomi), Chen Sheng (Board Chairman & CEO of 21Vianet), Zhang Hongjiang (CEO of Kingsoft and Kingsoft Cloud)

21Vianet Group (Nasdaq:VNET), a leading carrier-neutral internet data services provider in China, has announced that it has entered into share purchase agreements with Kingsoft, Xiaomi and Temasek.

The three investors will inject a total of US$296 million of funding into 21Vianet. Kingsoft agreed to a US$172 million investment for a 11.6% stake in 21Vianet. Xiaomi invested US$50 million into a 3.4% stake, while Temasek will invest US$74 million for a 13.1% share of the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.