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.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.