Xiaomi founder to invest US$1 billion in cloud computing market
December 7, 2014
Grazed from ChinaTimes. Author: Editorial Staff.
The first batch of the US$222 million investment in the 21Vianet Group, a leading carrier-neutral internet data center services provider in China, has signaled the intention of Lei Jun, founder and CEO of handset maker Xiaomi, to make major inroads into the cloud computing sector, according to the Beijing-based Caixin Online.
On Dec. 1, 21Vianet announced an investment of US$296 million to buy 69.9 million Class A and 128.8 million Class B ordinary shares in Kingsoft Corporation, Xiaomi and Temasek, a Singapore-based sovereign wealth fund…
Lei, who serves as chairperson of both Kingsoft and Xiaomi, has invested a total of US$222 million to obtain a 14% equity ownership in 21Vianet, which represents approximately 30% of the voting power…
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