SOURCE: The Bedford Report

The Bedford Report

April 26, 2011 08:16 ET

Data Center Demand Boosts Revenues for 21Vianet and ChinaCache

The Bedford Report Provides Analyst Research on 21Vianet & ChinaCache International

NEW YORK, NY--(Marketwire - Apr 26, 2011) - As China's middle class expands, its internet market continues to grow at a rapid pace. According to the China Internet Network Information Center, China has the world's biggest population of internet users with more than 500 million. A recent study from the consultancy, McKinsey & Co estimated that 6 million people go online for the first time in the country every month, and predicted the Chinese internet population will grow to 750 million in 2015. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on 21Vianet Group, Inc. (NASDAQ: VNET) and ChinaCache International Holdings Ltd. (NASDAQ: CCIH). Access to the full company reports can be found at:

Cloud Computing is at its early stages in China. According to the market research firm International Data Corp (IDC), carrier-owned data centers operated by telecommunications companies have traditionally dominated in China, however, the market share of independent data-center services grew to 35 percent in 2009 from 32 percent in 2008.

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IDC says 21Vianet is China's largest carrier-neutral Internet data center services provider by revenue. 21Vianet hosts its customers' computer servers and networking equipment in its data centers, keeps them connected to the Internet, and manages their networks. As a carrier-neutral center, customers can connect with Internet networks operated by a variety of telecom and other companies, and 21Vianet uses its own technology to pick the best route. 21Vianet says its revenue grew 68 percent last year to nearly $80 million.

21Vianet Industry peer ChinaCache recently said that its fourth quarter revenue surged nearly 75 percent to $18.8 million. Song Wang, co-founder, chairman and chief executive officer of ChinaCache, expects "rapid growth of content delivered over the Internet will continue to drive strong demand for ChinaCache's content delivery solutions."

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