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Wangsu Science & Technology

Wangsu Science & Technology Co., Ltd. (Chinese: 网宿科技股份有限公司) is a China-based company that provides content delivery network (CDN) and Internet data center (IDC) services. It was founded in 2000 and listed on the Shenzhen Stock Exchange in 2009.

Wangsu Science & Technology Co., Ltd (网宿科技股份有限公司)
Public
Traded as
GenreInternet
Founded2000 (2000)
FounderChen Baozhen
(Co-Founder)
HeadquartersBeijing, China
Key people
Chengyan Liu[1]
(CEO, President)
Ke Hong
(Vice Chairman, Vice President, CTO)
Qian Xiao
Vice President, CFO
Liping Zhou
Vice President, Secretary
Minjian Chu
Vice President, Director
ProductsWebsite Acceleration
Stream Acceleration
Enterprise Acceleration
Number of employees
2,846 [2]
SubsidiariesQuantil, Inc.[3]
Quantil Networks, Inc.[4]
Quantil Technology (Ireland) Limited[5]
Websiteen.chinanetcenter.com

It operates businesses in China as ChinaNetCenter Co., and overseas markets as Quantil, Inc. for CDN services and Quantil Networks, Inc. for IDC services.[3][4]

Corporate affairsEdit

The largest shareholder is Chen Baozhen, who co-founded one of the predecessor companies of Wangsu, holding 21% of the shares of the company.[6]

Its Chinese domestic markets are divided into East China, South China, North China, Central China, the western region and the northeast region.

AcquisitionsEdit

In February 2017, the company announced its acquisition of South Korean competitor CDNetworks for 21.1 billion yen ($185 million) to continue expanding its network and business operations outside of China. The deal involved purchasing 85% percent of CDNetworks’ shares from KDDI.[7] In the same month, Global Times reported the company considered acquiring 70% of CDN-Video, a Russian company also providing CDN services.[8]

ReferencesEdit

  1. ^ "Shanghai Wangsu Science & Technology Co.(SHE:300017)". Google Finance. April 25, 2017.
  2. ^ "ChinaNetCenter". Bloomberg. April 25, 2017.
  3. ^ a b "Quantil, Inc.: Private Company Information". Bloomberg. April 25, 2017.
  4. ^ a b "Quantil Networks, Inc. in Pasadena, CA". FindTheCompany. April 25, 2017.
  5. ^ "Quantil Technology (Ireland) Limited - Irish Business Info". Vision-Net. April 25, 2017.
  6. ^ "New Faces On The 2015 Forbes China Rich List". Forbes. October 29, 2015.
  7. ^ "Content Delivery Specialist Goes Global with $186 Million Purchase". Caixin. February 23, 2017.
  8. ^ "Wangsu may acquire stake in CDN-Video". Global Times. February 20, 2017.