Xiaomi, Temasek, Kingsoft to invest in China’s 21Vianet
Software giant Kingsoft Corporation, smart phone maker Xiaomi and Singapore’s Temasek Holdings have agreed to invest $296 million in 21Vianet, a Chinese internet data center provider.
According to a statement, 21Vianet is issuing 98.7 million shares at $3 apiece. Kingsoft will acquire an 11.6% interest in the company for $172 million, while Xiaomi will pay $50 million for 3.4%. Temasek...
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