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April 16, 2014
09:30 EDTSTVChina Digital announces partnership agreement with Beijing Gehua
China Digital announced that it has reached an agreement with Beijing Gehua CATV Network Co to establish a strategic partnership on cloud computing technology and related businesses, to cooperate on overseas business expansion, and to enter into an equity investment agreement. Pursuant to the agreement, Gehua will make an equity investment in the company and hold a 10% stake in Cyber Cloud, a subsidiary of China Digital TV. Meanwhile, China Digital TV will help Gehua build and improve its full media cloud computing platform. The two sides will also jointly develop their opportunities overseas by leveraging their respective advantages in the areas of technology, operations and management.
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