Sinnet

Beijing Sinnet Technology Co., Ltd. (光环新网), trading under the Sinnet brand, is a Chinese provider of internet data center (IDC) and cloud computing services headquartered in Beijing. The company builds and operates carrier-neutral data centers and offers server hosting, rack space, bandwidth, network connectivity, cloud migration and managed cloud services to enterprises, internet companies and government customers across China. Sinnet is most widely known for its role as the licensed local operating partner behind Amazon Web Services' Beijing region. Under China's regulatory framework, foreign cloud providers must operate through domestic licensed partners; Sinnet fulfils that role for AWS in Beijing, operating and selling AWS services to Chinese customers while AWS supplies the technology. This partnership made Sinnet one of the most visible names in China's cloud infrastructure market. Beyond AWS, Sinnet has expanded its own cloud and data center footprint, developing self-built data center campuses in Beijing and other regions and offering cloud connectivity, hybrid cloud and value-added services. The company is listed on the Shenzhen Stock Exchange's ChiNext board under ticker 300383, giving it access to public capital for data center expansion. Sinnet's positioning sits at the intersection of real-estate-like data center infrastructure and IT services: it monetizes rack space and power, but increasingly layers cloud operations, network and managed services on top. Its fortunes are tied to Chinese enterprise cloud adoption, data center capacity demand and the regulatory arrangements governing foreign cloud providers in China.

Beijing Sinnet Technology was founded in Beijing in the late 1990s and grew as a provider of internet data center services, hosting equipment for internet companies and enterprises in the capital. As Chinese internet traffic and enterprise IT demand expanded through the 2000s, Sinnet invested in data center capacity and network connectivity, positioning itself as a carrier-neutral operator that could serve multiple telecom networks. A defining development came with the arrival of Amazon Web Services in China. Because foreign cloud providers must operate through licensed domestic partners, AWS launched its Beijing region with Sinnet as the local operating and selling entity. Sinnet operated the infrastructure and sold AWS services to Chinese customers, while AWS supplied the underlying technology. This arrangement gave Sinnet a prominent role in China's cloud market and a recurring revenue stream tied to AWS's growth in the country. Sinnet listed on the Shenzhen Stock Exchange's ChiNext board under ticker 300383, using public capital to fund data center construction and expansion. The company developed self-built data center campuses, particularly in the Beijing region, and broadened its service portfolio toward cloud connectivity, hybrid cloud and managed services. In the 2010s and 2020s, Sinnet continued to expand capacity and adapt to evolving Chinese cloud regulations, which periodically reshaped how foreign providers and their local partners operate. Its business remains closely linked to enterprise cloud adoption in China and to the regulatory framework governing AWS's Beijing operations.

• Founded in Beijing as an internet data center services provider

• Became the licensed local operating partner for AWS's Beijing region

• Listed on the Shenzhen Stock Exchange ChiNext board (ticker 300383)

Carrier-neutral data center and cloud services operator; licensed local partner enabling foreign cloud services in China.

• IDC hosting and rack leasing

• AWS China (Beijing) cloud services operations

• Hybrid cloud and managed services

• 2019.09.26

  Reported2019.09.26

  Sinnet to acquire a 63% stake in Kunshan Meihongye Metal Products[1]光环新网拟取得昆山美鸿业63%股权finance.sina.com.cn

  Sinnet announced a transaction to acquire and invest in Kunshan Meihongye Metal Products, resulting in a 63% equity stake.

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1. 1光环新网拟取得昆山美鸿业63%股权finance.sina.com.cn