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Steel Maker Shagang to Acquire Internet Data Center Operators

Shagang, 6/15/17

Jiangsu-based steel maker Shagang (002075.SZ) has announced plans to wholly acquire Qingfeng Investment Management and internet data service provider Deli Xunda Technology (Daily Tech), in a bid to further enter the data center industry. Read More

Baowu Steel's E-commerce Platform Ouyeel Raises RMB 1 Bln Funding

Chinanews.com, 5/31/17

China Baowu Steel Group's subsidiary Ouye E-Commerce, operator of steel e-commerce platform Ouyeel, recently held a signing ceremony in Shanghai to mark its addition of new investors and an employee shareholding plan. Read More