Lei Jun (Board Chairman of Kingsoft and Xiaomi), Chen Sheng (Board Chairman & CEO of 21Vianet), Zhang Hongjiang (CEO of Kingsoft and Kingsoft Cloud)21Vianet Group (Nasdaq:VNET), a leading carrier-neutral internet data services provider in China, has announced that it has entered into share purchase agreements with Kingsoft, Xiaomi and Temasek. Kingsoft agreed to a US$172 million investment for a 11.6% stake in 21Vianet. Xiaomi invested US$50 million into a 3.4% stake, while Temasek will invest US$74 million for a 13.1% share of the company. Lei Jun, board chairman of both Kingsoft and Xiaomi, disclosed that Kingsoft is going all-out in cloud services by investing US$1 billion in the netx three to five years. He also announced that Xiaomi Cloud now has a storage capacity of 47PB and provides service for almost 68 million users.