21Vianet Group, Inc. (NasdaqGS:VNET) announced that it has entered into share purchase agreement for a private placement of 39,087,125 class A common shares and 18,250,268 class B common shares with new investor King Venture, a wholly owned subsidiary of Kingsoft Corporation Limited at $3 per share for gross proceeds of $172,012,179 on November 29, 2014. As a part of the round, the investor will acquire a total 11.6% stake in the company. The investor will have the right to nominate one director on the company's board of directors.

On November 30, 2014, the company announced that it has entered into share purchase agreement for 6,142,410 class A common shares and 10,524,257 class B common shares with new investor Xiaomi Inc. at $3 per share for gross proceeds of $50,000,001. As a part of the round, the investor will acquire a total of 3.4% stake in the company. The investor will have the right to nominate one director on the company's board of directors. The company will issue a total of 45,229,535 class A common shares and 28,774,525 class B common shares for total gross proceeds of $222,012,180.

On December 1, 2014, the company announced that it has entered into share purchase agreement for 24,668,020 class A common shares with existing investor Temasek Holdings (Private) Limited at $3 per share for gross proceeds of $74,004,060. As a part of the round, the investor will hold 13.1% stake in the company. The investor will have the right to nominate one director on the company's board of directors. The company will issue a total of 69,897,555 class A common shares and 28,774,525 class B shares receive total gross proceeds of $296,016,240. The transaction is expected to close in January 2015.

In January 2015, 21Vianet Group, Inc. closed the transaction.