A new company, Hubei New Internet Exchange Centre Co., has been established in Hubei with registered capital of 100 million yuan, according to corporate registry Tianyancha. The firm is jointly owned by Tianyi Capital under China Telecom, Hubei Big Data Group, telecom equipment maker FiberHome Technologies, and Hubei Radio and Television, with YIN Binglin as its legal representative.

Compared with traditional internet exchange points, China's new-type internet exchange centres adopt new operating models and technologies to improve data and resource flows while lowering deployment costs for companies. The model is being promoted nationwide, with pilot projects in Hangzhou, Shenzhen's Qianhai, Shanghai's Lingang and Wuhan, and is positioned to support emerging services such as computing power scheduling.