Oct 03, 2022 | Posted by MadalineDunn | Shanghai
Chayora, a Hong Kong-based data center operator, has announced that it has completed the construction of its first data center on its new Shanghai campus in China. The company first announced the campus back in November 2021, and in partnership with EdgeConneX, Edge will offer computing servic...
Sep 21, 2022 | Posted by Abdul-Rahman Oladimeji | 21Vianet
The founder of Vnet, Josh Sheng Chen, has offered to acquire the data center company. According to reports from the Chinese data center firm, a non-binding proposal has been received from Josh Sheng Chen. The proposal is to acquire all of Vnet’s outstanding ordinary shares. He proposed $8.2...
Jul 29, 2022 | Posted by Abdul-Rahman Oladimeji | 21Vianet
According to Bloomberg, Private equity company MBK Partners is mulling over the acquisition of China’s Vnet. Vnet Group Inc., formerly known as 21Vianet, is a Chinese data center firm. MBK is in discussions with a partner over a joint offer for Vnet. Vnet had been an acquisition target for ...
Apr 13, 2022 | Posted by Abdul-Rahman Oladimeji | 21Vianet
Vnet, formerly known as 21Vianet has received unsolicited acquisition offers from two Chinese investment firms. Industrial Bank Co. ltd and Hina Group are looking to acquire the Chinese data center firm. The offer tabled is US$8 in cash per American depositary share. The offer can also be a...
Feb 01, 2022 | Posted by Abdul-Rahman Oladimeji | 21Vianet
Chinese data center firm Vnet has announced that Blackstone has invested $250 million in the firm. Blackstone bought $250 million worth of convertible notes in Vnet. According to Vnet, it will be using the funds to develop and expand in China. The founder and executive Chairman of Vnet, Josh C...
Nov 18, 2021 | Posted by Abdul-Rahman Oladimeji | Shanghai
Chinese developer Chayora has revealed plans to build a data center campus in Shanghai, China. The data center campus will sit on an 8.5-acre site. In addition, the campus will have three five-story buildings with a capacity of up to 10,000 racks. Chayora also revealed that the campus would...