Beijing News

A company planning to construct a 3,200-rack data center in Huaili County, China, has been purchased by Chinese cloud provider CapitalOnline Data Service. This week, the company bought Huailai Wisdom Cloud Port Technology's entire equity stake. The company just recently received authorization ...

Singapore-based Princeton Digital has announced plans to develop more data centers in Asia, in a bid to support operations in its global headquarters. To do this, the company is injecting an investment of $1 billion. With this, the company is expanding into Batam with a 96-megawatt facility, o...

Telehouse has announced that it has begun work on its new data center at its TH3 Paris Magny campus in France. The second on the site, the data center, is located on a former EADS military site and will provide 12,000 sqm (129,150 sq ft) of IT floor space and 18MW of capacity across five buil...

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 $8.20 i...

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 man...

Princeton Digital Group (PDG) has announced that Lendlease has commenced work on its 100MW data center campus. The two held a groundbreaking ceremony in Saitama City, north of Tokyo, to mark the occasion. According to reports, the data center is pegged to be one of the largest in Japan and wi...

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 appr...

KDDI and its data center subsidiary Telehouse recently made their latest sustainability announcements and set a number of target dates to achieve carbon neutrality. Alongside this, they published the details of number of initiatives that will help them to achieve their green goals. Currently, ...

Princeton Digital Group has announced that it raised a new round of equity led by Mubadala. Mubadala is the Abu Dhabi government’s arm, and it has put in $350 million in the equity round worth over $500 million. The round will fund PDG, which has 20 data centers across the APAC region with a t...

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...

Multilateral bank Asian Infrastructure Investment Bank (AIIB), has announced that it is making a significant investment in new data center development, with $150 million. The Beijing-based company will direct the funds through the Keppel Data Centre Fund II (KDCF II). Current reports outline t...

In light of the global push to reduce carbon emissions, Beijing outlined in a plan published on Wednesday that local governments in China should ensure that the "blind and disorderly development" of data centers is carefully monitored and prevented. Moreover, it stated that governments should ...

Princeton Digital Group (PDG) has announced that it is investing $150 million to build a data center in Indonesia. The facility (Jakarta Cibitung- JC2) will have 22MW of power, and it will be built in the same campus that hosts PDG’s JC1 data center. Upon completion, the facility can still be ...

According to reports from Bloomberg, Princeton Digital Group wants to raise funds from investors to the tune of $400 million. Princeton Digital Group invests, develops, and operates data centers across Asia in countries like Singapore, China, Indonesia, and India. It also has 18 data centers i...

Continued progress against an aggressive 300MW expansion plan Confirms completion of fully contracted 42MW Shanghai data center campus Largest international partner to domestic and international hyperscaler customers in China SINGAPORE & SHANGHAI--(BUSINESS WIRE)--Singapore-based Princet...

Singapore and Shanghai, China – Singapore-based Princeton Digital Group (PDG), a Warburg Pincus-backed investor, developer and operator of internet infrastructure, today announced that it has acquired assets and land for data center development in China and Singapore, as part of a US$500 milli...

Singapore and Jakarta, Indonesia – Singapore-based Princeton Digital Group (PDG), a Warburg Pincus-backed investor, developer and operator of internet infrastructure, announced today that it has reached a definitive agreement to acquire a 70% stake in XL Axiata’s data center portfolio. XL Axia...