China: CDH raises RNB 2 billion ($310 million) for a Chinese data center company

CDH Investments has announced that it has raised RNB 2 billion ($310 million) for a domestic data center Company. CDH Investments is a Beijing-based firm, and the funds it raised are said to be the first domestic fund in China that’s focused on investing in data centers. Ye Tao, managing director of CDH, commented that data centers are both a cash flow business and an asset business. He said data centers require a large amount of money at the early stages because it is a heavy asset investment.

He further added that the Company has over ten reserve projects in first-tier cities, including many mergers and acquisitions and self-built projects. He finally said that CDH would look into launching the second phase of the IDC fund when the time is right.