March 24, 2023 Beijing
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 to...
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September 21, 2022 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 $8.20 in...
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July 29, 2022 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 many...
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April 13, 2022 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...
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February 01, 2022 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...
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January 24, 2022 Beijing
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 that...
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December 09, 2021 Beijing
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...
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