April 11, 2022 Singapore
Although back in 2019, Singapore introduced a data center moratorium following concerns around energy supplies, in 2022, this moratorium was lifted - with conditions. Part of these conditions was that the country would be more selective over future data center projects. Further details around...
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April 08, 2022 China
Three Gorges Group has announced the completion of the Dongyuemiao data center project's first phase in Yichang, Hubei. The Chinese energy company revealed that the project's first phase cost RMB 845 million ($132.7m). The project has also been in development since February last year....
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April 08, 2022 Tokyo
Gaw Capital Partners has announced the acquisition of a building in Tokyo, Japan. The real estate private equity firm also plans to transform the building into a data center. The Fuchu Building it acquired is next to Meito Sangyo Building in Fuchu Intelligent Park. Gaw will demolish the 59,000...
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March 31, 2022 Seoul
Alibaba Cloud has announced the opening of a new data center in Seoul, South Korea. The company first revealed plans for a South Korean cloud region last year. It currently operates 82 Availability Zones and 26 regions across the globe. Alibaba’s head of Cloud Intelligence for Japan and Korea,...
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March 28, 2022 Mumbai
Indian Energy firm ZR Power Holdings has announced that it is investing more than Rs 1,700 crore ($223.2m) in a data center at Mahape in Navi Mumbai. The proposed facility would have a capacity of 50MW and span a 10-acre plot which the company is currently acquiring. Zain Ravadji, chairman, of ZR...
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March 21, 2022 Seoul
Pacific Asset Management and Canada Pension Plan Investment Board have formed a joint venture for the sole purpose of developing a hyperscale data center in Seoul, South Korea. The two companies announced that they would be investing KRW 200 billion (US$164.4 million) to develop the largest...
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March 01, 2022 Seoul
Singapore’s SC Capital Partners (SCCP) has announced the launch of a new data center firm. The real estate investment firm says it will be developing hyperscale facilities across Asia. Zeus Data Centers, backed by SCCP, launched its website and social media pages in the summer. Reports show that...
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March 01, 2022 China
Alibaba Cloud, a subsidiary of Alibaba, has announced that it is on track to have its global data centers running entirely on clean, renewable energy by 2030. As part of its green pledge and push towards more sustainable operations, the company has announced that it is upgrading five of its...
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February 23, 2022 Princeton Digital Group
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...
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February 22, 2022 China
China has announced that it has approved a large-scale project to build eight national integrated computing hubs with ten data center clusters. The National Development and Reform Commission (NDRC) and three other central departments (the Cyberspace Administration of China, the Ministry of...
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February 13, 2022 China
According to Bloomberg, GLP Pte is mulling over raising up to $500 million to expand its data center footprint in China. The Singapore-based investment manager wants to raise funds from investors in exchange for a minority stake in the firm. GLP Pte’s data center business is valued at up to...
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February 08, 2022 China
According to Bloomberg, Hotwon Group is looking to raise up to $300 million in funding. The Chinese data center developer hopes to use the money raised to expand its footprint across the country. Once successful, Hotwon’s valuation will increase to $1.5 billion. Reports also show that the company...
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February 03, 2022 Singapore
According to Cushman & Wakefield's 2022 Global Data Center Market Comparison report, Singapore now ties with the US's Silicon Valley in its league table of the top data center markets. This means that Singapore is now the top market for data centers in Asia-Pacific, beating Hong Kong...
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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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January 17, 2022 Singapore
This week, Singapore's Trade and Industry Minister made an announcement that the country's moratorium on new data center builds, which was introduced back in 2019. Minister Gan Kim Yong said that going forward, a "more selective" approach to new builds will be taken. In a...
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January 06, 2022 China
Alibaba has announced its sustainability goals to meet the rest of the industry in its push to go green. According to Alibaba's Chairman and CEO, Daniel Zhang, this announcement aligns with the company's aspiration to become a force for "positive, innovative change in society."...
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December 31, 2021 China
According to reports, China is planning to introduce four large clusters of data centers situated outside the ‘main population centers’ in the north and west of the country. This announcement comes following China laying out its sustainability commitments and key targets as per its 2060...
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December 28, 2021 China
Sanya, a coastal city on the south of Hainan Island, is to receive the world's first commercial demonstration underwater data center, with an investment of over 5.6 billion yuan ($880 million). This news comes following Hainan provincial authorities announcing they had reached a strategic...
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December 16, 2021 China
China's Guangdong province recently announced its five-year plan for its marine economy. Part of this plan will see "high energy consuming data centers" submerged in the sea to reduce energy consumption. As per the plan, cities such as Guangzhou, Shenzhen and Zhuhai will relocate...
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December 15, 2021 China
VNET, formerly known as 21Vianet, has launched a joint venture with an unrevealed sovereign wealth fund to build and operate hyperscale data centers in China. The agreement will see VNET create individual project companies that will develop each data center. Upon completing the data centers, VNET...
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