May 23, 2026 China
Huawei has launched a full-stack AI data infrastructure platform, unveiled at its Innovative Data Infrastructure Forum 2026. The offering includes the OceanStor Pacific scale-out storage system, delivering up to 11PB of capacity in a 2U form factor and aimed at reducing total cost of ownership...
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May 22, 2026 China
Princeton Digital Group, backed by Warburg Pincus, is reportedly planning to sell its data centers in China, according to the Financial Times. The deal could be valued at up to $1 billion, based on sources familiar with the process. PDG currently operates about 286MW of capacity in China across...
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November 21, 2025 Princeton Digital Group
APAC real estate firm ESR this week said it was developing an 80MW data center in South Korea, in partnership with Seoul-based Wide Creek Asset Management. The facility is set to be leased to APAC data center operator Princeton Digital Group (PDG).Stuart Gibson, co-founder and co-CEO, ESR, said:...
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July 31, 2025 Princeton Digital Group
APAC data center firm Princeton Digital Group (PDG) this week announced it has secured $160 million in green loans for its MU1 data center campus in Navi Mumbai, India. The financing, provided by local financial firms Axis Bank, Kotak Mahindra Bank, and Canara Bank, will be used to fund the...
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July 19, 2025 Princeton Digital Group
Asia Pacific-focused data center operator Princeton Digital Group has raised $1.3 billion from Stonepeak following its $1.2 billion debt financing deal back in May.“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” said...
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May 20, 2025 Princeton Digital Group
Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia. The financing comprises $800 million in project financing for the development and expansion of PDG’s data center campuses in...
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May 20, 2025 Princeton Digital Group
Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia. The financing comprises $800 million in project financing for the development and expansion of PDG’s data center campuses in...
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January 06, 2025 China
Chinese data center firm GDS has changed its name and officially launched as an independent company as of January 1, following the recent completion of a series B funding round. Established in 2022, what was then GDS International was founded to hold GDS Holding’s data center assets and...
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January 04, 2025 China
US-based cloud computing and Content Delivery Network (CDN) company Akamai plans to end its CDN in China, ending services in the country on June 30, 2026, the company said in a letter to customers. After this point, any remaining content requests will be automatically served from neighboring...
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December 21, 2024 China
Vertiv's Chinese subsidiary has acquired centrifugal chiller technology and assets from BiXin Energy Technology Co. (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units.“This acquisition supports our capital allocation strategy, which includes adding...
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December 03, 2024 China
Chinese data center operator Vnet is setting up a data center investment fund with Chinese insurance company Dajia. The fund will be jointly operated by Vnet and Dajia subsidiary Dajia Investment Holding Company and will make its first investment in Vnet’s Taicang IDC campus in the Jiangsu...
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November 18, 2024 China
China's Alibaba Group saw its cloud computing business revenue grow by seven percent during Q3 2024. According to Alibaba CFO Toby Xu, AI-related product revenue has achieved triple-digit year-over-year (YoY) growth for the fifth consecutive quarter, which "triggers" more demand for the company's...
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September 27, 2024 Princeton Digital Group
Princeton Digital Group (PDG) has signed a deal with business park developer Mindspace REIT to develop three more data centers outside Mumbai, India. Under this partnership, Mindspace REIT will develop three additional built-to-suit data centers for PDG, adding a further 1 million sq ft to its...
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September 23, 2024 Princeton Digital Group
Princeton Digital Group (PDG) has announced plans to expand its data center capacity in Mumbai and Chennai, India through a $1 billion into the country which will bring its India portfolio to 230MW of capacity. DG plans to add three new facilities, bringing the total campus capacity to 150MW...
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July 20, 2024 China
Josh Sheng Chen, co-chairperson and CEO of Chinese data center firm Vnet (formerly 21Vianet) has withdrawn his offer to acquire all outstanding shares of the company which he made in September 2022. Josh Sheng Chen said: “I withdrew my privatization proposal as I believe that maintaining Vnet's...
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July 10, 2024 China
Mediacom Communications Corporation (MCC) has said that it's on course to complete the removal of banned Chinese equipment from its network this month by its July 15 deadline."To date, 100 percent of the program has been completed across the areas of removal and replacement, and 99 percent of...
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May 02, 2024 China
King Yuan Electronics Co (KYEC), one of the world's largest testing and packaging services firms, has sold its entire 92.1 percent stake in its King Long Technology (KLT) subsidiary, a manufacturing hub in the Chinese city of Suzhou as the company sets out to leave China. KYEC cites issues...
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March 27, 2024 Princeton Digital Group
Data center operator Princeton Digital Group (PDG) has completed the first phase of its 96MW data center campus, TY1, in Tokyo, Japan which included the core and shell construction of a six-story facility, expected to supply 48MW of IT capacity. The TY1 data center located in Saitama City, 30km...
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December 27, 2023 China
British semiconductor and software company Arm has laid off more than 70 software engineers based in China due to a downturn in the country's sales of devices such as smartphones and personal computers. In 2022, the company announced that it would cut about 1000 jobs, about 15 percent of its...
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November 24, 2023 China
British chipmaker Graphcore has announced that it will pull out of China in the face of US export controls. The chipmaker is now letting go of most of its staff in China and discontinuing business there. This is another setback to the company, which is already struggling as it revealed in October...
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