Data Center News

GLP Wants To Raise $500 million to fund Chinese expansion

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 $5...

February 13, 2022

China

Hotwon Group Plans To Raise $300 million To Fund Expansion

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 comp...

February 08, 2022

China

Sustainability goals outlined by Alibaba

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." Zhang says that...

January 06, 2022

China

Four mega data center clusters ahead for 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 carbon...

December 31, 2021

China

Sanya to receive first underwater data center

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 agre...

December 28, 2021

China

China's Guangdong to move data centers undersea

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 their data ce...

December 16, 2021

China

VNET to form JV with Sovereign Wealth Fund to develop hyperscale data centers in 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, V...

December 15, 2021

China

Tesla Finally opens a data center in China

Tesla has finally opened its data center in Shanghai, China. It first announced the facility in April after Chinese regulators started making rules that would require Chinese subsidiaries to store data in China. Tesla did not reveal many details about the data center as the electric vehicle ma...

October 26, 2021

China

What's ahead for West China's Guian New District?

Guian New District's Big Data Development Service Center, has announced that China's Guian New District has 15 large and super-large data centers either underway or planned for future construction. By 2025, the project is expected to exceed 100 billion Yuan; however, in just the first quarter ...

September 17, 2021

China

Chinese authorities push ahead with plans underwater data centers

Underwater data centers are increasingly being looked to solve the industry’s sustainability issue. Submerging data centers underwater is reportedly more energy-efficient, addresses space scarcity, and sees facilities encounter fewer failures. Now, authorities in China are planning to invest ...

September 08, 2021

China

China's data centers and climate change

China's data center market has seen incredible growth over the last few years. Back in 2019, the market was valued at USD 13.01 billion but is forecast to reach a value of USD 36.18 billion by 2025. It is also registering a CAGR of 19.2% from 2020 to 2025. While this is good news economically...

September 06, 2021

China

Princeton Digital Group to build a $150m data center in Jakarta, Indonesia

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 ...

August 25, 2021

Princeton Digital Group

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 dire...

June 29, 2021

China

Princeton Digital Group considers $400m fundraising ahead of potential IPO

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...

June 28, 2021

Princeton Digital Group

Tesla establishes a data center in China to store car data locally

Tesla has announced the establishment of its data center in China. The data center opening comes as a response to the criticisms from Chinese authorities that the cameras on Tesla vehicles may be used for spying. In April, the Chinese Government published some rules about data collection by sm...

May 26, 2021

China

Underwater data center moves ahead in Hainan China

Hainan Port’s investment Company, Hainan Xintou, announced that it would launch its commercial undersea data center. The data center will run in 100 airtight pressure vessels on the sea bed close to China’s Changjiang Nuclear Power Plant. Beijing Highlander, a marine specialist, tested the pro...

May 24, 2021

China

GDS Holdings reportedly considering acquisition of GLP’s data centers

According to a report by Bloomberg, GDS Holdings is considering acquiring GLP Pte’s data centers business. The value of the assets is substantial and estimated to be between $8-10 billion. If the prospective deal goes forward, it will enable the Chinese firm to expand its footprint, while GLP ...

May 18, 2021

China

PRINCETON DIGITAL GROUP Secures $230 Million Financing, Charts Out $1 Billion Expansion in China (PR)

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...

April 13, 2021

Princeton Digital Group

Princeton Digital Group Announces Two Transactions in China and Singapore As Part of US$500 Million Growth Plan (PR)

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...

September 02, 2019

Princeton Digital Group

PDG to Acquire Majority Stake in XL Axiata’s Data Center Portfolio in Indonesia (PR)

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...

July 03, 2019

Princeton Digital Group

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