Chinese state-owned power company Three Gorges Group has completed the first of three developments phase of its Dongyuemiao Data Center Project in Yichang, Hubei. The initial stage represents a capital investment of CNY 845 million (US$134 million) and has brought online 40,000 square meters/430,500 square feet of hosting space with 4,400 racks. At full build, the site w...

Chinese data centre operator VNET Group, Inc. (Nasdaq: VNET), former 21Vianet, has received an unsolicited preliminary non-binding offer to acquire all of the group’s outstanding ordinary shares. The proposal letter to the Board of Directors has been sent by China-based investment banking and private equity firm the Hina Group and Industrial Bank Co., Ltd.,...

Infrastructure investor Actis has completed fundraising for Actis Asia Real Estate 2 (AARE2) fund amassing US$700 million in limited partnership (LP) fund and co-investment commitments. Additional co-investment opportunities are expected to deliver up to US$1billion of investable capital during the life of the Fund. The Fund will allocate capital to invest in real estate...