Chinese data centre operator VNET Group, Inc. (Nasdaq: VNET) has reported its unaudited financial results for the second quarter ending June 30, 2024 a 9.4% increase in total net revenues, reaching RMB1.99 billion (US$274.4 million) compared to the same period in 2023. The growth was primarily fuelled by an 81% surge in wholesale revenues, which amounted to RMB402.0 million...

China has channelled 43.5 billion yuan (approximately US$6.12 billion) into a nationwide programme to construct computing data centres. The news was announced by Liu Liehong, the director of China's National Data Bureau, during an industry conference held in the southwestern city of Guiyang. Beijing's "Eastern Data, Western Computing" initiative, formally launched in ear...

London, UK / Jakarta, Indonesia, August 27, 2024 – The Tech Capital, a leading media voice in digital infrastructure finance and investment, is pleased to announce the launch of its highly anticipated agenda for the APAC Finance Forum 2024. Scheduled for November 20-21, 2024, in Jakarta, Indonesia, this premier event promises to be a central gathering for industry leaders...