China’s Henan province announces $7.4bn digital infrastructure investment
China’s Henan province has recently announced a major investment in digital infrastructure, amounting to 50 billion yuan (US$7.39 billion). The investment, to be carried out under the 2023 Digital Economy Development Work Plan recently released by the Henan Development and Reform Commission, i...
February 01
Global cloud revenues reached half a trillion Dollars in 2022
The main public cloud service and infrastructure markets, operator and vendor revenues for 2022 reached US$544 billion, the first time the figure crossed the half-trillion Dollar mark. Data from Synergy Research Group shows a growth of 21% from 2021 and forecasts the value to overcome US$1 trillion by 2026. Last year’s revenues come in contrast with early forecasts by ...
January 25
Public cloud revenues to cross half-Trillion Dollar mark for the first time
Global public cloud revenues are set to grow to US$525.6 billion in 2023, passing the half-trillion Dollar mark for the first time. The figure represents a CAGR of 26% on 2022, with infrastructure-as-a-Service (IaaS) appearing as the fastest-growing segment as revenues are forecasted to jump by 35% YoY, according to Trading Platforms. Public cloud revenues nearly doubled...
January 17
GDS sells $580m in convertible senior notes to finance data centre acquisitions
Chinese data centre operator GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) has entered into agreements to sell US$580 million in aggregate principal amount of 4.50% convertible senior notes due 2030 to various private equity funds and institutional investors, including a sovereign wealth fund. The Notes will mature on January 31, 2030 (approximately the seventh anniversary...
January 16
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