Blackstone

AI boom fuels demand for major data centre deals in Asia-Pacific this year

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In 2023, the region’s data centre deals hit a record high of US$3.45 billion, according to LSEG. That tally is set to be surpassed this year, with at least a couple of large transactions in the pipeline. Data centres are secure, temperature-controlled facilities that house large-capacity servers and data-storage systems, with multiple power sources and … Read more

China’s foreign investment, confidence push gathers speed as top officials highlight ‘win-win opportunities’

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China’s top leadership has gone all out to revive confidence and lure foreign investment in intensive meetings with foreign business leaders in recent days, setting out the “win-win opportunities ahead”, as Beijing seeks to achieve a seemingly challenging economic growth target for 2024. In a rare move, nearly all top-level officials responsible for economic affairs … Read more