AI is creating an opportunity to benefit from the surge in power needs of China. Rapid growth in data centers to power AI will benefit China power utilities which are already showing good momentum.
What is covered in the Full Insight:
Introduction
AI's Hunger for Power
Data Centers Are Booming
China Data Center Growth
Winners in China's Power Industry
Boomeranged on Wed, 25 Dec 2024 02:47
GDS Holdings announced that is considering an IPO for a REIT of its data center assets in China which could happen next year. The share sale could raise about 1B yuan. Last year China loosened eligibility rules for assets in REITs. GDS recently announced a Series B funding round for its data centers outside of China. Softbank Vision Fund and Citadel's CEO Ken Griffin were among the investors.
SUMMARY
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