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Chaince Digital Holdings Inc. reports developments tied to its digital-finance operating model, including blockchain and digital asset solutions, tokenization infrastructure, AI and high-performance-computing infrastructure, and regulated financial services through Chaince Securities, LLC. The company, formerly Mercurity Fintech Holding Inc., describes its business as connecting traditional capital markets with blockchain technology and digital assets.
Recurring company updates include tokenized investment platform partnerships, institutional digital asset initiatives, private placements and other capital actions, AI data-center and liquid-cooling infrastructure initiatives, corporate presentations, and institutional ownership updates based on public Form 13F disclosures. The company also reports community and market-development activities related to brand and stakeholder relationships.
Chindata Group Holdings Limited (Nasdaq: CD) announced the successful operation of its Shanxi Lingqiu 220kV power transmission project on February 13, 2023, completing it in just six months. This project, designed to provide 360MW of power supply, utilizes innovative technologies that reduce construction costs and time. The new substation features a modular design and a patented transformer, directly stepping down voltage from 220kV to 10kV, enhancing efficiency by minimizing space and conversion stages. This achievement sets a new benchmark for data center power reliability in the Asia-Pacific region, supporting the growing demand for digital computing power.
Chindata Group Holdings Limited (Nasdaq: CD) has announced the pricing of $300 million in senior notes due 2026, bearing an interest rate of 10.5% per annum. The offering successfully attracted over $980 million in orders from high-quality investors across APAC and EMEA, reflecting strong market support despite economic uncertainties. The proceeds will be used for expanding data center investments in China and abroad, along with working capital and R&D initiatives. The notes are rated BBB- by Fitch, marking a significant milestone as the first offshore bond offering by a Chinese ADR issuer since August 2021.
The APAC data center construction market is projected to grow at a CAGR of 8% from 2022 to 2028, reaching a market size of USD 24.17 billion by 2028.
Key drivers include increasing digitalization, 5G investments, and the adoption of AI and IoT technologies. Major players like Google, Facebook, AWS, and Alibaba are expected to significantly invest in the region.
Additionally, the focus on renewable energy sources is rising, with plans from Japan to generate 60% of its energy from clean sources by 2030. New market entrants can seize opportunities by introducing innovative infrastructure to meet growing demand.
The India data center construction market is projected to reach $3.46 billion by 2028, up from $1.52 billion in 2022, reflecting a CAGR of 14.76%. Major metropolitan areas like Mumbai, Chennai, Hyderabad, Bangalore, and Delhi are set to attract substantial investments for hyperscale data center campuses. The launch of 5G is expected to drive demand for edge computing, while the adoption of renewable energy is increasing among providers. Significant players in the market include AdaniConneX and Sify Technologies, with a strong focus on AI, IoT, and data security leading investment growth.
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The Thailand data center market is set to achieve a significant milestone, projected to reach USD 1.33 billion by 2028, growing at a CAGR of 10% from 2022. This expansion is prompted by numerous global players entering the market, enhancing local competition. Notable investments include Chindata Group and others, contributing to a predicted revenue of USD 320 million in colocation services by 2028. The market's physical infrastructure is expected to cover 226 thousand sq. feet with a power capacity of 56 MW. Growth drivers include enhanced connectivity and rising adoption of cloud services and IOT technologies.
The China data center market is projected to grow at a CAGR of 2.7% from 2022 to 2028, reaching USD 34.03 billion by 2028. Key drivers include increased digital transformation, adoption of cloud platforms, and government initiatives supporting data center developments, particularly in Shanghai. The city is set to see the establishment of around 59 upcoming data centers, contributing to a total power capacity of 1,565 MW. The growing demand for data portability and security is fostering investments in renewable energy and sustainability to align with carbon neutrality goals by 2060.
The Internet data center market in China is projected to grow from $29.02 billion in 2022 to $34.03 billion by 2027, reflecting a CAGR of 2.69% from 2022 to 2028. The report highlights key investments in IT, infrastructure, and the establishment of national data center clusters and computing hubs, aimed at supporting the industry’s growth. Significant government initiatives, such as the East-to-West data computing strategy and a push for carbon neutrality by 2060, are also shaping the market landscape. Major players include Alibaba, Tencent, and Chindata Group, along with various global IT providers.
The global data center colocation market is projected to grow at a CAGR of 6.5% from 2021 to 2027, driven primarily by cloud service demand. The APAC region leads in investments, followed by North America and Western Europe. Notable operators in the market include Equinix, Digital Realty, and CyrusOne, many of which are focusing on sustainability through renewable energy initiatives. Significant investment opportunities arise as 5G deployment enhances edge data centers, and government incentives encourage growth. Challenges remain, including rising carbon emissions and security concerns.
The India data center construction market is set to grow at a CAGR of 15% from 2022 to 2028, reaching a market size of USD 3.46 billion by 2028 from USD 1.52 billion in 2022. Key drivers include increased cloud adoption, 5G deployment, and innovations in technologies like IoT and AI, fostering demand for data centers. By 2024, 80% of corporate banks in India are expected to utilize cloud technology. Major investments are expected from local and global companies, enhancing infrastructure across regions like Maharashtra and Tamil Nadu.