Chinese cloud-computing infrastructure operator Beijing Qinhuai Technology (秦淮数据) has obtained USD$570 billion in funding from Boston-based Bain Capital.
According to domestic observers the deal is the single biggest investment ever made in a Chinese data centre.
Beijing Qinhuai focuses on “information technology infrastructure ecosystem planning, design, investment, construction, monitoring and operation,” and provides “full-ecosystem chain services” encompassing data centres, internet services and IT value-added operations.
The company was first established in August 2015, and has since rapidly established a presence in the first-tier cities of Beijing, Shanghai and Shenzhen.
Bain Capital has over two decades of investment experience in China with over 20 investments worth around USD$2 billion, in companies including GOME Electrical Appliances, Sunac, Uniview and Rise Center.