DCP, CPE make $300m China data center play
DCP Capital Partners and CPE – formerly CITIC Private Equity – have led a $300 million investment in Hotwon Group, a Chinese cloud computing infrastructure services provider.
The deal is essentially a proxy for the growth of China’s data center industry. DCP noted in a statement that the industry is likely to see annual growth of 30% over the next five years, driven by rising...
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