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Data centers are crucial to the contemporary digital landscape, and China has seen a considerable increase in the number of data centers in recent years as one of the largest and fastest-growing technological marketplaces in the world. The foundation of the nation’s digital infrastructure, these facilities support a wide range of services and enterprises.
Data centers in China are first and foremost the backbone of the developing technology industry in the country. They contain the servers and storage equipment required to run cloud computing, e-commerce platforms, internet services, and other things. The emergence of businesses like Alibaba, Tencent, and Huawei has made China’s data centers crucial to the operation of these internet behemoths, allowing them to provide a wide range of services to millions of customers.
Furthermore, China’s data centers are essential to the nation’s government and national security objectives. These facilities house enormous volumes of information about defense, essential infrastructure, and surveillance. They assist machine learning and artificial intelligence (AI) applications, advancing fields including cybersecurity, driverless vehicles, and facial recognition.
In China, data centers play a function that goes beyond technology and security. They also assist the country’s expanding R&D initiatives, promoting innovation in industries including healthcare, banking, and energy. Data centers are essential for sustaining a flawless digital experience given the rapid rise of China’s middle class and their rising demand for online services. The backbone of China’s digital development are its data centers. They support its national security, fuel economic growth, and serve as the foundation for its technological innovation, making them crucial to the country’s goal of becoming a global technology leader.
The China Data Center Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In addition to establishing two new facilities outside of Beijing, CapitaLand is launching a new data center development fund with a focus on China. The establishment of CapitaLand China Data Centre Partners (CDCP), which would build two hyperscale data centers in Greater Beijing, was announced by CapitaLand Investment Limited (CLI). The two data centers will adhere to Leadership in Energy and Environmental Design (LEED) Gold standards in their planning, construction, and certification. They will have rooftop solar energy collecting systems, fan wall cooling systems, and waste heat recycling from servers to heat offices. Data centers present a huge opportunity and are a significant strategic focus for CLI as one of the asset classes in the new economy that is developing the fastest and providing essential digital infrastructure for the global economy. Its third data center development fund is CDCP.
