Dongyang Sunshine Group has agreed to acquire Qinhuai Data for 28 billion CNY, enhancing its strategic presence in China's burgeoning digital economy.

Target Information

The target of this deal is Qinhuai Data, a leading operator of large-scale data centers in China. Established in 2020 and publicly listed on NASDAQ, Qinhuai Data has excelled in several key industry indicators, ranking first in intensive development, international layout, and green low-carbon initiatives, while second overall in scale. In December 2023, Bain Capital successfully acquired Qinhuai Data for approximately $3.2 billion, taking the company private.

Following the acquisition, Dongyang Sunshine Group, founded in 1997, will leverage its expertise in clean energy and liquid cooling technology to enhance Qinhuai Data's operational capacity, creating cost-efficient green energy solutions for its data center services and promoting synergies in technology and product offerings.

Industry Overview in China

China's digital economy is experiencing significant growth, characterized by an increased reliance on data-driven technology to enhance productivity and resource allocation. Key technologies shaping this landscape include big data,