Bain Capital announces the sale of Qinhuai Data China to a consortium led by Shenzhen Dongyangguang Industrial Development for CNY 28 billion, marking the largest transaction in China's data center sector to date.

Information on the Target

Qinhuai Data China, part of the Qinhuai Data Group, is a leading neutral third-party operator of large-scale computing infrastructure solutions in the Asia-Pacific emerging markets. They specialize in large-scale customized data centers, holding the top market position in this sector. As a key player in the national 'East Data West Computing' initiative, Qinhuai Data is dedicated to establishing a cohesive national computing network, operating high-density IT cluster infrastructures across vital economic regions including the Beijing-Tianjin-Hebei, Yangtze River Delta, and Greater Bay Area. This strategic positioning has made them an essential engine for regional digital economic development.

Industry Overview in China

The data center industry in China has been experiencing rapid growth due to the increasing demand for cloud computing, big data analytics, and internet services. Forming the backbone of the digital economy, this sector is supported by government policies encouraging technological advancements and infrastructure development. As digital transformation accelerates, companies are investing heavily in data center capabilities to meet evolving consumer demands.

China's data center market is characterized by significant investment from both domestic and foreign private equity firms. The growing trend of remote work and the surge in online services, especially post-pandemic, have further propelled the n