International equity firm Princeton Digital Group, or PDG, plans to sell off its Chinese data center assets for as much as $1 billion amid China's political and regulatory pressures, Financial Times reported Friday, citing sources.
Foreign investors are struggling to own critical digital infrastructure in China due to the government's strict cyber security and data protection regime, according to the report.
Investors are shifting their focus on other international markets as the demand for artificial intelligence grows globally, FT reported.
Other investors have already disposed of their Chinese data center assets. Bain offloaded its assets to a Shenzhen Dongyangguang Industry-led consortium for $4 billion in 2025, while keeping the non-China operations of Bridge Data Centers. Meanwhile, Carlyle gradually reduced its exposure to Chinese digital infrastructure company VNET Group until Contemporary Amperex Technology (SHE:300750, HKG:3750) eventually bought the assets, the report said.
PDG did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Comments