As the holiday week approaches, we have an interesting inorganic move in the data center space. EdgeConneX announced this morning that it has made a strategic investment in Chayora.
Chayora has spent the last few years building true hyperscale data center infrastructure in mainland China. They started in the Tianjin/Beijing region and most recently have moved on to take on Shanghai. We had Chaora’s Oliver Jones here three years ago for a spotlight. In all they have as much as 200MW potentially available in those two markets, and more importantly all the relevant licenses and relationships to act as a bridge between the international hyperscale community and the vast Chinese marketplace.
So for EdgeConnex, the benefits are obvious in that they gain the ability to serve the edge in mainland China, which will complement their JV foothold in India as well as their US depth and growing European and South American footprint. They move in alongside Actis, which remains Chayora’s majority investor. The deal also gives EQT an indirect stake in Chayora of course, since they bought EdgeConneX last year.
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