…astructure space with about 1.4 gigawatts of new data centre supply coming online in the next five years. The additional rack space will transform the country into a 2 gigawatt data centre market within five years and put it on par with the current capacity in China, Dahiya said. “There is a lot of action happening. In all the other emerging economies, these countries are just catching up on digital infrastructure, this is the way economies would…
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Evergrande Transfers Cash to Avoid Bond Default and More Asia Real Estate Headlines
…ys Off Stake as Mainland Housing Market Slows Ke Holdings, China’s biggest online property agency, also known as Beike Zhaofang, has started laying off staff across the country as the housing sector slides into the doldrums. A former Beike employee in Chengdu, who chose only to give her last name, Xue, told the Post her manager started to summon her team members one by one in July to talk about the difficulties faced by the company and the wider i…
Mainland Court Sells Evergrande Stake in Shengjing Bank for $1.1B
…ut a set of principles for repayment, including using equity in its property services and electric vehicle units to repay bondholders. Evergrande’s plight took on fresh urgency in June when the developer was hit with a winding-up petition filed by an investor in the group’s Fangchebao online platform. A company called Top Shine Global Limited asked the high court of Hong Kong to order the liquidation of Evergrande for not honouring a repurchase ag…