BEIJING, Jan. 16 (Xinhua) -- China's CITIC Construction, Japanese trading house ITOCHU and a Chinese financial institution, Monday signed a memorandum in Beijing to set up an investment fund for infrastructure assets of the data centers in China.
The fund, with a goal of raising 500 million U.S. dollars in the first round and three billion U.S. dollars eventually, will specifically invest in data center infrastructure assets including land, real estate, mechanical and electrical equipment, refrigeration systems and others and lease data center facilities to the licensed data center operators.
ITOCHU will also offer design consultation to infrastructure assets invested by the fund in cooperation with Japanese telecommunications operator KDDI.
Tomofumi Yoshida, president of ITOCHU, noted that data centers will be indispensable with the rapid development of ICT industry as well as advanced technologies, including AI, IoT and big data, hence the fund. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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