China: Project Forest

proposed

Potential equity investment of up to USD40 million in ZData as part of their Series C funding round. The equity injection will support ZData's capital expenditure plans, facilitating the expansion of its data center operations both within China and across Southeast Asia. ZData is a leading third-party data center developer and operator in China with capacity in service of 547MW (22 data centers) as of 2024, and over 1.0GW projected capacity to be in service by end of 2025. ZData is one of the few players in China capable of building, operating and maintaining hyperscale data centers, and owns four out of the only eight hyperscale data center parks each exceeding 500MW in frontier provinces (Inner Mongolia, Shanxi, Hebei and Ningxia).