Blackstone funds invest USD150m in 21Vianet

21Vianet, a provider of carrier- and cloud-neutral Internet data center services, announced that it has recently secured 150 million US dollars investment from funds managed by Blackstone, one of the world’s leading investment firms. With this investment, Blackstone becomes one of the company’s largest institutional investors.

21Vianet, a provider of carrier- and cloud-neutral Internet data center services, announced that it has recently secured 150 million US dollars investment from funds managed by Blackstone, one of the world’s leading investment firms. With this investment, Blackstone becomes one of the company’s largest institutional investors.

This investment marks an in-depth cooperation between 21Vianet and Blackstone in the field of IDC, which will help 21Vianet to further rapidly expand its business to meet the various needs of resources, technologies and platforms in the digital transformation of more enterprises.

Josh Chen, Founder and Executive Chairman, 21Vianet said: “We are delighted to welcome Blackstone, one of the world’s leading investment firms, to partner with us to fuel our next phase of growth. This investment is a valuable vote of confidence in the strategy being pursued by our team.

Blackstone’s experience, connections and knowledge of the data center sector globally will help us embrace new infrastructure and digital transformation opportunities to better serve our customers.”

“We look forward to building a long and stable relationship with 21Vianet through Blackstone’s experience in the global IDC sector,” said Mike Shang, Managing Director, Tactical Opportunities, Blackstone.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/24/blackstone-funds-invest-usd150m-in-21vianet/.

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