CHINA-US: US INVESTMENT COMPANY BLACKSTONE INVESTS US$ 250 MILLION IN DATA CENTRE DEVELOPER VNET GROUP
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Mingtiandi, an Asia Real Estate publication, on February 2 announced that Blackstone will invest a further
$250 million in Beijing-based data centre developer VNET Group, as the US private equity giant looks to
jump-start a bet that has suffered in the wake of China’s crackdown on domestic firms listing on American
exchanges. Blackstone is led by billionaire co-founder and Chairman Stephen Schwarzman.
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