HONG KONG: Chinese data centre firm Zdata Technologies Co is seeking private debt of around US$500mil to fund a project in Malaysia, according to people familiar with the matter, adding to the wave of similar deals in Asia as the demand for digital infrastructure surges.
The company, whose clients include Alibaba Group Holdings Ltd, TikTok-owner ByteDance Ltd and Tencent Holdings Ltd, plans to use the proceeds for a data centre buildout in the southern Malaysian state of Johor, the people said, who asked not to be identified discussing private matters.
