Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Data centre operator Equinix plans $2B sale of Hong Kong stake
    Equinix-7-24
    Equinix-7-24
    Data Centres

    Data centre operator Equinix plans $2B sale of Hong Kong stake

    By j.zhang@btw.mediaJuly 24, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Equinix is considering selling a 25% stake in its Hong Kong data centres, valued at $2 billion, to capitalise on the surge in AI-driven demand.
    • Despite the potential sale, Equinix remains committed to its Hong Kong operations.

    OUR TAKE
    Equinix’s potential sale of a minority stake in its Hong Kong data centres, valued at $2 billion, reflects a strategic move to capitalise on AI-driven demand for digital infrastructure. This sale aims to unlock capital for further expansion and highlights global investor interest in Asia’s burgeoning tech market.
    –Jasmine Zhang, BTW reporter

    What happened

    Global data centre operator Equinix is considering selling a 25% stake in its Hong Kong facilities, valuing the assets at approximately $2 billion, according to sources familiar with the matter. This move aims to capitalise on the growing demand driven by AI. Equinix, headquartered in California, has enlisted Citigroup to manage the sale.

    Despite this potential sale, a spokesperson affirmed Equinix’s commitment to its Hong Kong operations, emphasising its importance as a key interconnection hub. This strategy aligns with a broader trend of increasing investments in data centres in Asia, spurred by the AI boom.

    Equinix operates five data centres in Hong Kong and 260 globally, partnering with major tech companies like Amazon Web Services and Google Cloud. In 2023, Equinix reported a net income of $969 million, up from $704.6 million the previous year, with revenue rising to $8.2 billion from $7.3 billion.

    Also read: Virgin Media’s $12.7M program launches fibre routes to Equinix’s Manchester data centre

    Also read: Equinix and Private AI: Safeguard data, maximise control

    Why it’s important

    Equinix’s potential sale of a minority stake in its Hong Kong data centres is a strategic maneuver worth watching. The surge in AI demand is reshaping the data centre landscape, and Equinix is seizing the moment to capitalise on this boom. By offloading a 25% stake, Equinix can unlock capital for further expansion while retaining control over its operations in a key interconnection hub.

    This sale also underscores the increasing interest of global investors in Asia’s digital infrastructure, driven by AI’s insatiable appetite for data processing power. As Equinix navigates this sale, it remains to be seen how this infusion of capital will bolster its competitive edge and innovation capacity in the rapidly evolving tech ecosystem.

    For Equinix, this could mean enhanced capabilities, new technological advancements, and bolstered market positioning. Post-sale, we can anticipate a reinvigorated push towards expanding their footprint in Asia-Pacific, aligning with the global trajectory of increased data consumption and digital transformation.

    AI technology Equinix Hong Kong stock market
    j.zhang@btw.media

    Jasmine Zhang is an intern reporter at Blue Tech Wave specialising in AI and Fintech. She graduated from Kunming University of Science and Technology. Send tips to j.zhang@btw.media.

    Related Posts

    PTC DC 2025 brings industry leaders together in Washington

    September 8, 2025

    JetBlue boosts Free inflight Wi-Fi with Amazon Kuiper

    September 8, 2025

    Khazna data centre financing secures $2.62bn for expansion

    September 8, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.