本次参与并购的投资集团名为人工智能基础设施合作伙伴关系（AIP），除贝莱德、英伟达外，还包括 xAI、微软等，资金规模有望达1000亿美元，本次400亿美元收购Aligned是其成立后首笔交易。 这一事件传递出几个明确且强烈的信号： 首先，数据中心已成为AI时代不可或缺的基础设施。随着AI大模型和各类应用的爆发式增长，对计算 能力的需求已远超现有容量。高盛研究预测，到2030年，全球数据中心的电力需求将比2023年增长高达 165%。这种快速增长的需求，为数据中心带来了类似公用事业的稳定且可预见的需求以及随之而来的 稳定现金流，使其成为长线资本的理想配置标的。 其次，专业化、规模化运营成为行业主流。贝莱德首席执行官拉里·芬克在采访中明确表示，该数据中 心合作伙伴关系计划建造高度专业化的数据中心并租赁给大型科技公司，而非由客户自建，这种模式能 帮助科技巨头实现"轻资产"运营，将数据中心从其资产负债表中剥离，从而获得更高的估值。这预示 着，未来数据中心行业将由具备强大资本运作、技术整合和高效运营能力的专业玩家主导。 最后，产业协同成为破局关键。本次收购财团的构成极具深意，不仅有贝莱德、淡马锡等顶级投资机 构，还有 ...

Group 1 - Alibaba Group is actively advancing its AI infrastructure construction with an investment of 380 billion yuan and plans for larger investments [1] - The competition among technology companies in AI infrastructure is intensifying, benefiting the development of related industries such as data center construction, chip manufacturing, and software development [1] - The proportion of intelligent computing power in China's total computing power is expected to increase from 3% in 2016 to 35% by 2025 [1] Group 2 - The investment scale of China's intelligent computing center market is expected to reach 288.6 billion yuan by 2028 [2] - Beijing Qinhuai Data Co., Ltd. plans to invest 24 billion yuan to build three zero-carbon super-large intelligent computing parks in Zhongwei City, with a total capacity of 1.2 GW [3] - Unisplendour Corporation is expanding its intelligent computing center construction and has established strategic cooperation with several provinces, with seven Turing Towns currently built or under construction [4] Group 3 - Unisplendour has launched a high-density liquid cooling cabinet solution that supports 64 high-performance AI accelerator cards or thousand-core CPUs, meeting the stringent energy consumption requirements of high-computing clusters [4]

Core Insights - The transaction marks a deepening phase of capital consolidation in the data center industry, shifting the merger logic towards a comprehensive assessment of location value, customer stickiness, and energy efficiency levels, indicating a compression of survival space for small and medium-sized players and an acceleration of industry concentration [1] - This is the largest merger transaction in China's data center industry to date, injecting scarce resources into the company and providing strong new momentum for development during the critical phase of the AI and energy revolutions [2][5] - The merger will create resource complementarity and strategic synergy in the green low-carbon field, driving the construction of a new "computing and electricity synergy" model, defining a new paradigm for sustainable industry development [2] Industry Development - China's digital economy has entered a high-quality development stage, with the data center and supporting industries as core computing infrastructure, showing a continuously expanding market demand and broad growth prospects [4] - The supporting industries for data centers, such as liquid cooling and AI chips, are rapidly developing and becoming the main drivers of growth, supported by a series of policies encouraging the application of technologies like liquid cooling [4] - The National Development and Reform Commission and other departments have issued the "Special Action Plan for the Green and Low-Carbon Development of Data Centers," promoting efficient cooling technologies to improve the utilization rate of natural cooling sources [4] Strategic Collaboration - The collaboration aims to build a digital infrastructure ecosystem that integrates green electricity, hardware, technology, computing power, artificial intelligence, and operations, establishing a large-scale green intelligent computing power center [3] - The integration of resources in liquid cooling materials, AIDC, and clean energy will enhance the efficiency of computing power infrastructure [3][6] - The company is initiating the establishment of industry standards for the lifecycle quality control of cold plate liquid cooling systems, accelerating the standardization and normalization process in the industry [6]

报道 I 投资界PEdaily 投 资 界 消 息 ， 9 月 10 日 晚 ， 贝 恩 资 本 宣 布 旗 下 数 据 中 心 投 资 组 合 公 司 Wi nTriX DC Gr o u p，已与深圳市东阳光实业发展有限公司（简称"东阳光集团"）牵头的银团达成协 字节为最大客户。 280亿并购诞生 PE漂亮退出 根据公告，这笔交易分为三部分——首先，上市公司东阳光及其控股股东深圳东阳光实业 分别与东数一号签署《增资协议》，拟对其增资35亿元、4 0亿元；增资完成后，分别持 有东数一号46 .67%、5 3. 3 3%的股权。 第二步，东数一号将上述资金注入全资子公司上海东创未来数据有限责任公司（下称"东 创未来"）。与此同时，东创未来已与银团签署并购贷款合同。 最后，东创未来拟将出资款及相关贷款出资至其全资子公司东数三号，由东数三号作为最 终交易主体收购秦淮数据中国10 0%股权。 作者 I 王露 杨继云 议，出售其中国业务（即"秦淮数据"）的全部股权。 4 0亿美元，约28 0亿人民币，一举成为中国数据中心迄今规模最大的并购交易。 复盘下来， 贝恩资本的一系列运作令人印象深刻：六年前 以约1 0亿元 收 ...

Group 1 - Larry Ellison briefly surpassed Elon Musk to become the world's richest person with a net worth of $393 billion, before Musk reclaimed the title by the end of the trading day [1] - Oracle's stock price fluctuated significantly, impacting Ellison's net worth and the overall billionaire rankings [1] Group 2 - Dongyangguang announced a significant acquisition plan involving a total investment of 35 billion yuan and 40 billion yuan to increase its stake in Dongshu Yihua [3] - The acquisition will facilitate the purchase of 100% equity in Qinhuai Data for 28 billion yuan through its subsidiary [3] Group 3 - ST Huayang faced penalties for disclosure violations, with fines totaling 7.5 million yuan for the chairman and 2 million yuan for the secretary [5] - The company failed to disclose non-operational fund occupation by its controlling shareholder, amounting to 182 million yuan, and inflated profits in annual reports for 2021 and 2022 [5] Group 4 - The National Development and Reform Commission emphasized the need for new policy financial tools to stimulate investment and consumption [7] - Measures to enhance market vitality and support infrastructure projects were highlighted, including the promotion of major nuclear power projects [7] Group 5 - A meeting was held by the Ministry of Industry and Information Technology with major companies to discuss the "14th Five-Year Plan" and address challenges in industrial development [9][10] - Key topics included enhancing core technology, improving supply chain resilience, and promoting overseas expansion [10] Group 6 - Shun'an Environment plans to invest 5 billion yuan in a smart manufacturing headquarters project, which will be executed in two phases [15] - The project aims to develop core components for refrigeration and thermal management in electric vehicles [15] Group 7 - BYD executives purchased over 50 million yuan worth of shares, indicating confidence in the company's future [16] - A total of 48.82 million shares were acquired by senior management and core personnel during the specified period [16] Group 8 - Tianpu Co. experienced a significant stock price increase of 185.29% over a period of 11 consecutive trading days, leading to a halt for investigation [18] - The company warned investors about potential risks associated with rapid price fluctuations and high valuation metrics [18] Group 9 - Shoukai Co. is seeking perpetual bond financing of up to 3 billion yuan to address its short-term debt of 18.57 billion yuan [20] - The financing will not fully cover the company's upcoming debt obligations [20] Group 10 - NIO announced plans to issue 181.8 million Class A ordinary shares to fund core technology development for smart electric vehicles [21] - The proceeds will also support the expansion of battery swapping and charging networks [21] Group 11 - Baiyin Nonferrous received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [25] - The company is now under formal investigation [25] Group 12 - Goldwind Technology signed an investment agreement worth 18.92 billion yuan for a wind power hydrogen project in Inner Mongolia [27] - The project aims to produce green hydrogen and methanol, with a significant portion of electricity generated for this purpose [27] Group 13 - Dajin Heavy Industry secured a long-term manufacturing order worth 1.25 billion yuan for offshore wind power structures [28] - The agreement includes a commitment for up to 400,000 tons of manufacturing capacity through 2030 [28] Group 14 - Zhujiang Co. plans to sell several stock assets, expecting gains to exceed 50% of last year's net profit [29] - The sale includes shares in various companies, with the timing and specifics still uncertain [29]

Group 1 - Dongyangguang announced a capital increase of 35 billion and 40 billion yuan for Dongshu Yihua, resulting in ownership stakes of 46.6654% and 53.3332% respectively after the increase [1] - Dongshu Yihua plans to invest the raised funds into its wholly-owned subsidiary, Shanghai Dongchuang Future Data Co., which will further invest in Dongshu Sanhao for the acquisition of 100% equity of Qinhuai Data China for 28 billion yuan [1] - After the completion of these transactions, Dongyangguang will become a shareholder of Dongshu Yihua, indirectly holding a portion of Qinhuai Data China's equity [1] Group 2 - Qinhuai Data is recognized as a leading player in the computing power sector, ranking first in three major indices: intensive development, international layout, and green low-carbon [5] - As of May 2023, Qinhuai Data's total assets were 21.871 billion yuan, with net assets of 9.504 billion yuan, and projected revenue of 6.048 billion yuan and net profit of 1.309 billion yuan for 2024 [6][7] - The acquisition of Qinhuai Data's assets is seen as a strategic move for Dongyangguang to quickly enter the data center field, enhancing its long-term competitiveness and investment value [7] Group 3 - The acquisition is part of a broader strategy to align with the national "East Data West Calculation" initiative, aiming to build a unified national computing power network [7] - Dongyangguang's technological capabilities in liquid cooling materials and supercapacitors provide a unique advantage in delivering core solutions for high-density AI computing scenarios [6] - The competitive bidding for Qinhuai Data's assets reflects strong market recognition of its value and the prospects of the national computing power strategy [5]

Core Insights - The company, Dongyangguang, announced a joint capital increase in Yichang Dongshu No.1 Investment Co., Ltd. with its affiliate Shenzhen Dongyangguang Industrial Development Co., Ltd., with capital contributions of 3.5 billion yuan and 4 billion yuan respectively [1] - Yichang Dongshu No.1, through its wholly-owned subsidiary Yichang Dongshu No.3 Investment Co., Ltd., plans to acquire 100% equity of Qinhuai Data's China business entity for a transaction price of 28 billion yuan [1] - Upon completion of this transaction, the company will become a shareholder of Dongshu No.1 and indirectly hold equity in Qinhuai Data's China operations [1]

东阳光公告，公司与关联方深圳市东阳光实业发展有限公司拟共同增资宜昌东数一号投资有限责任公 司，增资金额分别为35亿元、40亿元。同时，东数一号通过全资孙公司宜昌东数三号投资有限责任公司 拟收购秦淮数据中国区业务经营主体100%股权，交易作价为人民币280亿元。本次交易完成后，公司成 为东数一号的参股股东，间接持有秦淮数据中国参股股权。 ...

Core Insights - The 2025 Fortune China Top 50 Technology Companies list has been released, with Beijing companies occupying 10 spots, leading the nation in representation [1] - The list evaluates technology companies rooted in China with global influence across multiple dimensions, including technological innovation, market performance, and commercial viability [1] Company Highlights - The companies from Beijing on the list include ByteDance, BOE Technology Group, Leyard, China Seed Group, Lenovo Group, DPU Technology, Qinhuai Data, Zhongguancun Science and Technology Finance, Bosc Quantum, and Digital China [1] - ByteDance is recognized for its powerful algorithms and data processing capabilities, while Lenovo is noted for its innovations in personal computers, smart devices, and data center solutions [1] - BOE Technology Group is a leading IoT innovation company providing smart terminal products and professional services for information interaction and the health industry [1] - Zhongguancun Science and Technology Finance's vertical large model has served over 2,000 leading industry enterprises, including 50% of China's top 100 banks and 70% of provincial and municipal public security agencies [1] Industry Position - The report indicates that industry leaders are emerging in cutting-edge fields such as artificial intelligence, the internet, smart manufacturing, and biomedicine, highlighting Beijing's core position in the national technology industry landscape [1] - According to the "China Urban Science and Technology Innovation Development Report (2025)," Beijing, Shanghai, and Shenzhen lead the 2024 China Urban Science and Technology Innovation Development Index ranking, with Beijing maintaining its top position for several consecutive years [2]

Core Insights - The 2025 Fortune China Tech 50 list was released, with Beijing companies occupying 10 spots, ranking first among all cities [1] - The list focuses on technology companies rooted in China with global influence, evaluated on multiple dimensions including technological innovation, market performance, and commercial viability [1] - Leading companies in cutting-edge fields such as artificial intelligence, internet, smart manufacturing, and biomedicine are emerging from Beijing, highlighting the city's core position in the national tech industry landscape [1] Company Highlights - The Beijing companies on the list include China Seed Group, Lenovo Group, BOE Technology Group, ByteDance, DPU Technology, Leyard, Qinhuai Data, Zhongguancun KJ, Bosc Quantum, and Digital China [1] - ByteDance is recognized for its powerful algorithms and data processing capabilities, while Lenovo is noted for its innovations in personal computers, smart devices, and data center solutions [1] - BOE Technology Group is a leading IoT innovation company providing smart interface products and professional services for information interaction and human health [1] Industry Performance - Zhongguancun KJ, representing Beijing's innovative enterprises, has provided services to over 2,000 leading industry companies, including 50% of China's top 100 banks and 70% of provincial and municipal public security agencies [2] - According to IDC's report on the Chinese intelligent customer service market share (2024), Zhongguancun KJ ranks fourth in the intelligent customer service sector and first among vertical model vendors [2] - Beijing, Shanghai, and Shenzhen lead the 2024 Chinese city technology innovation development index, with Beijing maintaining its top position for several consecutive years [2]