智升集团（8370.HK）进军东南亚市场 泰国数据中心项目获战略资本加持

Core Insights - The global digital economy is driving the growth of data centers, which are essential for AI, cloud computing, and big data applications [1] - Zhisheng Group Holdings Limited is transitioning to a data center service provider and expanding into Southeast Asia, starting with Thailand [1][2] - The Thai data center market is experiencing significant investment and growth, supported by government initiatives and the entry of international tech giants [2] Company Developments - Zhisheng Group has acquired approximately 140,000 square meters of land in Rayong, Thailand, for the construction of a large data center [3] - The company raised approximately HKD 120 million through a special shareholder meeting to fund land acquisition and project development [3] - Strategic partnerships with influential local stakeholders, such as the Charoen Pokphand Group, enhance the company's operational capabilities in Thailand [3][4] Market Potential - The global AI data center market is projected to grow from USD 17.73 billion in 2025 to USD 936 billion by 2032, with a compound annual growth rate (CAGR) of 26.8% [2] - Thailand is positioned as a key player in Southeast Asia's data center development, driven by the Thailand 4.0 initiative and increasing demand for cloud services [2] Leadership and Strategy - CEO Lai Ningning has been instrumental in the company's transformation and international expansion since taking office in December 2024 [5] - The company is leveraging its strengths in land, capital, and connections to capitalize on opportunities in the Thai data center market [5] - Zhisheng Group aims to transition from traditional furniture manufacturing to becoming a significant player in the data center and digital infrastructure sectors [5] Company Background - Zhisheng Group primarily engages in furniture manufacturing and sales, with a focus on the domestic Chinese market [6] - The company began its data center operations in China in 2020 and has since expanded its business model to include data center construction management [6]