Real Estate Firm Plans Giant China Data Centre

China is a promising cloud market, growing at 50 percent a year, according to the Research Center of Zero2IPO Group, and estimated to reach 13.669bn CNY by the end of 2015. That is creating opportunities for different kinds of company.

Apart from the three state-owned telecommunication players – China Mobile, China Telecom and China Unicom – large internet service providers such as Baidu, Tencent and Alibaba, and third party service providers like GDS and 21 Vianet, China’s cloud market is now having a new entrant from a totally different background.

Raycom Real Estate, a property developer with both commercial and residential sites, is now building a large cloud data center in Northeast China.The cloud data center will mainly provide cloud hosting services to large public cloud providers, large internet companies, financial companies, government bodies, among others.

When the cloud concept first appeared, there was some speculation, as some companies may buy land of large size for building cloud data centers, which may result in supply exceeding demand for a short time. However, from a long-term perspective, with the rapid development of the mobile internet, progress of the whole IT industry, and the increasing maturity of the market, data center construction will still lag behind the development of the IT industry,” he added.


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