Equinix, Inc. (Nasdaq: EQIX), a widely utilized interconnection and data center company across a number of global investment nexuses, has revealed plans to expand its footprint in Hong Kong, according to an Equinix statement.
The new ambitions include an investment of over $40 million to build the third phase of its second International Business Exchange (IBX) data center, tapped HK2. In addition, the latest investment round will also fortify its first data center HK1.
Equinix’s desire to bolster its capabilities in Hong Kong represent a bid to satiate a growing demand from cloud and content and digital media (CDM) companies opting for robust data centers and interconnection services in Hong Kong.
Separating Yourself From the Pack in a Mature FX IndustryGo to article >>
This is also the group’s latest attempt to increase its scope in the Asia-Pacific (APAC) region – back in March, Equinix launched its third installment of its International Business Exchange (IBX) data center, colloquially known as SG3, which is centered strategically in Singapore.
According to Alex Tam, Managing Director, Equinix Hong Kong, in a recent statement on the expansion, “With the strong momentum of cloud and content companies deploying in Hong Kong, as well as data center services demand from worldwide customers including many in China, it was a clear strategic business decision to expand our presence in Hong Kong. The investment in HK1 and HK2 further positions Hong Kong as an important regional hub, not only for financial services firms but for cloud and content companies as well.”
“With our deployment in Equinix’s IBX data center in Hong Kong, we’ve been able to connect with thousands of companies and tap into new business opportunities across various industries, ranging from enterprises to service providers. It has also enabled us to quickly and efficiently scale our services, providing telecommunication services to customers throughout Asia-Pacific and the Middle East,” added Jesse Shang, Senior Vice President, China Unicom Hong Kong, in an accompanying statement.