Morgan Stanley Asia, Nanshan Group lead $3.7b round in Chinese data centre operator

Morgan Stanley Asia, Nanshan Group lead $3.7b round in Chinese data centre operator

Photo by Jordan Harrison on Unsplash

Tenglong Holdings Group, an internet data centre (IDC) operator in China, has raised 26 billion yuan ($3.7 billion) in a Series A round of financing led by Morgan Stanley Asia Limited and Chinese state-owned conglomerate Nanshan Group.