Chinese data center firm Zdata Technologies Co. is seeking private debt of around $500 million to fund a project in Malaysia, according to people familiar with the matter, adding to the wave of similar deals in Asia as the demand for digital infrastructure surges.
The company, whose clients include Alibaba Group Holdings Ltd., TikTok-owner ByteDance Ltd. and Tencent Holdings Ltd., plans to use the proceeds for a data center buildout in the southern Malaysian state of Johor, the people said, who asked not to be identified discussing private matters. The deal’s tenor could be around two to three ...
