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Blackstone to invest $150M in 21 Vianet

Blackstone has agreed to invest $150M in 21 Vianet, a Chinese internet data services provider.

As a result of this investment, Blackstone will become one of the company’s largest institutional stockholders.

The Blackstone investment in 21 Viantes will:

  • Further strengthen the balance sheet of 21 Vianet
  • Support rapid growth in enterprise data center and wholesale markets, and
  • Reinforce its position in China’s hyper growth data center market

Source: 21Vianet

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