Tue, Apr 14, 2015 - Page 13 News List

Hon Hai eyes stake in China GBDEx

Staff writer, with CNA

Hon Hai Group (鴻海集團) is poised to become a stakeholder in China’s first big data exchange operation, which is expected to be launched soon, Chinese media reports said.

Hon Hai is expected to hold a 21.5 percent stake in the Global Big Data Exchange (GBDEx), which will be established in Guiyang, Guizhou Province, with registered capital of 50 million yuan (US$8.05 million)

The exchange is to provide data cleaning, modeling, platform development and other services.

Trading of big data services on the exchange will be conducted electronically, matching clients’ requests with offers.

Other shareholders include a range of Chinese providers of big data and mobile financial services, the Guiyang City Government and technology firms, the reports said.

They also said that Hon Hai chairman Terry Gou (郭台銘) is likely to attend Guiyang’s Big Data Expo late next month, an event that is expected to attract global giants such as Google Inc, Alibaba Group Holding Ltd (阿里巴巴), Hewlett-Packard Co, Dell Inc and Intel Corp.

The Guiyang City Government has been ramping up its efforts to develop the city as a base for China’s big data industries, signing 138 development deals totaling 132.61 billion yuan last year, the reports said. An additional 61 investment deals valued at 50.64 billion yuan are set to be finalized before 2017, they said.

Hon Hai investments in Guiyang include joint construction of technology and science parks for cloud computing and semiconductor production, and research centers for nanotechnology.

A data center in Guizhou Province built by Hon Hai uses the region’s geological features to achieve energy-efficient cooling and is known as the green tunnel.

The company has also secured agreements with the local governments in Guizhou and Guiyang to develop new applications for cloud and mobile computation technologies across the province in collaboration with Alibaba and 21Vianet Group Inc (世紀互聯數據中心).

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