Shanghai and Singapore, 26 August 2025 – GLP Pte Ltd (“GLP”), a leading global thematic business builder, investor and investment manager, today announced the signing of a landmark strategic partnership agreement with Zhejiang government-affiliated entities, who will invest a total of RMB 2.5 billion into GLP’s China data center business.
The partnership involves Ouzhou Industrial Holding Group, a state-owned enterprise based in Zhejiang Province, who will become a strategic shareholder of GLP’s China data center business.
The transaction builds on the strategic alignment reached in April between Governor Liu Jie of Zhejiang Province and GLP Co-Founder & CEO Ming Z. Mei to deepen collaboration on industries of the future. This marks the first milestone in a comprehensive partnership that both parties are jointly developing.
The RMB 2.5 billion investment will enable GLP to scale data center operations across the country. Established in 2018 to develop and operate data center facilities across China, the company’s portfolio includes 20 data centers totaling 1.4 GW of secured IT capacity across various stages of development and operation, providing essential infrastructure for cloud computing, artificial intelligence and digital services.
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