Equinix will invest $32 million to open its fifth International Business Exchange (IBX) data center in Hong Kong in the fourth quarter of 2017.
Business decision makers in Hong Kong are showing urgency in using the fourth Industrial Revolution. 66 percent business leaders recognize the need to transform to a digital business to enable future growth. Lack of ICT infrastructure is one of the major hurdles to digital transformation, according to a recent study by Microsoft.
The new data center called HK5 — located in the heart of Hong Kong’s financial data center nexus of Tseung Kwan O — will be providing interconnection to industries such as financial services and FinTech firms to drive innovation, remain competitive and grow business.
Equinix said HK5 has more than 48,000 square feet of colocation space. HK5 will add 1,200 cabinets to the footprint in the Hong Kong city after completion.
HK5 is connected to HK1, HK2 and HK3 via diverse path fiber connections, creating a digital campus that allows customers residing in HK5 to reap the benefits of other Equinix IBXs in the Hong Kong city. This also makes HK5 the ideal backup and/or expansion location for customers already deploying in other Equinix Hong Kong data centers.
HK5 employs green features including granular temperature monitoring, cold aisle containment and optimized lighting control to deliver energy efficiency. Equinix said the Hong Kong data center has a small environmental footprint, with an annual average PUE (power usage efficiency) as low as 1.45.
Equinix announced expansions in the rapidly growing Asia Pacific region targeting main cities such as Hong Kong, Melbourne, Singapore, Sydney and Tokyo.
With the addition of HK5, Equinix will have 30 IBX data centers in Asia-Pacific, and its total global footprint will cover more than 180 IBX data centers across 44 markets.
“With the data center expansion in Singapore and Sydney, and now the opening of HK5, Equinix continues to expand its presence across Asia-Pacific,” said Samuel Lee, president of Equinix Asia Pacific.
“Equinix has offered the premium services and scale required by the city’s enterprises, including the many financial services firms that make up our customer portfolio,” said Alex Tam, managing director of Equinix Hong Kong.