Supporting digital edge and business continuity strategies with additional capacity and geographical diversity
HONG KONG – May 29, 2019 – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it is expanding two of its International Business Exchange™ (IBX®) data centers in Hong Kong with a total investment of US$77 million (approximately HK$604 million). Following the expansions, Equinix will have distributed facilities across the Western, Eastern and Northern parts of Hong Kong, supporting the digital edge and business continuity strategies of enterprises.
The robust network infrastructure, reliable energy supply, safety from natural disasters and geographical proximity to mainland China continue to drive demand for data centers in Hong Kong. In addition, the city’s thriving financial services industry is increasingly demanding data center services due to stringent industry requirements around security and resilience.
According to the second annual Global Interconnection Index (the "GXI"), a market study published by Equinix that analyzes traffic exchange globally, Hong Kong is expected to see the fastest Interconnection Bandwidth growth in Asia-Pacific, growing at a 55% compound annual growth rate (CAGR) by 2021. The Banking & Insurance industry is even anticipated to experience solid growth in Interconnection Bandwidth at 79% CAGR in the same time period.
Shenzhen iAppPay Information Technology Co., Ltd. (iAppPay), a mainland China-based payments company which provides payment solutions for over 260 million end users and businesses, including WeChat Pay, Alipay, UnionPay, VISA and Mastercard, has chosen Equinix IBX data centers in Hong Kong to support the growth of cross-border payments driven by Chinese outbound travelers.
“Processing digital transactions has become more and more complex and dynamic with hundreds of thousands of new banking products and payment technology. Platform Equinix allows us to interconnect with our partners, service providers and customers via secure and high-performance direct connections. Equinix’s unique payment ecosystem truly supports our global business expansion and removes all the complexity facing our company.”
“Hong Kong is a key gateway to mainland China and home to many headquarters of global corporations. This generates substantial demand for secure data center services to support business expansion in the region. By establishing distributed digital edge control points within Equinix colocation data centers, companies which are focused on growth - like iAppPay - can accelerate and scale their digital transformation, integrate and control business processes, and better fortify their digital assets with a high-speed and low-latency interconnection.”
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.hk
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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