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Colt DCS boosts German expansion by 117MW, acquiring land and securing power supply contracts for new sites in Frankfurt and Berlin

LONDON, April 8, 2025 /PRNewswire/ — Colt Data Centre Services (Colt DCS), a leading global provider of hyperscale and large enterprise data centre solutions, has announced plans to develop four new data centres in Germany.

 

 

The four facilities will consist of Frankfurt 4 & 5 and Berlin 1 & 2. The two Frankfurt data centres will be built on an 18-acre site and provide a combined 63MW, while the Berlin data centres will be constructed on a 9.5-acre site and provide a total 54MW of IT capacity. Colt DCS is targeting first phase RFS (ready for service) at Frankfurt 4 and Berlin 1 by the end of 2028, with renewable power contracts already secured. The new data centres will add 117MW to Colt DCS’ capacity in Germany, bringing its total in-country capacity to 176MW.

The acquisitions in Frankfurt and Berlin, reinforce Colt DCS’ commitment to digital infrastructure in Germany, and represents a €2 billion investment in its economy.

The move strengthens Colt DCS’ position in the Frankfurt market, which continues to be one of Europe’s leading data centre hubs. Berlin has emerged as a secondary market, driven by Germany’s digital transformation and increasing demand for cloud and AI services. 

The new facilities will be designed to Colt DCS’ Global Reference Design (GRD) which can cater for both traditional cloud and high-performance computing (HPC) workloads, powering racks up to 130kW. To accommodate this, the design flexibly supports cooling by traditional air, direct liquid-to-chip and hybrid approaches.

Each data centre will also be constructed in line with Environmental and Sustainability policies using several low embodied carbon principles. This includes the installation of low Global Warming Potential (GWP) cooling chillers, reducing water waste for cooling, and building the structure with minimal steel and concrete usage. 

Waste heat from all sites will be reused by the local councils for district heating. A fifth of the site areas will be reserved as green space, and the building roofs will feature a mixture of photovoltaic solar panels and planted vegetation.

Gert-Uwe Mende, Lord Mayor of Wiesbaden, said: “Wiesbaden is an attractive business location, and artificial intelligence is an absolutely future-oriented topic. I am therefore very pleased that Colt DCS has chosen the Landeshauptstadt (capital of the state of Hessen) as the site for its new data centre”.

Niclas Sanfridsson, CEO of Colt DCS, said: “The continued growth in digital services has created strong demand for hyperscale data centres in Germany. Our acquisitions in Frankfurt and Berlin are a testament to our commitment to Europe’s largest economy. We are proud to contribute to the growth of the local community and remain a trusted partner for our customers worldwide. These new sites will not only enhance our capacity to serve the increasing needs of cloud and AI workloads but also reinforce our dedication to sustainability and innovation in the data centre industry.”

About Colt DCS

We design, build and operate data centres for global hyperscalers and large enterprises.   

Our global portfolio includes 13 operational data centres, with an additional 9 in development across 11 cities in the UK, Europe, and the APAC region.

We enable our customers to effectively plan for the growth of their business while also providing them with peace of mind. We provide secure, resilient, well-connected infrastructure with planned future capacity growth potential. We have over 25 years of experience in the data centre industry, delivering on our vision of being the most trusted and customer-centric data centre operator in the market.

We put the environment at the heart of everything we do by recognising this as a fundamental responsibility towards our planet. That’s why we’re taking ownership to reduce our environmental impact globally and make sustainability a key strategic driver. As part of our sustainability planning, Colt DCS has set comprehensive near-and long-term Science Based Targets to cut our emissions in line with the SBTi’s latest Net Zero Standard.

The World’s Wealthiest Cities in 2025

LONDON, April 8, 2025 /PRNewswire/ — The US continues to dominate, with 11 cities on the Top 50 Cities for Millionaires list in the latest World’s Wealthiest Cities Report 2025 ranking, led by New York in 1st place with 384,500 high-net-worth individuals (including 818 resident centi-millionaires and 66 billionaires). According to the 4th edition of the annual report published by Henley & Partners and New World Wealth, the Bay Area (San Francisco and Silicon Valley), in 2nd place with 342,400 resident millionaires, is now home to more billionaires (82) than the Big Apple and continues to thrive as the epicenter of technological wealth creation, enjoying exceptional millionaire growth of 98% over the past decade.

Of the Top 50 cities, only Shenzhen (in 28th place, with 142% millionaire growth, and now home to 50,800 millionaires), Hangzhou (35th, with 108% growth and 32,200 millionaires), and Dubai (18th with 102%) grew faster than the Bay Area between 2014 and 2024. Dubai (now boasting 81,200 resident millionaires) also takes the prize for the biggest climber in the Top 50 over the past year, moving from 21st to 18th place. Seoul is the biggest faller, dropping to 24th place from 19th last year.

Tokyo solidifies its position in 3rd place with 292,300 millionaires, followed by Singapore in 4th place with 242,400 resident millionaires.

London and Moscow are the biggest losers

Los Angeles (220,600 millionaires, including 516 centis and 45 billionaires) has now overtaken London to claim the 5th spot, pushing the UK capital out of the Top 5 to 6th place with just 215,700 millionaires (including 352 centi-millionaires and 33 billionaires). London and Moscow (which ranks 40th, with 30,000 millionaires, including 178 centis and 23 billionaires) are the only two cities in the Top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by -12% and -25%, respectively.

Paris (160,100 millionaires) clings onto 7th place, while Hong Kong (154,900 millionaires), now in 8th position, usurps Sydney (152,900 millionaires), pushing it down into 9th place. Chicago (127,100) leapfrogs over both Beijing (which drops two places from 10th to 12th, now with 114,300 millionaires) and Shanghai (down three places from 11th to 14th with 110,500 millionaires) to claim a place in the Top 10 for the first time. Lisbon (50th with 22,200 millionaires) makes its debut on the Top 50 list, with Auckland dropping off.  

Fastest growing wealth hubs over the past decade

Besides Shenzhen, Hangzhou, and Dubai, other cities on the World’s Fastest Growing Wealth Hubs list which have more than doubled their resident millionaire populations over the past 10 years, include US cities Scottsdale (125% growth) and West Palm Beach (+112%) and the “Silicon Valley of India“, Bengaluru (+120%). Three other American cities — Miami (+94%) whose residents enjoy Florida’s low state taxes, the US capital Washington DC (+92%), and Austin (+90%), dubbed “Silicon Hills” — have also seen notably high growth between 2014 and 2024, as have Polish capital Warsaw (+83% in resident millionaires), Emirati capital Abu Dhabi (+80%), and Riyadh (+65%), the capital city of Saudi Arabia.

Centi city hotspots over the next decade

Looking beyond the established wealth centers, the report also benchmarks wealth in over 100 Centi-Millionaire Hotspots worldwide, with a special spotlight on cities with high growth potential over the next decade (2025 to 2035) to reveal the emerging new geography of super-wealth.

Dubai (currently home to 237 centis) and Abu Dhabi (75 resident centis) lead the pack, with both Emirati cities projected to see their centi-millionaire populations more than double over the next 10 years. Explosive 100%+ growth is also forecast for Delhi (125 centi-millionaires) and Bengaluru (43) in India, and Warsaw (32 centis) and Athens (42 centis) in Europe

Smaller cities providing targeted investment migration pathways, including St. Julian’s and Sliema in Malta (40 centis), Lugano in Switzerland (40 centis), and Latvia’s Riga & Jūrmala (11 centis), are all forecast to see 100%+ growth rates in their centi-millionaire populations by 2035. And while no African or Central American cities make it into the Top 50, George Town and Seven Mile Beach in the Cayman Islands (currently home to 40 centis), San José & Santa Ana (17 centis) in Costa Rica, St. George’s Parish (25 centis) and Hamilton Parish (22 centis) in Bermuda, Monterrey (10) in Mexico, Panama City (21 centis), South Africa’s Cape Town (34 centis), Morocco’s Marrakesh (14 centis), and Kenya’s Nairobi (10 centis) are all forecast to see +100% growth in their super-wealthy communities before 2035.

Monaco, where the average wealth exceeds USD 20 million, tops the World’s Most Expensive Cities list, with prime 100 to 200 m2 apartment prices regularly exceeding USD 38,800 per m2.

Read the full press release

Colt DCS boosts German expansion by 117MW, acquiring land and securing power supply contracts for new sites in Frankfurt and Berlin

LONDON, April 8, 2025 /PRNewswire/ — Colt Data Centre Services (Colt DCS), a leading global provider of hyperscale and large enterprise data centre solutions, has announced plans to develop four new data centres in Germany.

 

 

The four facilities will consist of Frankfurt 4 & 5 and Berlin 1 & 2. The two Frankfurt data centres will be built on an 18-acre site and provide a combined 63MW, while the Berlin data centres will be constructed on a 9.5-acre site and provide a total 54MW of IT capacity. Colt DCS is targeting first phase RFS (ready for service) at Frankfurt 4 and Berlin 1 by the end of 2028, with renewable power contracts already secured. The new data centres will add 117MW to Colt DCS’ capacity in Germany, bringing its total in-country capacity to 176MW.

The acquisitions in Frankfurt and Berlin, reinforce Colt DCS’ commitment to digital infrastructure in Germany, and represents a €2 billion investment in its economy.

The move strengthens Colt DCS’ position in the Frankfurt market, which continues to be one of Europe’s leading data centre hubs. Berlin has emerged as a secondary market, driven by Germany’s digital transformation and increasing demand for cloud and AI services. 

The new facilities will be designed to Colt DCS’ Global Reference Design (GRD) which can cater for both traditional cloud and high-performance computing (HPC) workloads, powering racks up to 130kW. To accommodate this, the design flexibly supports cooling by traditional air, direct liquid-to-chip and hybrid approaches.

Each data centre will also be constructed in line with Environmental and Sustainability policies using several low embodied carbon principles. This includes the installation of low Global Warming Potential (GWP) cooling chillers, reducing water waste for cooling, and building the structure with minimal steel and concrete usage. 

Waste heat from all sites will be reused by the local councils for district heating. A fifth of the site areas will be reserved as green space, and the building roofs will feature a mixture of photovoltaic solar panels and planted vegetation.

Gert-Uwe Mende, Lord Mayor of Wiesbaden, said: “Wiesbaden is an attractive business location, and artificial intelligence is an absolutely future-oriented topic. I am therefore very pleased that Colt DCS has chosen the Landeshauptstadt (capital of the state of Hessen) as the site for its new data centre”.

Niclas Sanfridsson, CEO of Colt DCS, said: “The continued growth in digital services has created strong demand for hyperscale data centres in Germany. Our acquisitions in Frankfurt and Berlin are a testament to our commitment to Europe’s largest economy. We are proud to contribute to the growth of the local community and remain a trusted partner for our customers worldwide. These new sites will not only enhance our capacity to serve the increasing needs of cloud and AI workloads but also reinforce our dedication to sustainability and innovation in the data centre industry.”

About Colt DCS

We design, build and operate data centres for global hyperscalers and large enterprises.   

Our global portfolio includes 13 operational data centres, with an additional 9 in development across 11 cities in the UK, Europe, and the APAC region.

We enable our customers to effectively plan for the growth of their business while also providing them with peace of mind. We provide secure, resilient, well-connected infrastructure with planned future capacity growth potential. We have over 25 years of experience in the data centre industry, delivering on our vision of being the most trusted and customer-centric data centre operator in the market.

We put the environment at the heart of everything we do by recognising this as a fundamental responsibility towards our planet. That’s why we’re taking ownership to reduce our environmental impact globally and make sustainability a key strategic driver. As part of our sustainability planning, Colt DCS has set comprehensive near-and long-term Science Based Targets to cut our emissions in line with the SBTi’s latest Net Zero Standard.

Logo: https://laotiantimes.com/wp-content/uploads/2025/04/colt_dcs_logo-1.jpg

CIFF Guangzhou 2025 Concludes with Growth in Exhibitor Participation, Visitor Numbers, and International Engagement

GUANGZHOU, China, April 8, 2025 /PRNewswire/ — The 55th edition of the China International Furniture Fair (Guangzhou) (CIFF Guangzhou 2025) successfully concluded on March 31, setting new records in scale and participation. Under the theme “Powered by Design,” this year’s fair covered an expansive 850,000 square meters, achieving remarkable growth in exhibitor participation, visitor numbers, and international engagement. With an all-time high number of over 4,900 exhibitors, the eight-day event welcomed 363,825 professional visitors from 187 countries and regions. Notably, the number of international attendees reached 56,794, reflecting a 10.91% increase from the 2024 peak, setting a new record.

The Home Furniture exhibition showcased innovative designs in aesthetics, smart sleep technology, and outdoor living. The event highlighted emerging trends in sustainable materials and intelligent home solutions, illustrating how modern design is integrating with traditional craftsmanship.

With a focus on sustainability, the Office and Commercial Space presented forward-thinking solutions for workspaces, healthcare, and educational environments. Emphasizing green innovation, the exhibition featured low-carbon office designs and AI-powered commercial spaces, reflecting the industry’s shift toward eco-conscious development.

The CIFM/interzum guangzhou introduced advancements in smart manufacturing, hardware solutions, and sustainable materials. Featuring next-generation production technologies, the exhibition underscored the industry’s transition from mass production to high-quality craftsmanship.

Design remained central to this year’s fair, with a comprehensive lineup of specialized pavilions. The Home Furniture exhibition featured a contemporary design showcase, fostering in-depth exchanges between Chinese and international designers to propel domestic brands onto the global stage. Additional dedicated spaces for outdoor furniture, dining, and living areas, and office solutions enriched the overall exhibition landscape. Moreover, 12 themed design exhibitions brought together designers, curators, and media professionals to explore trends in sustainability, digital innovation, and cultural aesthetics.

The event also introduced the upgraded CD Awards Ceremony, recognizing industry pioneers and advocating for high-quality production standards. Alongside this, over 100 industry-leading forums gathered designers, key brands, and media representatives to explore the future trajectory of home furnishing aesthetics.

Intelligent living and sustainability were key focuses, with smart home solutions, senior-friendly eldercare innovations, and low-carbon living concepts taking center stage. The exhibition also introduced bamboo-based furniture and sustainable materials, reinforcing its commitment to green development.

As CIFF Guangzhou continues to connect global markets, this year’s success highlights the industry’s momentum toward innovation, sustainability, and high-quality growth.

For more details, please visit: https://www.ciff-gz.com/en/.  

 

MicuRx: 15 Clinical and Preclinical Research Studies to be Presented at ESCMID Global 2025

SHANGHAI, April 8, 2025 /PRNewswire/ — The 2025 European Congress of Clinical Microbiology and Infectious Diseases (ESCMID Global 2025) will take place in Vienna from April 11 to 15, 2025. As one of the largest, most comprehensive, and influential global academic conferences in the fields of clinical microbiology, infectious diseases, and infection control, ESCMID Global serves as a pivotal platform for scientific exchange. Shanghai MicuRx Pharmaceutical Co., Ltd. (“MicuRx”, Stock Code: 688373) will present 15 new clinical and preclinical research datasets related to its pipeline products in poster presentations during the conference. The presentations will focus on two core products: Contezolid and MRX-5.

MRX-5: Preclinical and Phase 1 data supporting its potential as a novel treatment for nontuberculous mycobacterial (NTM) pulmonary disease, particularly Mycobacterium abscessus (MAB) infections.

Title

Category

Time

Location

Pharmacokinetic/Pharmacodynamic
Evaluation of MRX-5 in Murine Models of
Mycobacterium abscessus Pulmonary
Disease

Oral poster
presentation

April 12,
8:30-9:30
am

Arena 3

Benzoxaborole Antimycobacterial MRX-
5: Preclinical Pharmacokinetics and in
vitro Drug-Drug Interaction

Top-rated
poster

April 13,
12:00-13:30
pm

 poster
area, Hall D

13-week Repeat-Dose Toxicology
Studies of MRX-5 in Sprague Dawley Rats
and Beagle Dogs

Poster

April 13,
12:00-13:30
pm

 poster

 area, Hall D

Safety, tolerability and pharmacokinetics
of single and multiple ascending doses
and food-effect of MRX-5 tablets in
healthy adult subjects

Poster

April 13,
12:00-13:30
pm

 poster
area, Hall D

Four studies on MRX-5 presented at the conference

“We are excited to share our latest clinical and scientific advancements at ESCMID Global 2025,” Dr. Zhengyu Yuan, Chairman and CEO of MicuRx, stated,”These data highlighted our ongoing commitment to developing innovative therapies to address urgent unmet needs in infectious and chronic pulmonary diseases.”

MicuRx invites attendees to visit the poster sessions to engage with the team and learn more about the company’s clinical progress and future development plans.

Chiron Medical Partners with the Hong Kong Christian Young Women’s Association to Launch the “1:1 Breast Health Empowerment Charity Campaign”

Encouraging Public Awareness of Personal and Others’ Health with 105 Free 3D Mammograms for Underprivileged Women

HONG KONG, April 8, 2025 /PRNewswire/ — Chiron Medical Group is proudly launching the “1:1 Breast Health Empowerment Charity Campaign” to provide 105 free 3D mammograms and medical consultation services to underprivileged women. We invite the public to join us in caring for their own health as well as that of others. From April 1, 2025, to December 31, 2025, for every woman who undergoes a 3D mammogram or a health check at FemWell with a total cost of HKD 3,000 (after discounts), Chiron Medical will sponsor one underprivileged woman to receive free breast cancer screening. This initiative, in collaboration with the Hong Kong Christian Young Women’s Association (Hereinafter referred to as”YWCA”), will help arrange for eligible women to access these services, ensuring timely medical attention for more women.

Chiron Medical partners with the Hong Kong Christian Young Women's Association to launch the
Chiron Medical partners with the Hong Kong Christian Young Women’s Association to launch the “1:1 Breast Health Empowerment Charity Campaign”, aiming to provide timely medical attention for more women.

Breast cancer is the leading cancer among women in Hong Kong, with statistics[1] indicating that 1 in 12 women will be diagnosed in their lifetime. However, studies[2] show that women with lower income and education levels are less likely to undergo regular breast cancer screenings. The medical community agrees that the “international gold standard” for breast screening is mammography. Early detection through imaging before tumors develop can help avoid complex treatments. Therefore, before providing free breast cancer screenings to underprivileged women, Chiron Medical will also host educational seminars to enhance their awareness and willingness to undergo examinations.

Mr. Wallace Wong, CEO of Chiron Medical Group, stated, “Chiron Medical is committed to providing comprehensive and appropriate medical services, offering patients an all-round solution for prevention, diagnosis, treatment, and ongoing management of various health conditions. Last year, we established FemWell, focusing on women’s health with a multidisciplinary team of female experts. This year, we continue to care for women and hope the public can engage in self-care and extend that care to others. I sincerely thank YWCA for assisting with the registration and selection of women in need for the 3D mammogram screenings, enabling early detection of health issues for timely treatment. Looking ahead, we will continue to explore partnerships with like-minded organizations and businesses to promote holistic women’s health.”

Ms. Woo Yuen Ling, Service Director (Employment Services & YWCA Movement), remarked that “YWCA upholds the mission of ‘Cultivating Life’ to impact lives; this year marks the 105th anniversary of the Association, and we are honored to partner with Chiron Medical Group to promote this community charity program for the benefit of the community. Through our ‘What’s Your Concern’ breast health community promotion program, we provide breast health seminars for women and arrange free 3D mammography screenings for eligible participants. This is an important step in raising awareness about breast health in society and removing barriers that prevent women from seeking screenings due to financial difficulties, allowing more women to receive timely and necessary examinations. We look forward to making more women feel cared for and supported through this program.”

This charity campaign is managed by FemWell, a female brand under Chiron Medical Group, which will provide the 3D mammogram services and medical consultations. Beneficiary women can receive services at FemWell, located on the 2nd floor of the Podium Plaza, 5 Hanoi Road, Tsim Sha Tsui, Kowloon. This women’s health centre, established last year, features a calming interior design, private changing rooms, a women-only waiting area, examination rooms, and imaging diagnostic rooms, ensuring a high level of privacy and a comfortable experience throughout the examination or consultation process.

[1] Source: 2022 Statistics on Female Breast Cancer, Hong Kong Cancer Registry
https://www3.ha.org.hk/cancereg/pdf/factsheet/2022/breast_2022.pdf

[2] Source: Hong Kong Breast Cancer Registry Report No. 15, Hong Kong Breast Cancer Foundation

About Chiron Medical Group

Chiron Medical Group (referred to as “Chiron Medical”) is committed to a patient-centered approach and the establishment of trustworthy medical care. Our mission is to provide a one-stop medical solution for patients through comprehensive services that encompass prevention, diagnosis, treatment, and ongoing management of various health conditions.

We have an outstanding team of specialized medical professionals and advanced technology, with 25 specialists and general practitioners covering at least 15 different fields. This allows us to offer appropriate treatments tailored to our patients’ needs. Through effective communication with our clients, we provide personalized medical care, ensuring that patients have the best experience during consultations, treatment processes, and the establishment of healthy lifestyles, making us their trusted medical partner.

About FemWell

FemWell, the women’s health brand under Chiron Medical, has established a “Women’s Health Centre” dedicated to holistic women’s health in collaboration with a professional female team. Our mission is to provide comprehensive attention to women’s health through exceptional medical expertise and a multidisciplinary team of female specialists, helping women lead healthy and fulfilling lives.

Our services extend beyond disease diagnosis and treatment; we aim to help patients address the root causes of their conditions, cultivate healthy lifestyles, and restore and maintain their well-being.

The establishment of the Women’s Health Centre marks the first step in FemWell’s promotional initiatives. Looking ahead, FemWell will continuously offer a wealth of health information, mental and physical wellness workshops, and personalized treatment plans, encouraging women to focus on their health and address their overall well-being.

About OneHealth Development

OneHealth Development is a charitable organization dedicated to promoting community health and well-being. Our mission is to provide comprehensive health education and medical services, particularly targeting the groups in society that need help the most, including low-income individuals and vulnerable communities.

Through various programs and services, OneHealth Development strives to raise public awareness of health issues and promote healthy lifestyles. We offer free or low-cost health screenings, seminars, and workshops covering a range of health topics such as breast health and chronic disease management.

Our vision is to create a healthy and harmonious community where everyone has equal access to health resources and support. Through partnerships with different organizations, we aim to continuously bring about positive changes in society and improve the overall health level of the community.

About Hong Kong Christian Young Women’s Association

Founded in 1920, the Hong Kong Christian Young Women’s Association is a prominent women’s organization in Hong Kong and has developed into a leading social service agency. It offers a wide range of services to those in need, including support for women, children and families, youth development, elderly care, education, and community health.

With over 100 service units across Hong Kong, the Association benefits more than 3.2 million individuals each year through its high-quality services. For more information about the Hong Kong Christian Young Women’s Association, please visit: ywca.org.hk.

This press release is to be uploaded to the websites of Chiron Medical and the Hong Kong Christian Young Women’s Association Chiron.care,ywca.org.hk

Media enquiries:

Chiron Medical

Rosa Chung

rosachung@chiron.care / +852. 2530 2220 

Candy Lin

candylin@chiron.care / +852. 3586 3854   

Other enquires, please contact:

FemWell Appointment

+852 2157 3846

“1:1 Breast Health Empowerment Charity Campaign” general enquiries  

Corporate Communication Department of Chiron Medical:+852 2530 2220(Rosa) or +852 3586 3854    (Candy)

‘What’s Your Concern’ breast health community promotion program general enquiries

+852 3443 1600

YWCA Women Affairs Department

Ms. Milla / Ms. Fiona

Xinhua Silk Road: China’s Shaangu Group shines at Hannover Messe 2025

BEIJING, April 8, 2025 /PRNewswire/ — The recently concluded Hannover Messe 2025, Germany’s leading industrial trade fair, highlighted cutting-edge topics, such as artificial intelligence (AI), green energy and digital transformation, attracting more than 3,800 exhibitors from around 60 countries and regions.

Chinese companies make up a significant portion of participants, with around 1,000 exhibitors, making China the second-largest exhibitor group after host country Germany, according to the organizer.

The booth of Shaanxi Blower (Group) Co., Ltd. (Shaangu Group) was surrounded by flows of visitors. The company has developed from an equipment manufacturer to a system solution and service provider through an innovative path of the combination of manufacturing, service and operation.

“When it comes to the bulky, high-power equipment, our clients care more about their system performance and delivery efficiency,” said Fan Xiaolong, head of Shaangu Europe R&D, a subsidiary of Shaangu Group in Germany. Fan added that in this case, the company provides one-stop solution from equipment manufacturing, turnkey engineering, industrial services, intelligentization to energy operation, rather than pure equipment.

Currently, Shaangu Group boasts 28 overseas companies and service subsidiaries in countries including Germany, the Czech Republic, India, and Indonesia, forming a global system featuring the combination of equipment, service and operation.

The company has acquired EKOL, a leading turbine manufacturer in the Czech Republic, to make R&D locally to respond to local industrial demands, while Indonesia has witnessed the largest air separation project built by Shaangu Group.

“Globalisation is not a simple process of copy-paste, but a reshaping and reconstruction of capabilities,” said Fan, adding that the company tries to localize in each region and respond quickly to customer needs.

The development of Shaangu Group is only an epitome of how Chinese companies are integrating into the global industrial innovation network in a more mature and systematic manner, from the field of energy systems, flexible manufacturing to robotics and pharmaceutical printing.

In an interview during the event, Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, also highlighted China’s leadership in green transition and intelligent manufacturing, underscoring its increasingly pivotal role in shaping the future of global industry.

Original link: https://en.imsilkroad.com/p/345106.html

Juspay secures $60 million investment round led by Kedaara Capital


SINGAPORE – Media OutReach Newswire – 8 April 2025 – Juspay, a global leader in payment infrastructure for enterprises and banks, has secured $60 million as part of its Series D funding round in a combination of primary and secondary investments. This investment round was led by Kedaara Capital with participation from existing investors Softbank and Accel.

Juspay has expanded its global footprint across Asia-Pacific, Latin America, Europe, UK and North America. The company recently established a new office in Singapore to serve as a strategic hub for its Asia-Pacific operations. Juspay also continues to accelerate the growth of its open-source payments orchestration platform, empowering merchants with an interoperable, transparent and modular solution that ensures full flexibility and control over their payments stack. Juspay plans to further advance its AI capabilities to build future-ready innovations aimed at improving workforce productivity and merchant experience.

For the past decade, Juspay’s mission has been to create long term value across the payments ecosystem—supporting merchants, banks, networks, and, by extension, the billions of users they serve.” said Sheetal Lalwani, Co-founder & COO of Juspay. “Today, as we expand our global footprint and push the boundaries of AI, we remain committed to building truly open source and interoperable payment systems that embrace the growing diversity in the payments landscape. We welcome Kedaara Capital, we could significantly benefit from their rich experience as we build towards the next phase of our growth”, he added.

“We’re excited to partner with Juspay as they revolutionize global payments,” said Nishant Sharma, Founder and Managing Partner at Kedaara Capital. “Their strong tech foundation, open-source approach, and visionary leadership make them a standout. We look forward to supporting Vimal, Sheetal, and the team as they scale a resilient, future-ready platform for leading enterprises and financial institutions.”

Founded in 2012, Juspay is a global leader in enterprise payment solutions, powering payments for merchants and banks worldwide as their technology service provider (TSP) of choice. Juspay provides full-stack orchestration, checkout experience, 3DS authentication, tokenisation, unified analytics, and value-added services for enterprise merchants, as well as end-to-end payments acceptance and real-time payments infrastructure for leading banks. Headquartered in Bengaluru, India, with offices in San Francisco, Sao Paulo, Dublin, and Singapore, Juspay supports market-leading clients across the globe, processing more than 200Mn transactions daily, at 99.999% reliability, with over $900Bn in annual total processed volume.

Avendus Capital acted as the exclusive financial advisor to Juspay on this transaction.Hashtag: #Juspay

The issuer is solely responsible for the content of this announcement.

About Juspay

Juspay is a leading multinational payments technology company, redefining payments for 500+ top global enterprises, banks, and card schemes. Juspay offers a comprehensive product suite for merchants that includes open source orchestration, payouts, seamless authentication, tokenization, fraud management, end-to-end reconciliation, unified analytics & more. The Company is headquartered in Bengaluru, India with offices across the globe.

About Kedaara Capital

Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently manages over $6 billion through investments in several market-leading businesses across a variety of sectors including financial services, consumer, pharma/healthcare, and technology/business services. Since its inception, Kedaara has remained singularly dedicated to its stated strategy of focusing on investments built through trust-based relationships with best-in-class entrepreneurs and management teams across secular fast-growing end markets. Kedaara combines the strengths of a well-networked, highly experienced local investing and operating team, with the experience of their strategic partner, Clayton, Dubilier & Rice, a global private equity firm.