Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities. … Read more
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Joe Raedle | Getty Images Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company’s prospects in cloud computing. The stock jumped about 24% for … Read more
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe. The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in Germany. The company said it will be paying on average a 4.3% coupon … Read more