New Infrastructure Sector - Investment Fundamentals of IDC (Chinese) 
新基建 - 数据中心行业投资要素分析（中文）

"New Infrastructure" becomes a widely discussed concept in China in the recent months. As an important segment of "New Infrastructure", Internet Data Centers (IDC) attracted huge amount of interest from a wide range of investors. We put together a report with some fundamentals in IDC investments including regulatory requirement, operational considerations, valuation and transaction structure.

近几个月来，“新基建”已成为市场热议的话题。而数据中心作为“新基建”的重要组成部分，也吸引了众多投资者的浓厚兴趣。因此，我们就IDC行业投资的一些基本要素，包括监管要求，运营考虑，估值和交易结构等进行了分析与总结，与我们的客户分享此报告。

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