Princeton Digital Group to sell its Chinese data center assets for as much as $1B, as global buyout firms retreat from China's data center market

Princeton Digital Group is looking to offload its Chinese data center assets in a deal worth up to $1 billion, according to sources cited by the Financial Times.

The sale marks a significant moment — it effectively caps the retreat of global buyout firms from China's data center market. Foreign investors have been pulling back from the country's sensitive digital infrastructure, and this deal puts an exclamation point on that trend.

The $1B price tag reflects the scale of Princeton Digital Group's Chinese operations, but also the reality that foreign ownership of data centers in China has become increasingly untenable.

No buyer has been publicly identified yet. The sale process is underway, signaling that international private equity's appetite for Chinese data infrastructure has firmly dried up.