Setu, which enables users to securely share their financial data with banks and other financial institutions, is Pine Labs' third acquisition this year

From Google, Amazon and Microsoft to Alibaba and Tencent, US and Chinese tech firms have set up or are building dozens of data centres in countries such as Singapore, Malaysia and Indonesia

Data centre investment reached $5.1 billion in June 2021, with Hong Kong and China mainland experiencing the strongest growth, accounting for over 60% of the volume

The hyperscale data centre will be built in the eastern part of the Seoul metropolitan area, close to the Pangyo Techno Valley, a technology hub known as South Korea’s Silicon Valley

The two centres are expected to provide more than 45 megawatts of power capacity to serve cloud service providers and other clients

Huawei has created a super secure data centre inside a mountain in Gui'an New District in Guizhou province with an area of 400,000 sqm, similar to the one seen here built by Tencent