1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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China encourages industries to go west, protect environment www.reuters.com

China will encourage labor-intensive manufacturing industries located along the eastern coast to relocate inland, it said in a new 2016-2020 plan to develop the economy of its western regions.

The country's cabinet, the State Council, approved the western development five-year plan on Friday, according to a notice published by China's official government website late on Sunday.

China's rapid economic development over the past four decades has been skewed heavily toward the eastern coast.

Beijing has been trying to correct the imbalance not only in order to promote growth in politically crucial and energy-rich western regions such as Xinjiang and Yunnan, but also to ease environmental pressures in eastern regions, including the congested and polluted Yangtze and Pearl river deltas.

Premier Li Keqiang, who chaired the cabinet meeting, said China would continue to implement measures aimed at reducing the tax burden in the west to cut the cost of doing business.

He also said the west must promote new forms of urbanization and industrialization and pay attention to protecting the environment, particularly its scarce water supplies, which have constrained development in large parts of the region.

(Reporting by David Stanway; Editing by Eric Meijer)

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George Michael: Pop superstar dies at 53 www.bbc.com

Singer George Michael has died at the age of 53, his publicist has said.
The star, who launched his career with Wham! in the 1980s and continued his success as a solo performer, is said to have "passed away peacefully at home" in Goring, Oxfordshire.
Thames Valley Police say they are treating the death as unexplained but there were no suspicious circumstances.
His former Wham! bandmate Andrew Ridgeley said he was "heartbroken at the loss of my beloved friend".
Writing on Twitter and referring to Michael as "Yog", a nickname for "Yours Only George", he added: "Me, his loved ones, his friends, the world of music, the world at large. 4ever loved. A xx"

In a statement, Michael's publicist said: "It is with great sadness that we can confirm our beloved son, brother and friend George passed away peacefully at home over the Christmas period.
"The family would ask that their privacy be respected at this difficult and emotional time. There will be no further comment at this stage."

On Instagram, Sir Elton John posted a photograph of himself with Michael, writing: "I am in deep shock. I have lost a beloved friend - the kindest, most generous soul and a brilliant artist. My heart goes out to his family and all of his fans."
Thames Valley Police said South Central Ambulance Service attended a property in Goring at 13:42 GMT on Christmas Day.
The force said: "At this stage the death is being treated as unexplained but not suspicious.
"A post-mortem will be undertaken in due course. There will be no further updates from Thames Valley Police until the post-mortem has taken place."
A small heart wreath and a rose are among the tributes that have begun to be left outside the front door of Michael's home, a detached property by the River Thames.
Treatment for pneumonia
Michael, who was born Georgios Kyriacos Panayiotou in north London, sold more than 100 million albums throughout a career spanning almost four decades.
He first found fame with his schoolfriend Ridgeley in duo Wham! - reaching number one in the singles charts on four occasions - before going on to release solo albums, including the multi-million selling Faith in 1987 and its follow-up Listen Without Prejudice Vol 
His talents as a singer, songwriter and music producer made George Michael one of the world's biggest-selling artists.
Blessed with good looks and a fine singing voice, his stage presence made him a favourite on the live concert circuit as he matured from teen idol to long term stardom.
But there were times when his battle with drugs and encounters with the police made lurid headlines that threatened to eclipse his musical talents.

Michael scored a further seven number one singles in the UK with songs including Careless Whisper and Faith, and won three Brit Awards and two Grammys.
But as his career faded, he began to face headlines for the wrong reasons.
In October 2006 he pleaded guilty to driving while unfit through drugs, and in 2008 was cautioned for possession of class A drugs, including crack cocaine.
In September 2010, Michael received an eight-week prison sentence following an incident the previous July in which he crashed his Range Rover into a shop in north London. He admitted driving under the influence of drugs and possessing cannabis.
George Michael, Andrew Ridgely in 1984Image copyrightPA
Image caption
George Michael and Andrew Ridgely first found fame with Wham! in the 1980s
Pop stars from Michael's heyday were joined by contemporary names in paying tribute on Twitter.
ABC frontman Martin Fry said: "Absolutely devastated to hear of the loss of @GeorgeMichael Truly brilliant talent #sad #sad #sad."

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Silver Lake to join $1.2b round in key Alibaba arm www.chinadaily.com

Alibaba Group Holding Ltd's on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China's sovereign wealth fund, people familiar with the matter said.

The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion target with backing from China Investment Corp, according to the people, who asked not to be named because the matter is private. The round also includes Yunfeng Capital, a fund backed by Alibaba co-founder Jack Ma, and values the two-year-old startup at about $8 billion, they said.

Silver Lake, the largest technology-focused private equity firm, was an early investor in Alibaba but typically eschews early-stage backing for Chinese startups. On-demand local services have attracted major spending in past years and have become a costly battleground for Chinese internet companies from Alibaba to Tencent Holdings Ltd, as more people turn to the web to order take-out, schedule beauty treatments and hire domestic helpers.

Beijing-based Primavera Capital Group and CDH Investments are also investing in Koubei's round, the people said.

Fred Hu, chairman of Primavera, confirmed the company is an investor in Koubei without elaborating. Silver Lake declined to comment while CIC, CDH and Yunfeng didn't respond to requests for comment.

Baidu Inc is the other big player in a loosely defined "online-to-offline" market that's expected to reach 7.28 trillion yuan ($1 trillion) by 2017. Chinese users of location-based services could rise 29 percent to 400 million people next year, according to Shanghai-based internet consultant iResearch.

The intense competition for online consumption requires billions of dollars in marketing, subsidies and other incentives to encourage spending. It's also heightening tensions between the country's largest internet players.

Bloomberg

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Printable ‘second skin’ combines latest technology with cosmetics www.asahi.com

Checking and reapplying makeup is part of the daily routine for users keen to keep blotches covered up, but that could be about to change with the advent of a “second skin” cosmetics innovation.

Instead of applying liquid or powder to conceal spots or wrinkles, the new technology is based on the idea of wearing a tailor-made sheet produced by a special printer.

Panasonic Corp. is developing what it calls the “makeup sheet,” an ultra-fine film that the company says can mask a person’s skin problems by covering the face with it.

According to the company’s announcement on Dec. 1, a smart “mirror” developed for the makeup sheet system assesses five categories of the skin’s condition such as blotches, wrinkles and transparency with a built-in camera under a light-emitting diode (LED) light.

Within about two minutes of the analysis, the inkjet printer developed for the system prints a sheet up to 10 centimeters square that best matches skin color and the size of wrinkles.

Spraying water on one side of the sheet allows it to be stuck on to the skin, and other cosmetics can be applied on top of it, according to Panasonic. It can be easily removed with water.

Under the project, Panasonic draws on technology used in chips, organic electro-luminescence and other fields.

The company is looking for a cosmetics maker to translate the technology into a marketable product.

“We want to see the makeup sheet become part of our daily life by around 2020,” said Panasonic’s Sachiko Kawaguchi, who is in charge of the project.

Conventional ideas of skin-care products and cosmetics are undergoing transformation in other areas such as “cosmetics garments” that have already hit shop shelves.

Teijin Ltd., a leading fiber maker, announced in November last year that it has developed what it described as the country’s first cosmetics garments designed to keep the skin moist.

The product, named Raffinan, is made of fiber soaked in malic acid.

The company said it keeps the skin in the healthy condition of being mildly acidic by retaining moisture.

Teijin said the Raffinan material retains its ability even if it is washed 50 times or so.

Descente Ltd., a sportswear maker, has rolled out T-shirts and tank tops made of the material since March under the brand name Uroute.

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India’s Top Oil Producer Spends $1.2 Billion to Buy Gas Block www.bloomberg.com

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports.

State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State Petroleum Corp.’s deepwater block in the Krishna Godavari basin, it said in a statement on Friday. The New Delhi-based company will pay $995.26 million for the Deen Dayal West Field, the largest discovery in the KG-OSN-2001/3 block, with estimated natural gas reserves of 1.1 trillion cubic feet.

It will pay​ another $200 million for six other discoveries in the block located in the Bay of Bengal. The block has likely total reserves of at least 11.2 trillion cubic feet, according to GSPC’s annual report for the year ended March 31.

“The acquisition fits well with the strategy of ONGC to enhance natural gas production from domestic fields on a faster pace,” the company said, adding that trial gas production from Deen Dayal West Field has already started.

The deal will help expedite production of gas from the block critical to achieve Prime Minister Narendra Modi’s goal of reducing import dependency of hydrocarbons by 10 percent by 2022.

The companies will share infrastructure and reduce costs in an area where both have spent or plan to spend at least $3 billion each. The deal is critical for GSPC, a company owned by the government of the western state of Gujarat, as it is at least four years behind schedule in starting commercial gas production despite having completed construction of a processing platform, gas pipeline and an onshore terminal.
ONGC said the acquisition will help it develop faster its discoveries in the Yanam and Godavari areas as well as gas discoveries in its KG-DWN-98/2 block.

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Russian military plane crashes in Black Sea near Sochi www.bbc.com

A Russian military plane with 92 people on board has crashed into the Black Sea, Russia's defence ministry says.
The plane disappeared from radar 20 minutes after taking off from the resort of Sochi at 05:20 (02:20 GMT). Fragments have now been found and one body has been retrieved.
The defence ministry said the Tu-154 was carrying soldiers, 64 members of the famed Alexandrov military music ensemble and nine reporters.
It was flying to Latakia in Syria.
The flight originated in Moscow and had landed at Adler airport in Sochi for refuelling.
The defence ministry said in a statement: "Fragments of the Tu-154 plane of the Russian defence ministry were found 1.5km (one mile) from the Black Sea coast of the city of Sochi at a depth of 50 to 70m (165-230ft)."
So far no survivors have been found, local rescuers told the Interfax news agency.
Defence ministry spokesperson Igor Konashenkov confirmed that the "body of a person killed as a result the crash... was found 6km off the coast of Sochi".

It was founded in 1928 during the Soviet era
The group also includes an orchestra and dancers
It takes its name from its first director, Alexander Vasilyevich Alexandrov, who wrote the music to the national anthem of the Soviet Union
Holds the right to use the term Red Army Choir, although the interior ministry's MVD Ensemble also uses it

The defence ministry has published a passenger list (in Russian), showing that 64 of those on board were from the Alexandrov Ensemble.
There were nine journalists, eight soldiers, two civil servants, an NGO member and eight crew members.
Reports in the area said flying conditions were favourable. An investigation has been launched to determine whether any violations of air transport safety regulations had taken place.
Mr Konashenkov said the plane was carrying passengers to a New Year's performance for Russian troops deployed in Syria.
The performance was scheduled to take place at Russia's Hmeimim air base, near Latakia.
Russia has been carrying out air strikes in support of Syrian government forces who are battling rebels opposed to Syrian President Bashar al-Assad.

The backbone of Soviet and Russian airlines for decades
Three engines, narrow-bodied and medium range
Designed in the mid-60s, came into service in 1972 and was modernised in 1986 with new engines and equipment
Has seen 39 fatal accidents, although few were due to technical problems. Many were as a result of difficult weather conditions and poor air traffic control. A few were lost in conflicts including in Lebanon, Georgia and Afghanistan
Phased out since the turn of the century. Aeroflot retired its fleet in 2010. Only about 50 in service worldwide
In April 2010, a Tu-154 plane crashed in Smolensk, western Russia, killing all 96 people on board, including the Polish President Lech Kaczynski.
A Tu-154, operated by Siberian Airlines, was shot down over the Black Sea in October 2001, killing 78 people.
The plane was travelling from Tel Aviv in Israel to Novosibirsk in Russia, and most of the passengers were Israeli.
The Ukrainian military initially denied involvement but officials later admitted the plane could have been hit accidentally during a training exercise.

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City Governor`s Office approves MNT 3.2 billion to reduce air pollution www.mongolia.gogo.mn

 
The Government is working to improve air quality by decreasing coal consumption and promoting brickette manufacturing plants, which replace coal.
City Governor`s Office reports that about 10 brickette manufacturing plants are operating in Mongolia. For instance, Mon Watt LLC has performed experiment on German technology for two years, which can produce heat for 16 hours a day, accumulating cheap electricity at night.
In addition, the Government has planned to cut electricity night tariff by 50 percent while approved MNT 3.2 billion for 2017 City Budget​ to reduce air pollution.​
National committee to reduce air pollution budgeted MNT 5 billion for 2017. Of which MNT 3.5 billion will be spent on night tariff discount, MNT 450 million will be spent on improved stoves and MNT 400 million will be spent on brickette.
Moreover, the World Bank to invest MNT 7.8 billion for the Ulaanbaatar Clean Air Project (UBCAP).
In scope of UBCAP, 200 air purifiers have supplied to 50 kindergartens in ger-districts, with total of 7500 children aged 2-5 years.
Anti pollution masks were handed over to 40 thousand students of 51 schools, that are located in the most polluted areas of the city. Anti pollution masks, produced by the Erbum LLC, are capable of filtering out PM2.5 airborne particulate matter with up to 99 percent.
The UN Children's Fund​ hihghlights that air pollution of Ulaanbaatar city exceeds 7 times above the recommended levels, as compared with the World Health Organization safe level of 25.
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New version of Law on Development Bank presented www.montsame.mn

 
Ulaanbaatar /MONTSAME/ Draft new wording of the Law on Development Bank of Mongolia was presented to the Vice Speaker Ts.Nyamdorj on Thursday by B.Javkhlan, D.Terbishdagva, Z.Narantuya, M.Oyunchimer and B.Undarmaa MPs.
 
Although the main functions of the Development Bank, since its establishment, have aimed at funding projects for promoting the country’s economic growth pursuant to related laws and regulations, the lack of certainty in the related laws and regulations has been pulling back from the performance of the bank, resulting in decline of budgetary and fiscal spheres.
 
The new wording of the law has been prepared based on the successful practices from other countries and in harmony with the development policies of Mongolia. If adopted, the law will facilitate the bank with possibilities to work independently from the politics, and with full transparency.
 
The law initiators have reportedly prepared the draft law in order to regain global investors trust in Mongolia and improve Mongolia’s credit rating.
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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S. www.reuters.com

 
Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis.
 
The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard in September after it acknowledged the Justice Department had been seeking nearly twice as much.
 
It also highlights the Justice Department's recent efforts to hold European banks accountable for shoddy securities that contributed to the U.S. housing market collapse.
 
The department sued Barclays PLC on Thursday over similar claims, after having reached $46 billion in settlements with U.S. banks over the last three years.
 
Deutsche Bank does not plan a capital increase to cover the settlement, a person close to the bank said. The lender expects the agreement to be finalized in early 2017, before President-elect Donald Trump takes office, said the source, who spoke on the condition of anonymity.
 
Deutsche does expect to record a pretax charge of about $1.17 billion in its fourth quarter because of the civil monetary penalty, according to its press release.
 
As part of the agreement, Deutsche Bank would pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief, such as loan forgiveness. The bank cautioned that there is "no assurance" the two sides will agree on the final documents.
 
A spokesman for the Justice Department declined to comment.
 
Settling the mortgage-securities case would mean Deutsche Bank has shaken off one legal headache. Three major probes remain.
 
Deutsche faces investigations into the alleged manipulation of foreign exchange rates, suspicious equities trades in Russia, as well as alleged violations of U.S. sanctions on Iran and other countries.
 
Since 2012, Deutsche Bank has already paid more than 12 billion euros for litigation, including a deal with U.S. mortgage-finance giants Fannie Mae and Freddie Mac.
 
Deutsche Bank's "troubling practices" were widespread, including when trader Greg Lippmann told colleagues that many home loans the bank was packaging into securities were "crap" and "pigs," according to a 2011 U.S. Senate subcommittee report.
 
Lippmann has declined to comment on the report.
 
There has been fear among investors, companies and regulators that the penalties are too much for Deutsche Bank to withstand.
 
Its shares plunged to a record low of 9.90 euros in September, after the bank confirmed the Justice Department was demanding $14 billion. The stock has recovered substantially, but is down from the beginning of 2016.
 
OTHER BANKS
 
The Justice Department is still pursuing mortgage allegations against other lenders in addition to Barclays.
 
Credit Suisse Group AG is in late-stage negotiations and has resisted a demand by the agency that it pay between $5 billion and $7 billion over its sale of mortgage securities, sources have said.
 
Royal Bank of Scotland Group PLC, Wells Fargo & Co, UBS Group AG and HSBC are also under investigation, according to company disclosures.
 
U.S. banks have paid tens of billions of dollars over the past three years to settle with U.S. authorities over misleading investors about the quality of mortgages underlying securities.
 
In 2013, JPMorgan Chase & Co agreed to pay $13 billion. The following year, Bank of America Corp agreed to pay $16.65 billion, while Citigroup cut a deal for $7 billion. In February this year, Morgan Stanley agreed to pay $2.6 billion, and in April, Goldman Sachs Group Inc negotiated a $5 billion deal.
 
Deutsche is not the first bank to announce a settlement amount before both sides have agreed on the final documentation. Morgan Stanley disclosed its agreement a year before it was finalized and formally announced.
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Chinese consortium buys 49% stake in UK data firm www.chinadaily.com.cn

 
A Chinese consortium has bought a 49 percent stake in British data center company Global Switch for 2.5 billion pounds ($3.09 billion), in a strategic move aimed at sharing data center technology and locations.
 
The consortium was set up by data center company Daily-Tech Beijing, although the majority of the funding comes from Jiangsu Shagang Group, China's largest private steelmaker.
 
Wednesday's deal came as Chinese and Western companies expand into each other's markets, creating a big demand to store data in international locations.
 
The partnership allows both data center companies to follow their clients' expansion footsteps overseas and help them store data in convenient locations.
 
Global Switch has begun building data centers in the Hong Kong Special Administrative Region and Singapore, using high quality technology to help Daily-Tech Beijing's clients store data.
 
John Corcoran, CEO of Global Switch, said the investment will help Global Switch's global expansion and, in particular, help it serve Chinese companies expanding overseas and Western companies growing in China.
 
Founded in 1998, Global Switch now has 10 data centers in Europe and Asia. The company is owned by the billionaire Ruben Brothers, who purchased it in 2004 for reportedly 585 million pounds, but have invested more than 1 billion pounds in expanding the business.
 
Daily-Tech Beijing was founded in 2009 and now owns five data centers in China, providing data storage for Chinese and multinational companies, including Schneider Electric, Johnson Controls, China Telecom, China Unicom and China Mobile.
 
"We believe that bringing together the high quality data centers and operational excellence of Global Switch with the rapidly growing demand from Chinese customers creates a perfect match that will deliver future growth opportunities," said Li Qiang, president of Daily-Tech Beijing.
 
Alan Barrell, entrepreneur in residence at the University of Cambridge's Judge Business School, said the partnership will help Daily-Tech Beijing achieve a bigger international reach in data handling and storage and help Global Switch to grow its business with the new investment.
 
"There will also be synergy for technology development, to enable data centers to become ever more efficient and secure and enhance the quality of their offering," Barrell said.
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