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ESR and CloudHQ Partner for $2 Billion Data Centre Campus in Japan

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ESR Group, a Hong Kong-based real estate manager, has announced a partnership with U.S.-based data centre provider CloudHQ to co-develop and operate a $2 billion data centre campus in Osaka, Japan. The facility will be built in three phases, with the first phase set to be operational by June 2025, delivering 25 megawatts (MW) of capacity.

This collaboration comes at a time when the growing demand for artificial intelligence (AI) is fueling a global surge in data centre investments, with real estate managers, private equity firms, and global investors racing to meet this demand. The new campus in Nanko Kita, Osaka, is expected to offer a total of 130 MW of data centre capacity upon completion.

ESR views this joint venture as a significant step in its broader strategy to expand and enhance its data centre capabilities. According to Diarmid Massey, CEO of ESR Data Centres, the company remains confident in the long-term growth potential of the data centre market in Japan and across the Asia-Pacific region.

 

Japan’s Antitrust Regulator Set to Conclude Google Breached Laws in Search Practices: Report

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Japan’s competition regulator, the Japan Fair Trade Commission (JFTC), is reportedly set to find Google guilty of violating the country’s antitrust laws in relation to its search practices. According to sources cited by Nikkei Asia, the JFTC plans to issue a cease-and-desist order, compelling Google to stop engaging in monopolistic behaviors related to its web search services. This investigation has been underway since October of last year, as part of a broader global scrutiny of Google’s dominance in the search engine market, which has drawn attention from antitrust authorities in Europe and other major economies.

The case centers on accusations that Google has been abusing its dominant position in the search market, where it holds a significant share globally. As the creator of Chrome, the world’s most widely used web browser, Google’s practices in this space are seen as integral to its business model, particularly in terms of data collection for targeted advertising. The company uses this information to enhance the effectiveness of its ads, making it a critical part of its profit generation.

While Google has yet to respond to requests for comment on the ongoing investigation, the JFTC’s actions could set a significant precedent for future regulatory measures aimed at curbing the company’s market influence. The competition watchdog’s decision would add to the growing body of global scrutiny surrounding Google’s search practices, especially in light of similar investigations conducted in Europe.

This case also comes on the heels of legal challenges in the United States, where the Department of Justice has been pushing for Google to divest its Chrome browser. The US government argues that Google’s monopoly over search services must be broken up to encourage competition and fair market practices. A judge recently heard arguments suggesting that Google should be banned from re-entering the browser market for five years, marking a significant step in efforts to reduce its control over the search engine industry.

Kadokawa Shares Fall as Sony Announces Investment, Not Acquisition

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Shares of Japan’s Kadokawa, a media conglomerate known for its role in creating the hit game “Elden Ring,” plummeted by their daily limit on Friday after the company announced a capital partnership with Sony Group instead of the expected full acquisition. The two companies revealed that Sony would invest approximately 50 billion yen ($317 million) in Kadokawa by acquiring a 10% stake through a new share issuance.

Stock Impact

Kadokawa’s stock fell sharply by 15.95% on Friday, ending the day at 3,689 yen, the daily limit, as sell orders overwhelmed the market. This comes after a surge of about 45% in Kadokawa’s stock price over the past month, fueled by reports of potential acquisition talks with Sony. Analysts pointed out that investors had expected a premium offer through a tender bid, which did not materialize, contributing to the sharp drop in Kadokawa’s share price.

Market Reaction

The investment from Sony, while making it the largest shareholder in Kadokawa, was seen as a disappointment by some market participants, especially given that the sale price of 4,146 yen per share was a discount of more than 5% compared to Kadokawa’s closing price the day before. Analysts like Shunki Nakamura from Jefferies also noted that the move would be dilutive due to the new share issuance.

Strategic Goals

The deal between Sony and Kadokawa is aimed at enhancing Sony’s position in the growing anime market, with Kadokawa’s publishing business playing a key role in the creation and distribution of anime content. However, while the partnership stops short of a full acquisition, there is potential for increased collaboration and future moves toward a larger stake in Kadokawa, according to analysts.

Sony’s Position

Despite the negative reaction in Kadokawa’s stock, Sony’s shares rose by 2% in the morning and ended the day with a modest 0.7% gain. Traders noted that this more limited partnership with Kadokawa would free up Sony to allocate capital to other projects.