TAIPEI — Hon Hai Group of Taiwan, also known as Foxconn, is poised to become a stakeholder in the China’s first big data exchange operation, which will be launched soon, according to media reports there.
Hon Hai is expected to hold a 21.5 percent stake in the Global Big Data Exchange (GBDEx), which will be established in Guiyang in China’s southwestern province of Guizhou with registered capital of 50 million yuan (US$8.05 million)
The exchange will provide various services, including data cleaning, modeling, and data platform development.
Trading of big data services on the exchange will be conducted electronically, matching clients’ requests with offers.
Other shareholders in the exchange include a range of Chinese providers of big data and mobile financial services, the Guiyang City government, and technology companies, the reports said.
They also indicated that Hon Hai Chairman Terry Gou will attend Guiyang’s Big Data Expo in late May, an event that is expected to attract international giants like Google, Alibaba, Hewlett-Packard, Dell and Intel.
Meanwhile, the Guiyang City government has been ramping up its efforts to develop the city as a base for China’s big data industries, signing 138 development deals totaling 132.61 billion yuan last year, the reports said.
They said an additional 61 investment deals valued at 50.64 billion yuan are set to be finalized before 2017.
As a participant in the city’s big data technology drive, Hon Hai investments there include joint construction of technology and science parks for cloud computing and semiconductor production, and research centers for nanotechnology.
Known as the green tunnel, a data center in Guizhou built by Hon Hai uses the region’s geological features to achieve energy-efficient cooling.
The company has also secured agreements with the local governments in Guizhou and Guiyang to develop new applications for cloud and mobile computation technologies across the province in collaboration with Alibaba and 21Vianet Group, Inc.