Guangdong Aofei Data Technology

Guangdong Aofei Data Technology

Feng Jun and co-founder He Liejun established Guangdong Aofei Data Technology in 2014, headquartered in Guangzhou. The firm emerged during China's first wave of cloud infrastructure buildout, positioning itself as an owner-operator of large-scale data center assets serving domestic internet and cloud computing clients. Institutional backing came early from Sequoia Capital China and Hillhouse Capital, with BlackRock and Qiming Venture Partners also taking material stakes post-IPO. Aofei develops and operates hyperscale facilities, with confirmed assets in Guangzhou, Shenzhen, Langfang, Jiangmen, and Gu'an. The portfolio spans at least six named campuses, including the PKX2 Hyperscale Data Center in Langfang and the Gu'an Cloud Computing and AI Industrial Park. The firm's model blends real estate development with utility-grade power procurement and cooling infrastructure, serving China's largest technology tenants. Its customer base is concentrated among domestic cloud providers and internet platforms requiring 10MW+ lease commitments. The firm is publicly traded on the Shenzhen Stock Exchange, with its top shareholder being Guangzhou Haomeng Computer Technology Co., Ltd., a holding entity tied to founding interests. Sequoia Capital China holds roughly 8%, Hillhouse approximately 6.5%, and both BlackRock and Qiming Venture Partners near 3.5% each. Aofei's footprint extends across Guangdong and Hebei provinces, placing assets within 200 kilometers of Beijing, Shenzhen, and Guangzhou. Aofei's structural distinction lies in its status as a pure-play Chinese data center REIT-like operator that attracted top-tier venture and growth equity investors before a public listing — a rare capital-stack alignment in an industry typically dominated by telecom carriers and state-owned enterprises. The operating entity owns and manages the physical shell, power, and cooling, while tenants deploy their own servers, creating a clean separation between infrastructure capex and customer opex that supports long-term contracted cash flows.