(Yicai Global) Jan. 7 -- Guangdong Aofei Data Technology will build facilities for technology giant Alibaba Group Holding to use as its regional data center in southern China.

 Aofei Data will receive CNY500 million (USD72 million) for its eight-year service, per the announcement the Guangdong-based internet data service provider issued yesterday.

 The company will design, build and operate the data center at Alibaba's direction. The announcement did not indicate investment amounts or the complex's construction schedule.

 Aofei Data [SHE:300738] traded up 1.53 percent at CNY35.91 (USD5.16) in the afternoon session.

Formed in 2004, the company offers information services, including server hosting, border gateway protocol access and data center management, and caters to financiers, gamers and businesses.

Editor: Ben Armour