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Chindata Group Holdings Limited (Nasdaq: CD) is a prominent provider of carrier-neutral hyperscale data center solutions tailored for the Asia-Pacific emerging markets, including China, India, and Southeast Asia. Founded in 2015 and headquartered in Beijing, China, Chindata is recognized for its comprehensive services that span the entire lifecycle of data center operations—from facility planning and design to construction and management.
Chindata delivers a wide array of services including colocation, managed services, energy procurement and transmission, and IT and network services. The company operates under two key sub-brands: Chindata and Bridge Data Centres. The former focuses on hyper-density IT cluster infrastructures in China's major economic areas like the Greater Beijing Area, the Yangtze River Delta, and the Greater Bay Area. Bridge Data Centres, on the other hand, provide rapidly deployable data center clusters in Malaysia and India, with potential expansions in other Asia-Pacific emerging markets.
In recent developments, Chindata announced a significant Merger Agreement with BCPE Chivalry Bidco Limited, aiming to become a wholly owned subsidiary in a $3.16 billion deal. This move is expected to make the company privately held, ending its NASDAQ listing.
Chindata also launched innovative full-stack solutions designed to address power and cooling challenges in the era of Artificial Intelligence Generated Content (AIGC). These solutions include the X-PrePower 3.0 for power efficiency and the X-Cooling Maglev Two-phase Cooling System for effective heat management. The company continues to pioneer in energy efficiency, achieving an average annual operating PUE of 1.21, significantly lower than the industry's global average of 1.55.
Financially, Chindata has shown robust growth. For the second quarter of 2023, the company reported a revenue of RMB 1,553.8 million, marking a 49.7% year-over-year increase. Adjusted EBITDA was RMB 816.1 million, up by 49.9% year-over-year, with a net income of RMB 219.2 million.
Chindata's commitment to innovation and operational excellence was recently recognized as it won the Best Data Center Service Provider and Best Data Center/Edge Service Innovation awards at the prestigious 2023 Global Carrier Awards in London. These accolades underscore Chindata's leadership in data center services and its forward-thinking approach to technological advancements.
As Chindata continues to expand its footprint across Asia-Pacific, the company remains focused on providing state-of-the-art solutions that meet the computational and energy needs of modern businesses, driving the digital economy forward.
Chindata Group Holdings Limited (Nasdaq: CD) plans to announce its unaudited Q1 2022 financial results on May 26, 2022, before market opening. A conference call will take place at 8:00 A.M. EDT to discuss the results. Participants must register online to receive dial-in details. Chindata is a leading provider of carrier-neutral hyperscale data center solutions in Asia-Pacific, focusing on facility planning, investment, and operation across emerging markets. The company operates under the Chindata and Bridge Data Centres brands.
Chindata Group Holdings Limited (Nasdaq: CD) announced that it was provisionally named by the SEC as a Commission-Identified Issuer under the HFCAA on May 4, 2022. This designation indicates that the Company utilized a registered public accounting firm whose working papers the PCAOB cannot fully inspect. Per HFCAA regulations, if a company is identified for three consecutive years, its shares may be prohibited from trading in the U.S. Chindata Group will actively explore options to protect stakeholder interests.
Chindata Group (Nasdaq: CD) reported strong financial results for 2021, with total revenue of RMB2,852.3 million, a 55.8% YoY increase. Adjusted EBITDA rose 66.5% to RMB1,418.9 million, showcasing operational efficiency. The company transitioned to profitability with a net income of RMB316.4 million, compared to a loss in 2020. Capacity expanded to 673MW, with an additional 96MW contracted. Guidance for 2022 indicates further growth with expected revenue between RMB4,070 million and RMB4,170 million, representing a 42.7-46.2% increase. A new senior management team aims to enhance strategic leadership.
Chindata Group has announced key executive appointments as part of its management team. Ms. Qian Xiao steps up as President after serving as COO since August 2019, backed by extensive experience in finance and operations. Mr. Xinyue Fan is appointed COO, bringing considerable operational expertise from his previous roles at Saint Gobain and Dow Chemical. Mr. Binghua Zhang joins as CTO, with a strong background in tech management from Baidu. These appointments aim to strengthen Chindata's position in the hyperscale data center market across Asia-Pacific.
Chindata Group Holdings Limited (Nasdaq: CD) has appointed Huapeng Wu as CEO. Wu, previously President of Chindata China, is recognized for driving strategic customer acquisition and partnerships, enhancing the company's growth. Under his leadership, Chindata aims to diversify its business and fortify its position as a leading data center platform in Asia-Pacific. The company plans to focus on key computing nodes, overseas expansion, and renewable energy development, reinforcing its commitment to superior customer service and long-term shareholder value.
Chindata Group Holdings Limited (Nasdaq: CD) will release its unaudited fourth quarter and full year 2021 financial results on March 10, 2022, before the market opens. A conference call is scheduled for 7:00 A.M. ET on the same day to discuss these results. Participants must register online to join the call, receiving a unique ID and dial-in details. An archived version of the call will be available until March 18, 2022. Chindata Group specializes in carrier-neutral hyperscale data center solutions across Asia-Pacific, focusing on infrastructure lifecycle from planning to operation.
Chindata Group (Nasdaq: CD) announced a transition agreement with Mr. Jing Ju, who has stepped down as CEO to assume the role of non-executive vice chairman and strategy committee member for up to 18 months. Key points include the termination of Mr. Ju's voting proxy and the conversion of 4,958,769 Class B shares to Class A shares. The company emphasizes its position as a leading hyperscale data center solution provider in Asia-Pacific, focusing on facility planning, investment, and IT ecosystem infrastructure.
Chindata Group Holdings Limited (Nasdaq: CD) announced a special conference call on December 7, 2021, at 8:00 A.M. EST to discuss a leadership change. Participants must register online to receive call details, including a unique ID and dial-in numbers. The call will also be available as a replay until December 15, 2021. Chindata Group provides carrier-neutral hyperscale data center solutions across Asia-Pacific, focusing on facility planning, investment, design, and operation in emerging markets.
Chindata Group Holdings Limited (Nasdaq: CD) announced the departure of CEO Jing Ju effective immediately. Mr. Fei Xu will serve as interim CEO while a search for a permanent replacement begins. The Board expressed gratitude for Mr. Ju's contributions but did not specify reasons for the leadership change. The company remains focused on providing innovative data center solutions across Asia-Pacific. Chindata operates two brands, with a strong presence in key economic areas of China, India, and Southeast Asia.
Chindata Group Holdings Limited (Nasdaq: CD) reported a strong financial performance for Q3 2021, with total revenues rising by 58.5% year-over-year to RMB740.8 million. Net income reached RMB78.4 million, marking a net margin of 10.6%. Adjusted EBITDA also saw significant growth, increasing 61.6% to RMB368.4 million and a margin of 49.7%. The company is expanding its client base and overseas operations, launching projects in Malaysia and Thailand, and securing a 27MW capacity deal with a leading cloud provider in China.
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