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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 (NASDAQ: CD) has signed a strategic agreement with the Datong municipal government for a zero-carbon digital infrastructure project named PEACH BLOSSOM LAND in Datong, Shanxi province. This initiative aims to develop a hyperscale green data center cluster, leveraging the region's energy resources to support various zero-carbon service scenarios including renewable energy storage and smart agricultural technologies. The project is expected to significantly boost local GDP and transform service industries through green energy utilization.
Chindata Group (NASDAQ: CD) has entered into a strategic partnership with Tencent to enhance cloud computing infrastructure aimed at achieving China’s carbon neutrality goals. This collaboration will focus on smart industry initiatives, including projects across government, medical care, and tourism. The partnership will also explore site selection for data centers, and establish a national joint laboratory for cloud computing infrastructure. Both companies aim to increase clean energy use and provide tailored digital transformation solutions.
Chindata Group presented innovative solutions for carbon neutrality at the 2021 China Entrepreneurs Forum. CEO Alex Ju introduced the concept of a “Super Energy Complex,” focusing on integrating data centers into various energy scenarios like municipal heating and cold chain logistics.
Ju emphasized leveraging energy transfer processes from data centers to enhance efficiency. This model aims to support digitalization and provide sustainable energy solutions across industries, positioning Chindata Group at the forefront of the transition to clean energy.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q1 2021, with revenues up 63.9% year-over-year to RMB643.4 million (US$98.2 million) and net income of RMB58.2 million (US$8.9 million). Adjusted net income surged by 175.8% to RMB109.3 million (US$16.7 million), marking an adjusted EBITDA of RMB307.8 million (US$47.0 million), a 70.4% increase. The company continues to lead in green energy initiatives, ranking first among Chinese cloud service providers in environmental performance. Chindata's outlook remains positive, forecasting 2021 revenues between RMB2,700 million and RMB2,780 million.
Chindata Group (Nasdaq: CD) has been awarded the first prize for Carbon Neutral Data Centers by the China Academy of Information and Communications Technology, recognizing its Taihang Mountain Energy and Information Technology Industrial Campus in Shanxi, China. This campus features Asia's largest hyperscale data center and has maintained 100% renewable energy usage with zero carbon emissions for 2019 and 2020. By aligning with China's 2030 carbon neutral roadmap, Chindata Group aims to integrate renewable energy with hyperscale data centers to drive decarbonization in digital infrastructure.
Chindata Group Holdings Limited (Nasdaq: CD) plans to release its first quarter 2021 financial results on May 20, 2021, before market opening. A conference call will be held at 8:00 A.M. EST to discuss these results. Participants must register online to receive access details. Chindata is a leading hyperscale data center provider in Asia-Pacific, focusing on facility planning and IT ecosystem services. The company operates under the brands Chindata and Bridge Data Centres, serving key economic areas in China, India, and Southeast Asia.
Chindata Group (NASDAQ: CD) achieved the top ranking (85/100) in Greenpeace's annual clean energy rankings for China's tech industry, scoring a perfect 40/40 in renewable energy performance. In 2020, the company's owned data centers utilized 505 million kilowatt-hours of renewable energy, representing 51% of its total power consumption and 0.02% of China's power capacity. Chindata is also developing China's tech industry's first 150MW photovoltaic power station and is committed to achieving carbon neutrality by 2030, standing out as the only major Chinese firm to make this promise.
Chindata Group (NASDAQ: CD) participated in the 2021 Boao Forum for Asia, commencing on April 20, 2021, focusing on global governance and the Belt and Road Initiative (BRI). CEO Alex Ju discussed leveraging digital infrastructure for RCEP’s goals: policy communication, infrastructure connectivity, trade facilitation, capital flow, and people-to-people exchanges. By Q4 2020, Chindata had 489 IT MW capacity and over 40 IT MW in interest orders in Southeast Asia. During the forum, Ju met with RCEP ambassadors to discuss the company’s regional business strategies.
Chindata Group's CEO, Alex Ju, met with Indonesian Ambassador Djauhari Oratmangun on April 19, 2021, to discuss digital infrastructure in the Asia-Pacific region during the Boao Forum. Ju emphasized the company's commitment to enhance its business operations in Indonesia as part of the RCEP initiative, aiming to facilitate digital transformation. Chindata Group, the only carrier-neutral digital infrastructure platform in Asia-Pacific, reported a total IT capacity of 489 MW, focusing on RCEP-related countries like China and Malaysia by the end of Q4 2020.
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