BRIEF: Bain sells China data center operation to domestic buyer for $4 billion
Bain Capital said on Wednesday it has agreed to sell its China data center operation to a Chinese consortium led by Shenzhen Dongyangguang Industry for $4 billion, representing the largest…
NaaS zooms ahead with growing focus on EV infrastructure operators
China’s leading provider of electric vehicle charging services said its revenue rose more than 500% in the third quarter, and added the figure could grow as much as six-fold next…
FAST NEWS: Chindata gets second buyout offer from China Merchants
The Latest: An investment arm of China Merchants Group said on Monday it made a non-binding offer to buy out data center operator Chindata Group Holdings Ltd. (CD.US) for $9.60…
Hot but undervalued Chindata attracts owner-led buyout bid
The data center operator has received a preliminary privatization offer from controlling shareholder Bain Capital, but uncertainties remain Key Takeaways: Bain has offered to pay $8 per ADS for the…
FAST NEWS: NaaS Technology Announces Fundraising Plan as Backdoor Merger Nears Completion
The Latest: NaaS Technology Inc. (NaaS), operator of China’s largest independent electric vehicle (EV) charging network, said on Monday it plans to raise money through its ongoing backdoor listing on…
Secoo’s Contraction Slows as It Cleans Up Financial House
Online luxury goods seller was one of the biggest corporate victims of China’s Covid restrictions over the last three yearsKey Takeaways:Secoo’s revenue fell 24% in the first half of 2022,…
Private Equity Buyers Swirl Around VNET. But Will They Find Any Value?
MBK Partners and several other private equity firms are weighing bids for the least-respected of China’s three independent data center operators, according to a media report Key Takeaways: Korea’s MBK…
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