After years on the sidelines, VNET seizes on China’s AI moment with new CATL tie-up
China’s oldest independent data center operator is finding its footing in the AI era, helped by a new $1 billion investment from battery champion CATL Key Takeaways: Once a data…
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…
VNET gets vote of confidence amid deepening AI focus
HSBC upgraded its rating on the data center operator to ‘buy,’ citing its focus on building up its artificial intelligence capabilities Key Takeaways: HSBC upgraded its rating on VNET to…
GDS under pressure to step up overseas expansion as China market cools
The data center operator’s revenue growth slowed in the third quarter, as it officially launched its first offshore data center in Malaysia Key Takeaways: GDS’ revenue grew 6.4% in the…
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…
Chindata set to ride AI-powered explosion in demand for data storage, processing
The data center operator has forecast 30% revenue growth this year, but says there’s potential for upside as its customers roll out new data-hungry AI applications Key Takeaways: • Chindata…
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