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…
BRIEF: GDS completes IPO for its data center property REIT
Data center operator GDS Holdings Ltd. (GDS.US; 9698.HK) said on Wednesday it has completed the spin off and separate listing in Shanghai of a real estate investment trust (REIT) containing…
Moore Threads taps China IPO investors as it faces challenges, opportunities
The GPU maker hopes to benefit from China’s drive to develop its domestic chip industry, as it navigates growing obstacles from U.S. sanctions Key Takeaways: Moore Threads has filed for…
BRIEF: GDS revenue rises, spins off international unit
Data center operator GDS Holdings Ltd. (GDS.US: 9698.HK) said on Wednesday its revenue rose 9.1% year-on-year in the fourth quarter to 2.69 billion yuan ($372 million), while its net loss…
GDS preparing to spin off its global business?
The data center operator is reportedly in talks to sell a stake in its fast-expanding global operation to several major investors, including Hillhouse and Boyu Capital Key Takeaways: GDS is…
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…
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