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…
CD.US
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…
CD.US
VNET mired in mess of red ink, chairman’s dubious stock maneuvers
The data center operator’s net loss widened in last year’s final quarter, while a maneuver by its chairman to retain control of the company may leave many investors uneasy Key…
VNET.US
GDS Shifts to Deal-Making High-Gear to Keep Funding Its Money-Losing Operations
The data center operator is reportedly in talks to sell a stake in its international business, just a month after raising $580 million from a bond sale Key Takeaways: GDS…
9698.HK
GDS.US
GDS Dials Up New Funds With Convertible Bond Issue
The data center operator will raise $580 million by issuing convertible notes, becoming the latest offshore-listed Chinese company to seize on positive market sentimentKey Takeaways:GDS will raise $580 million by…
FAST NEWS: High Costs Keep GDS in the Red
The latest: Independent data center operator GDS Holdings Ltd. (GDS.US; 9698.HK) reported its net loss widened by 12.6% year-on-year to 339 million yuan ($47.4 million) in the third quarter, marking…
Management-Led Group Advances in VNET Bidding War, as Big Names Line Up to Play
A buyout group led by the data center operator’s chairman has found important new backing for its bid from a major government-affiliated fund Key Takeaways: A government-backed fund has lined…
