Welcome to our dedicated page for Chindata Group Holdings news (Ticker: CD), a resource for investors and traders seeking the latest updates and insights on Chindata Group Holdings stock.
Chindata Group Holdings Limited (Nasdaq: CD) serves as Asia-Pacific's premier hyperscale data center operator, delivering cutting-edge solutions across China, India, and Southeast Asia. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments, operational milestones, and financial performance.
Access curated press releases covering critical updates including merger progress with BCPE Chivalry Bidco, energy-efficient innovations like the X-Cooling Maglev system, and quarterly financial results. Discover analysis of Chindata's expansion strategies through its sub-brands Chindata and Bridge Data Centres, recognized for hyper-density clusters and rapid deployment capabilities.
Key content areas include operational updates from major economic zones, technological breakthroughs in power efficiency, and leadership changes. All materials maintain factual reporting on completed transactions and verified performance metrics, including the company's industry-leading 1.21 PUE rating.
Bookmark this page for real-time updates on CD's transition to private ownership and its continued leadership in sustainable data infrastructure. Monitor how Chindata's 35 operational centers with 945MW capacity shape Asia's digital economy landscape.
The APAC data center construction market is projected to grow from $15.17 billion in 2022 to $24.17 billion by 2028, at a CAGR of 8.07%. This growth is driven by governmental support, industrial zone development, and significant investments from cloud service providers. Emerging markets like the Philippines and Vietnam are also attracting interest. Operators are increasingly adopting renewable energy solutions. The deployment of 5G and rising digitalization are key trends, while M&As are boosting market growth. Major players include Chindata Group (CD), Sify Technologies (SIFY), and VNET. Infrastructure advancements are expected as well.
The Thailand data center market is projected to grow from $764 million in 2022 to $1,338 million by 2028, at a CAGR of 9.79%.
New players like Chindata Group and tech giants Amazon Web Services and Google are expected to boost investments in the sector.
Currently, there are 32 operational colocation data centers, primarily designed to Tier III standards. Rising demand for cloud services drives growth in retail and wholesale colocation offerings.
Overall, Thailand is becoming a significant hub for data center operations in Southeast Asia, with investments expected to surge in the coming years.
Chindata Group reported its unaudited financial results for Q4 and FY 2022, highlighting 77.8% revenue growth in Q4 to RMB 1,390.3 million and 59.6% growth for the year at RMB 4,551.7 million. Adjusted EBITDA rose 78.4% in Q4 to RMB 720.9 million, with margins at 51.9%. The company beat market expectations for ten consecutive quarters. For 2023, revenue guidance suggests 30% growth, with total capacity increasing 29.4% YoY to 871MW. A $300 million senior notes offering was completed, enhancing financial flexibility. Overall, the company maintains a strong outlook supported by substantial client commitments and ongoing projects.
Chindata Group Holdings Limited (Nasdaq: CD) announced a change in the timing of its fourth quarter 2022 earnings call, now scheduled for March 15, 2023, at 7:00 A.M. Eastern Time (7:00 P.M. Beijing Time). Participants must register online to receive dial-in information and a unique access PIN for the call. Chindata Group is recognized as a leading hyperscale data center solution provider in Asia-Pacific, specializing in the life cycle of data center infrastructure and services across key regions like China, India, and Southeast Asia.
Chindata Group Holdings Limited (Nasdaq: CD) announced plans to release its unaudited financial results for Q4 and the full year 2022 on March 15, 2023, before market opening. A conference call will follow at 8:00 A.M. Eastern Time to discuss these results. Participants must register via the provided link to receive access details.
Chindata Group specializes in carrier-neutral hyperscale data centers in Asia-Pacific and offers services throughout the facility lifecycle, including planning and operation. Notable operations include Chindata and Bridge Data Centres, with a focus on key economic regions in China, India, and Malaysia.
Chindata Group Holdings Limited (Nasdaq: CD) announced the successful operation of its Shanxi Lingqiu 220kV power transmission project on February 13, 2023, completing it in just six months. This project, designed to provide 360MW of power supply, utilizes innovative technologies that reduce construction costs and time. The new substation features a modular design and a patented transformer, directly stepping down voltage from 220kV to 10kV, enhancing efficiency by minimizing space and conversion stages. This achievement sets a new benchmark for data center power reliability in the Asia-Pacific region, supporting the growing demand for digital computing power.
Chindata Group Holdings Limited (Nasdaq: CD) has announced the pricing of $300 million in senior notes due 2026, bearing an interest rate of 10.5% per annum. The offering successfully attracted over $980 million in orders from high-quality investors across APAC and EMEA, reflecting strong market support despite economic uncertainties. The proceeds will be used for expanding data center investments in China and abroad, along with working capital and R&D initiatives. The notes are rated BBB- by Fitch, marking a significant milestone as the first offshore bond offering by a Chinese ADR issuer since August 2021.
The APAC data center construction market is projected to grow at a CAGR of 8% from 2022 to 2028, reaching a market size of USD 24.17 billion by 2028.
Key drivers include increasing digitalization, 5G investments, and the adoption of AI and IoT technologies. Major players like Google, Facebook, AWS, and Alibaba are expected to significantly invest in the region.
Additionally, the focus on renewable energy sources is rising, with plans from Japan to generate 60% of its energy from clean sources by 2030. New market entrants can seize opportunities by introducing innovative infrastructure to meet growing demand.
The India data center construction market is projected to reach
FAQ
What is the market cap of Chindata Group Holdings (CD)?
