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.
Chindata Group (NASDAQ: CD) has signed a strategic agreement with the Datong municipal government for a zero-carbon digital infrastructure project named PEACH BLOSSOM LAND in Datong, Shanxi province. This initiative aims to develop a hyperscale green data center cluster, leveraging the region's energy resources to support various zero-carbon service scenarios including renewable energy storage and smart agricultural technologies. The project is expected to significantly boost local GDP and transform service industries through green energy utilization.
Chindata Group (NASDAQ: CD) has entered into a strategic partnership with Tencent to enhance cloud computing infrastructure aimed at achieving China’s carbon neutrality goals. This collaboration will focus on smart industry initiatives, including projects across government, medical care, and tourism. The partnership will also explore site selection for data centers, and establish a national joint laboratory for cloud computing infrastructure. Both companies aim to increase clean energy use and provide tailored digital transformation solutions.
Chindata Group presented innovative solutions for carbon neutrality at the 2021 China Entrepreneurs Forum. CEO Alex Ju introduced the concept of a “Super Energy Complex,” focusing on integrating data centers into various energy scenarios like municipal heating and cold chain logistics.
Ju emphasized leveraging energy transfer processes from data centers to enhance efficiency. This model aims to support digitalization and provide sustainable energy solutions across industries, positioning Chindata Group at the forefront of the transition to clean energy.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q1 2021, with revenues up 63.9% year-over-year to RMB643.4 million (US$98.2 million) and net income of RMB58.2 million (US$8.9 million). Adjusted net income surged by 175.8% to RMB109.3 million (US$16.7 million), marking an adjusted EBITDA of RMB307.8 million (US$47.0 million), a 70.4% increase. The company continues to lead in green energy initiatives, ranking first among Chinese cloud service providers in environmental performance. Chindata's outlook remains positive, forecasting 2021 revenues between RMB2,700 million and RMB2,780 million.
Chindata Group (Nasdaq: CD) has been awarded the first prize for Carbon Neutral Data Centers by the China Academy of Information and Communications Technology, recognizing its Taihang Mountain Energy and Information Technology Industrial Campus in Shanxi, China. This campus features Asia's largest hyperscale data center and has maintained 100% renewable energy usage with zero carbon emissions for 2019 and 2020. By aligning with China's 2030 carbon neutral roadmap, Chindata Group aims to integrate renewable energy with hyperscale data centers to drive decarbonization in digital infrastructure.
Chindata Group Holdings Limited (Nasdaq: CD) plans to release its first quarter 2021 financial results on May 20, 2021, before market opening. A conference call will be held at 8:00 A.M. EST to discuss these results. Participants must register online to receive access details. Chindata is a leading hyperscale data center provider in Asia-Pacific, focusing on facility planning and IT ecosystem services. The company operates under the brands Chindata and Bridge Data Centres, serving key economic areas in China, India, and Southeast Asia.
Chindata Group (NASDAQ: CD) achieved the top ranking (85/100) in Greenpeace's annual clean energy rankings for China's tech industry, scoring a perfect 40/40 in renewable energy performance. In 2020, the company's owned data centers utilized 505 million kilowatt-hours of renewable energy, representing 51% of its total power consumption and 0.02% of China's power capacity. Chindata is also developing China's tech industry's first 150MW photovoltaic power station and is committed to achieving carbon neutrality by 2030, standing out as the only major Chinese firm to make this promise.
Chindata Group (NASDAQ: CD) participated in the 2021 Boao Forum for Asia, commencing on April 20, 2021, focusing on global governance and the Belt and Road Initiative (BRI). CEO Alex Ju discussed leveraging digital infrastructure for RCEP’s goals: policy communication, infrastructure connectivity, trade facilitation, capital flow, and people-to-people exchanges. By Q4 2020, Chindata had 489 IT MW capacity and over 40 IT MW in interest orders in Southeast Asia. During the forum, Ju met with RCEP ambassadors to discuss the company’s regional business strategies.
Chindata Group's CEO, Alex Ju, met with Indonesian Ambassador Djauhari Oratmangun on April 19, 2021, to discuss digital infrastructure in the Asia-Pacific region during the Boao Forum. Ju emphasized the company's commitment to enhance its business operations in Indonesia as part of the RCEP initiative, aiming to facilitate digital transformation. Chindata Group, the only carrier-neutral digital infrastructure platform in Asia-Pacific, reported a total IT capacity of 489 MW, focusing on RCEP-related countries like China and Malaysia by the end of Q4 2020.
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