Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, tailor-made to their scale and requirements throughout the planning, design, construction and operation process. The company was formerly known as BCPE Bridge Stack Limited and changed its name to Chindata Group Holdings Limited in April 2020. Chindata Group Holdings Limited was founded in 2015 and is headquartered in Beijing, China.
IPO Year: 2020
Exchange: NASDAQ
Website: chindatagroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2022 | $8.30 | Neutral → Outperform | Credit Suisse |
| 12/13/2021 | $8.30 | Outperform → Neutral | Credit Suisse |
| 8/18/2021 | $18.00 | Overweight | JP Morgan |
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BEIJING, June 20, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated June 6, 2023 (the "Proposal"), has retained Citigroup Global Markets Asia Limited as its independent financial advisor and Gibson, Dunn & Crutcher as its U.S. legal counsel to assist it in this process. The Company cautions its shareho
BEIJING, March 04, 2022 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced the appointment of Ms. Qian Xiao as President of Chindata Group, Mr. Xinyue Fan as Chief Operating Officer, and Mr. Binghua Zhang as Chief Technology Officer, effective immediately. Ms. Qian Xiao has served as our chief operating officer since August 2019 and our director since July 2019. Prior to joining us, Ms. Xiao served as a senior vice president of Wangsu Science and Technology Co., Ltd. (SZSE: 300017) from 2011 to 2019. Prior to that, Ms. Xiao
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6-K - Chindata Group Holdings Ltd (0001807192) (Filer)
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6-K - Chindata Group Holdings Ltd (0001807192) (Filer)
6-K - Chindata Group Holdings Ltd (0001807192) (Filer)
BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the second quarter and half year 2023 ended June 30, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Solid growth and profitability momentum
BEIJING, July 31, 2023 /PRNewswire/ -- Chindata Group, ("Chindata" or the "Company") (Nasdaq: CD), an industry leader in carrier-neutral hyperscale data center solutions, recently released its 2022 Environmental, Social, Governance (ESG) report, showing the Company's impressive achievements in ESG management and green transformation. Most notably, Chindata's annual operating power usage effectiveness (PUE), a standard efficiency metric for power consumption in data centers, reached 1.21, significantly better than the industry average. The Company also announced the enterprise's supply chain carbon emissions for the first time. Chindata is fully committed to the goal of zero carbon, integrati
BEIJING, July 28, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited second quarter 2023 financial results on Thursday, August 31, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Thursday, August 31, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results. In advance of the conference call, all participants must use the link provided below to complete the online registration process. Upon registering
BEIJING, May 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the first quarter ended March 31, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Solid growth and profitability momentum continued, realizin
BEIJING, May 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited first quarter 2023 financial results on Wednesday, May 31, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Wednesday, May 31, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results. In advance of the conference call, all participants must use the link provided below to complete the online registration process. Upon registering, each
BEIJING, March 15, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the fourth quarter and the fiscal year of 2022 ended December 31, 2022. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Realizing ten straight
BEIJING, March 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has modified the start time for its fourth quarter 2022 conference call on March 15, 2023. The call will now begin one hour earlier at 7:00 A.M. Eastern Time, or 7:00 P.M. Beijing time on the same day. In advance of the conference call, all participants must use the link provided below to complete the online registration process. Upon registering, each participant will receive a set of participant dial-in numbers and a unique access PIN, which
BEIJING, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited fourth quarter and full year 2022 financial results on Wednesday, March 15, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Wednesday, March 15, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results. In advance of the conference call, all participants must use the link provided below to complete the online registration pro
BEIJING, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the third quarter 2022 ended September 30, 2022. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Solid growth and profitability momentum continued,
BEIJING, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited third quarter 2022 financial results on Tuesday, November 22, 2022, before the market opens. The Company will hold a conference call at 7:00 A.M. on Tuesday, November 22, 2022, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results. In advance of the conference call, all participants must use the link provided below to complete the online registration process. Upon registerin
The Company also announced today that it has requested that trading of its ADSs on the Nasdaq Global Select Market ("Nasdaq") be suspended as of December 18, 2023 (New York time). The Company has requested that Nasdaq file a Form 25 with the Securities and Exchange Commission (the "SEC") notifying the SEC of the delisting of the Company's ADSs on Nasdaq and the deregistration of the Company's registered securities. The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC
Chindata Group Holdings expects adjusted EBITDA of RMB3.10 billion – RMB3.220 billion, a 31.0%-35.6% increase over the full year of 2022.
Chindata Group Holdings (NASDAQ:CD) reported quarterly EPADS of $0.08 per share. This is a 20 percent decrease over earnings of $0.10 per share from the same period last year. The company reported $214.28 million in sales this quarter. This is a 38.26 percent increase over sales of $154.98 million the same period last year.
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Jefferies analyst Edison Lee downgrades Chindata Group Holdings (NASDAQ:CD) from Buy to Hold and lowers the price target from $10.73 to $8.6.
The Company's directors caution shareholders that no decisions have been made with respect to the Company's response to either proposal.
Credit Suisse upgraded Chindata Group Holdings from Neutral to Outperform and set a new price target of $8.30
Credit Suisse downgraded Chindata Group from Outperform to Neutral and set a new price target of $8.30
JP Morgan initiated coverage of Chindata Group with a rating of Overweight and set a new price target of $18.00
DBS Bank initiated coverage of Chindata Group Holdings with a rating of Buy and set a new price target of $25.20
Jefferies Financial Group initiated coverage of Chindata Group with a rating of Buy and set a new price target of $26.04
Jefferies initiated coverage of Chindata Group Holdings with a rating of Buy and set a new price target of $26.04
Jefferies initiated coverage of Chindata Group with a rating of Buy
BEIJING, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced the completion of its merger (the "Merger") with BCPE Chivalry Merger Sub Limited ("Merger Sub"), a wholly owned subsidiary of BCPE Chivalry Bidco Limited ("Parent"), pursuant to the previously announced agreement and plan of merger dated as of August 11, 2023 (the "Merger Agreement"), by and among the Company, Parent and Merger Sub. As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly owned subsidiary of Par
BEIJING, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that at an extraordinary general meeting of shareholders (the "EGM") held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the execution, delivery and performance of the previously announced agreement and plan of merger, dated as of August 11, 2023 (the "Merger Agreement"), among the Company, BCPE Chivalry Bidco Limited, an exempted company with limited liability incorporated under the laws o
BEIJING, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on December 4, 2023 at 10:30 a.m. (Beijing time), at No. 47 Laiguangying East Road, Chaoyang District, Beijing, People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement"), dated August 11, 2023, among the Company, BCPE Chivalry Bidco
BEIJING, Sept. 1, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, announced its unaudited financial report for the second quarter of 2023 on August 31, 2023. The report showed a revenue of RMB 1,553.8 million, representing 49.7% year over year ("YoY") growth, with adjusted EBITDA at RMB 816.1 million, marking a YoY growth of 49.9%. Adjusted EBITDA profit margin came in at 52.5% and net income was RMB 219.2 million, representing a YoY increase of 9.8%. Pre-tax return on invested capital (ROIC) also increased to 19.3%. Overall, for the fi
BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the second quarter and half year 2023 ended June 30, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Solid growth and profitability momentum
BEIJING, Aug. 23, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in emerging Asia-Pacific markets, launched a full-stack solution for data centers, addressing the power and cooling issues of high-computational servers at the Artificial Intelligence Generated Content (AIGC) era. The announcement came at the Data Center New Technology Development Forum during the 2023 China Computational Conference on August 18 in Yinchuan City, China. As hyperscale data centers require considerable computing power and energy, the industry grapples with the need for technological advances
BEIJING, Aug. 11, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BCPE Chivalry Bidco Limited ("Parent") and BCPE Chivalry Merger Sub Limited, a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of t
BEIJING, July 31, 2023 /PRNewswire/ -- Chindata Group, ("Chindata" or the "Company") (Nasdaq: CD), an industry leader in carrier-neutral hyperscale data center solutions, recently released its 2022 Environmental, Social, Governance (ESG) report, showing the Company's impressive achievements in ESG management and green transformation. Most notably, Chindata's annual operating power usage effectiveness (PUE), a standard efficiency metric for power consumption in data centers, reached 1.21, significantly better than the industry average. The Company also announced the enterprise's supply chain carbon emissions for the first time. Chindata is fully committed to the goal of zero carbon, integrati
BEIJING, July 28, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited second quarter 2023 financial results on Thursday, August 31, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Thursday, August 31, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results. In advance of the conference call, all participants must use the link provided below to complete the online registration process. Upon registering
BEIJING, July 13, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (NASDAQ:CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee of its board of directors received a preliminary non-binding proposal letter from China Merchants Capital Holdings (International) Limited ("CMC"), to acquire all of the outstanding shares of the Company for US$4.6 per ordinary share (or US$9.2 per ADS) in cash. On July 12, 2023, the Company also received a letter from BCPE Bridge Cayman, L.P. and BCPE Stack Holdings, L.P. (collectively, the "Bain Shareholders") stating that