Chindata establishes two new subsidiaries in two days
Published 4 February 2021
Chindata Group, a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets established two new subsidiaries within two days: Chindustry, to create more value for digital leaders; Chinpower, to contribute to a greener hyperscale data center industry.
Chindustry’s predecessor is the Group’s Project Delivery BU, which has the successful development and construction experience in planning, designing and building the next-generation hyperscale computing infrastructure.
The Group expects it to provide customized, cost-effective and full-stack solutions for its customers, adapting to global tech giants’ diverse needs.
Chinpower aims to develop a brand-new energy solution for the hyperscale data center industry, the Group released.
These new subsidiaries come after the Group raised $540 million in a U.S. initial public offering priced at the top of a marketed range and climbed 20% in its trading debut in October last year, Chindata Group after raising, according to statistics by Bloomberg.
Globally, investors are eyeing cloud computing service providers, necessary for employees working from home, Bloomberg reported.