The Latest Breaking News from Ju Jing

Chindata Potentially Up for Sale as M&A Heats Up in China Data Centers

Key Takeaways: Data center operators GDS and EdgeConneX have reportedly expressed interest in making bids for Chindata Chindata’s control by U.S. private equity giant Bain and the recent departure of its founder may make it ripe for such a buyout By Doug Young   

Benzinga · Apr 25, 2022

Renewed Focus Clears Distractions for Chindata After Founder's Abrupt Exit

Key takeaways: •      Chindata reported its revenue grew 41% in the fourth quarter, as its full-year revenue and EBITDA for 2021 exceeded previous guidance

Benzinga · Mar 14, 2022

Chindata Charts Life After Founder, But Uncertainty Keeps Investors at Bay

Key takeaways: •      Chindata said it has agreed with its founder Ju Jing on terms of his departure, including a substantial reduction of his super-voting shares •      Plan will help the company move forward, though uncertainty remains over new businesses that Ju was promoting

Benzinga · Jan 19, 2022