CD - Chindata launches biggest data center in Malaysia

Chindata (NASDAQ:CD) recently launched a new greenfield project in Johor, Malaysia, with a capacity of more than 80 MW ready to be delivered to its anchor client in several phases starting 2022. The company is also finalizing a strategic acquisition in Bangkok, Thailand, which on completion of a technical upgrade, will be hosting 5 MW of IT capacity and capable of supporting key clients' business development in Southeast Asia. "Furthermore, we are also actively exploring opportunities in other countries within Southeast Asia, such as Vietnam and Indonesia," founder & CEO said at Q3 earnings call in late November. As of September end, the company had in total 370 MW of IT capacity in service across China, India and Southeast Asia. Fitch Ratings commented that Chindata's credit profile "will remain solid, supported by the strategic location of its data centers, use of renewable energy and adequate rating headroom."

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Chindata launches biggest data center in Malaysia