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CD - Renewed Focus Clears Distractions For Chindata After Founder's Abrupt Exit
Chindata Group Holdings Limited
Chindata reported its revenue grew 41% in the fourth quarter, as its full-year revenue and EBITDA for 2021 exceeded previous guidance.
Results announcement follows company’s formation of a new management team to focus on its main data center business after abrupt departure of expansion-minded founder.
Despite its recent turbulence, Chindata is still a relative favorite when compared with its two main rivals VNET Group and GDS Holdings Ltd.