Chindata Group Holdings Limited Sponsored ADR (CD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Chindata Group (CD) has been struggling lately, but the selling pressure may be coming to an end soon.
Tencent Holdings Ltd is the best of China's energy-guzzling cloud services providers when it comes to tackling carbon emissions and procuring from renewable sources, Greenpeace said in a research report. Internet firms now rank among the biggest corporate consumers of electricity, and in China rely largely on carbon-intensive coal-fired power to keep their data centres humming around the clock. The environmental group has predicted that energy consumption by China's data centre industry will rise by two-thirds between 2019 and 2023, at which point the sector's total power use will equal the whole of Australia's.