Business

The potential transaction could raise about $1 billion for the Shanghai-based developer of hyperscale data centers.

The forecast signals there may not be a revival of new license sales after hospitality and retail clients delayed software purchases.

Even though its new cloud business is "going through the roof," the company is cutting about 70 of its 5,800-plus employees.

It’s the latest of big funds piecing together vast, comprehensive infrastructure platforms for connectivity and computing.

SoftBank Group Corp.’s Arm Ltd. and its Chinese venture clashed publicly over whether the venture’s CEO had been fired, a dispute that threatens to disrupt a Western company central to the global semiconductor industry.

Using a financing method called "securitization," US-based data center operators have been able to raise more money to finance growth than their European counterparts, who primarily rely on traditional bank financing.

The ability to leverage data and personalization will be a key competitive differentiator.

Its new CEO has continued an unusual company tradition, refusing to disclose the scale of its latest round of job cuts.