Bain Capital is actively seeking to divest its stake in WinTriX DC Group's China operations, with an anticipated valuation surpassing $4 billion (approximately RMB 28.96 billion). By 2025, WinTriX's China business is forecasted to generate approximately RMB 4 billion in EBITDA. This sale comes amidst a surge in data center valuations fueled by the growing prominence of AI. Notably, Fitch Ratings has recently downgraded WinTriX's credit rating, citing concerns over waning demand and heightened competition within China's hyperscale data center industry. Notably, ByteDance, a major player in the tech sector, stands as WinTriX's largest customer, accounting for 86% of its revenue in 2022.
