China’s data centers had reached 24GW of delivered capacity by Sept. 27, exceeding the combined total of Europe, the Middle East, Africa and other parts of Asia, according to a SemiAnalysis report cited by PANews. Alibaba, Tencent and Baidu collectively spent $20 billion on capital expenditure in the second quarter, twice the year-earlier amount, and their free cash flow turned negative simultaneously for the first time. ByteDance represented nearly one-fifth of China’s delivered capacity, making it the country’s largest wholesale customer.