Latest news with #GDSHoldings
Associated Press
7 days ago
- Business
- Associated Press
GDS Announces Official Listing and Trading of its C-REIT on the Shanghai Stock Exchange from 8 August, 2025
SHANGHAI, China, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ('GDS Holdings', 'GDS' or the 'Company') (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that its previously announced China REIT ('C-REIT') will be officially listed and start trading on the Shanghai Stock Exchange from 8 August, 2025, under the fund code 508060. About GDS Holdings Limited GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company's facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets. For investor and media inquiries, please contact: GDS Holdings Limited Laura Chen Phone: +86 (21) 2029-2203 Email: [email protected] Piacente Financial Communications Ross Warner Phone: +86 (10) 6508-0677 Email: [email protected] Brandi Piacente Phone: +1 (212) 481-2050 Email: [email protected] GDS Holdings Limited
Yahoo
7 days ago
- Business
- Yahoo
GDS Announces Official Listing and Trading of its C-REIT on the Shanghai Stock Exchange from 8 August, 2025
SHANGHAI, China, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ('GDS Holdings', 'GDS' or the 'Company') (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that its previously announced China REIT ('C-REIT') will be officially listed and start trading on the Shanghai Stock Exchange from 8 August, 2025, under the fund code 508060. About GDS Holdings Limited GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company's facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets. For investor and media inquiries, please contact: GDS Holdings LimitedLaura ChenPhone: +86 (21) 2029-2203Email: ir@ Piacente Financial CommunicationsRoss WarnerPhone: +86 (10) 6508-0677Email: GDS@ Brandi PiacentePhone: +1 (212) 481-2050Email: GDS@ GDS Holdings Limited
Yahoo
02-08-2025
- Business
- Yahoo
GDS Holdings Limited (GDS) Announced Successful Completion of the China REIT IPO
GDS Holdings Limited (NASDAQ:GDS) is one of the . On July 16, GDS Holdings Limited (NASDAQ:GDS) announced its successful completion of the China REIT IPO on the Shanghai Stock Exchange. The offering saw overwhelming demand, with institutional investors oversubscribing by 166 times and retail investors by 456 times, prompting an early closure of the retail tranche. Management noted that the C-REIT is set to begin trading under the fund code 508060 in early August. A top level executive looking out of a skyscraper window, symbolizing the strategic decisions taken by the company. GDS Holdings Limited (NASDAQ:GDS) is a tech company that develops and operates high-performance data centers in China. They provide colocation services, offering space, power, racks, and cooling for IT equipment. While we acknowledge the potential of GDS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
GDS Holdings (GDS) Surges 7.77% on JPMorgan's Bullish Rating
We recently published . GDS Holdings Limited (NASDAQ:GDS) is one of Tuesday's top performers. GDS Holdings rallied by 7.77 percent on Tuesday to close at $37.72 apiece as investor sentiment was bolstered by JPMorgan's more bullish stance on the company. In a market note, the investment firm upgraded GDS Holdings Limited (NASDAQ:GDS) to 'overweight' from 'neutral' and increased its price target to $46 from $34 previously. The new figure marked a 22-percent upside from its latest closing price. According to JPMorgan, the revision was based on growth optimism for its domestic data center operations with the resumption of H20 chip shipments to China. This, in turn, would help grow its China pipeline and bolster revenues. Based on its historical earnings reporting dates, GDS Holdings Limited (NASDAQ:GDS) will announce the results of its second quarter financial and operating performance in the third week of August 2025. A top level executive looking out of a skyscraper window, symbolizing the strategic decisions taken by the company. For full year 2025, GDS Holdings Limited (NASDAQ:GDS) expects revenues to settle between 11.29 billion yuan and 11.59 billion yuan, with adjusted EBITDA of 5.19 billion yuan to 5.39 billion yuan. While we acknowledge the potential of GDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Forbes
15-07-2025
- Business
- Forbes
Chinese Data Center Billionaire Zhou Chaonan's Wealth Jumps On Nvidia AI Chip Sales Resumption
3D rendering illustration of a server room. getty Zhou Chaonan, the billionaire chairman of Chinese data center company Range Intelligent Computing Technology Group, saw her company's shares rally as much as 9.8% on Tuesday on the back of Nvidia's announcement that it plans to resume sales of its H20 artificial intelligence chip to China—a surprise reversal that also boosted Chinese data center stocks broadly. Zhou's Shenzhen-listed Range Intelligent Computing now trades at 51.6 yuan ($7.2) apiece, giving the 64-year-old a fortune of $5.8 billion based on her stake in the company, according to Forbes estimates. Shares in other data center service providers listed in Shenzhen and Hong Kong jumped as well: Beijing Sinnet Technology (6.6%), Kehua Data Co. (7.5%) and GDS Holdings (10.2%). 'Less restrictions on Nvidia sales to China will speed up the country's AI development,' says Shen Meng, Beijing-based managing director at boutique investment bank Chanson & Co. 'This will in turn lead to more demand for data centers.' The data center operators, which use Nvidia's H20 chips to crunch and process data for various AI services, have been struggling to find a local alternative that is as good as Nvidia's, according to Kenny Ng, a Hong Kong-based securities strategist at Everbright Securities International. The surprise announcement from the American technology giant has boosted investor confidence in their growth outlook, Ng says. In a Monday blog post, Nvidia's billionaire CEO Jensen Huang, who is now the world's eighth richest person with a net worth of $143 billion, announced that the company is expected to receive U.S. government licenses to sell H20 chips to China again. The product, which has already been rendered less powerful so that it can comply with U.S. export restrictions on semiconductor sales to China, once faced even tighter controls back in April. At the time, Nvidia took a $5.5 billion write-off as the Trump administration ratcheted up restrictions on advanced AI chip sales to China. The dramatic reversal comes after Huang met with U.S. President Donald Trump last week. The billionaire is now in Beijing to attend a trade expo, according to the official Xinhua News Agency. 'The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,' the company wrote in a blog post. Chanson & Co.'s Shen says the U.S. about-face comes as the Trump administration might seek to use the H20 sales resumption as a negotiation tactic with China. Although the world's two largest economies have settled on a trade truce earlier this year, many sticking points remain, including Beijing's slow-walking of rare earth sales approval to overseas markets including the U.S. The rare earth magnets are used in industries ranging from automobiles to robotics, and restrictions from China—which effectively controls the world's production of such metals—have caused disruption in factory productions around the world. Billionaire Elon Musk said in April that China's export curbs on rare earths had affected the production of Tesla's Optimus humanoid robot. 'The U.S. can't stop China's development of chip technology whether it restricts Nvidia sales or not,' says Shen. 'The change in its policies can help to reduce trade frictions, and alleviate restrictions on export of rare earth metals.'
