GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company has a strategic partnership with GIC Private Limited to develop and operate hyperscale build-to-suit data centers in China. GDS Holdings Limited was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.
IPO Year: 2016
Exchange: NASDAQ
Website: gds-services.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/20/2025 | $53.00 | Outperform → Strong Buy | Raymond James |
| 3/18/2025 | $45.00 | Hold → Buy | Jefferies |
| 2/25/2025 | $26.00 → $37.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/24/2025 | $27.06 → $45.00 | Buy → Hold | Jefferies |
| 2/11/2025 | Neutral → Buy | Daiwa Securities | |
| 1/27/2025 | $35.00 | Mkt Outperform | JMP Securities |
| 7/8/2024 | $13.00 → $14.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 7/7/2023 | $24.50 → $15.50 | Buy | BofA Securities |
| 6/12/2023 | $28.80 → $13.60 | Buy | HSBC Securities |
| 3/17/2023 | $20.00 | Hold → Buy | Deutsche Bank |
SHANGHAI, China, May 20, 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 its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Net revenue increased by 12.0% year-over-year ("Y-o-Y") to RMB2,723.2 million (US$375.3 million) in the first quarter of 2025 (1Q2024: RMB2,432.2 million).Net income was RMB764.1 million (US$105.3 million) in the first quarter of 2025 (1Q2024: net loss of RMB344.9 million).Net income margin was 28.1% in the first quarter of 2025 (1Q2024: net loss
SHANGHAI, China, May 07, 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 it will report its first quarter 2025 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on May 20, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 20, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon re
SHANGHAI, China, March 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 it will report its fourth quarter and full year 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 19, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 19, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the schedu
SHANGHAI, China, Nov. 19, 2024 (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 and South East Asia, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenue increased by 17.7% year-over-year ("Y-o-Y") to RMB2,965.7 million (US$422.6 million) in the third quarter of 2024 (3Q2023: RMB2,519.0 million).Net loss was RMB231.1 million (US$32.9 million) in the third quarter of 2024 (3Q2023: net loss of RMB420.8 million).Adjusted EBITDA (non-GAAP) increased by 15.0%
SHANGHAI, China, Nov. 05, 2024 (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 and South East Asia, today announced that it will report its third quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on November 19, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, November 19, 2024 (9:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before th
SHANGHAI, China, Aug. 21, 2024 (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 and South East Asia, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Net revenue increased by 14.3% year-over-year ("Y-o-Y") to RMB2,826.4 million (US$388.9 million) in the second quarter of 2024 (2Q2023: RMB2,472.0 million). Net revenue increased by 17.7% Y-o-Y in the second quarter of 2024 (excluding previously disclosed one-time items of RMB70.7 million from the same period last year).
SHANGHAI, China, Aug. 07, 2024 (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 and South East Asia, today announced that it will report its second quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on August 21, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 21, 2024 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes befor
SHANGHAI, China, May 22, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS", "GDSH" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Net revenue increased by 9.1% year-over-year ("Y-o-Y") to RMB2,627.4 million (US$363.9 million) in the first quarter of 2024 (1Q2023: RMB2,409.0 million).Net loss was RMB344.9 million (US$47.8 million) in the first quarter of 2024 (1Q2023: net loss of RMB474.6 million).Adjusted EBITDA (non-GAAP) increased by 4.7% Y-o-Y
USA News Group News CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Across the globe, the artificial intelligence (AI) data center revolution is already underway and rapidly gaining momentum. Responding to the AI industry's thirst for more data centers, private equity firms are rushing to build out the necessary infrastructure, but experts warn this thirst can't be satisfied. The rising data center demand also comes with heavier demand on electricity and mined metals such as copper. However, while new data centers are being built everywhere, several developers are improving things behind the scenes to make the
SHANGHAI, China, May 08, 2024 (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 and South East Asia, today announced that it will report its first quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on May 22, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 22, 2024 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the schedu
SHANGHAI, China, May 27, 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 the pricing of its previously announced underwritten registered public offering of 5,200,000 American Depositary Shares ("ADSs"), each representing eight Class A ordinary shares, par value US$0.00005 per share (the "Primary ADSs Offering"), at a public offering price of US$24.50 per ADS (the "Primary ADSs Offering Price"). The underwriters have been granted a 30-day option to purchase up to 780,000 additional ADSs. The offering is expected to close on May 30, 202
SHANGHAI, China, May 27, 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 the pricing of a previously announced registered public offering of 6,000,000 American Depositary Shares ("ADSs"), each representing eight Class A ordinary shares, par value US$0.00005 per share (the "Delta Placement of Borrowed ADSs"), at a public offering price of US$24.50 per ADS (the "Delta Public Offering Price"), which the Company intends to loan (such loaned ADSs, the "Borrowed ADSs") to an affiliate of the underwriter in the ADS offering (such affiliate,
SHANGHAI, China, May 27, 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 the pricing of its previously announced offering (the "Notes Offering") of 2.25% convertible senior notes in an aggregate principal amount of US$500 million due 2032 (the "Notes"). The size of the offering was increased from the previously announced $450 million aggregate principal amount of Notes. The Notes have been offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of
SHANGHAI, China, May 27, 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 the commencement of a proposed offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$450 million due 2032 (the "Notes"), subject to market conditions and other factors, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company expects to grant the initial purchasers in the Notes Offerin
SHANGHAI, China, May 27, 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 the commencement of a proposed registered public offering of American Depositary Shares ("ADSs"), each representing eight Class A ordinary shares, par value US$0.00005 per share, which the Company intends to loan (such loaned ADSs, the "Borrowed ADSs") to an affiliate of the underwriter in the offering (such affiliate, the "ADS Borrower") pursuant to an ADS lending agreement with the ADS Borrower (the "ADS Lending Agreement"). The ADS Borrower or its affiliate
SHANGHAI, China, May 27, 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 the commencement of a proposed offering of 5,200,000 American Depositary Shares ("ADSs"), each representing eight Class A ordinary shares, par value US$0.00005 per share, subject to market and other conditions, in an underwritten registered public offering (the "Primary ADSs Offering"). The underwriters will have a 30-day option to purchase up to 780,000 additional ADSs. The Company will receive all of the net proceeds from the Primary ADSs Offering and plans to
SHANGHAI, China, May 20, 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 its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Net revenue increased by 12.0% year-over-year ("Y-o-Y") to RMB2,723.2 million (US$375.3 million) in the first quarter of 2025 (1Q2024: RMB2,432.2 million).Net income was RMB764.1 million (US$105.3 million) in the first quarter of 2025 (1Q2024: net loss of RMB344.9 million).Net income margin was 28.1% in the first quarter of 2025 (1Q2024: net loss
SHANGHAI, China, May 07, 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 it will report its first quarter 2025 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on May 20, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 20, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon re
SHANGHAI, China, April 28, 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 it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 28, 2025 U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at investors.gds-services.com and on the SEC's website at www.sec.gov. The Company will provide hardcopies of the annual report, free of charge, to its shareholders and ADS holders upon request. Reque
SHANGHAI, China, March 19, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2024. DayOne Data Centers Limited ("DayOne"), previously known as GDS International or GDSI, completed and closed its Series B equity raise on December 31, 2024. At closing, GDS's equity interest in DayOne was diluted from 52.7% to 35.6%. Accordingly, GDS deconsolidated DayOne as a subsidiary and recognized DayOne as an equity investee. In the consolidated financial stateme
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SHANGHAI, China, June 27, 2024 (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 and South East Asia, today announced that it held its Annual General Meeting of Shareholders ("2024 AGM") on June 27, 2024. Each of the resolutions submitted to the shareholders for approval at the 2024 AGM has been approved. Specifically, the shareholders of the Company passed ordinary resolutions approving: Re-election of Mr. Lim Ah Doo as a director of the Company;Re-election of Mr. Chang Sun as a director of the Company;Re-election of Ms. Judy Qing Ye as a director of the
SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS", "GDSH" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the appointment of Ms. Jamie Khoo, currently the Chief Operating Officer ("COO") of GDS, as the Chief Executive Officer ("CEO") of DigitalLand Holdings Limited ("GDS International" or "GDSI"), the holding company for GDS's international data center assets and operations. The appointment is effective at the closing of the Series A capital raise of GDS International which has been announced today. Concurrently, Jamie will step down as
SHANGHAI, China, Dec. 07, 2023 (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 and South East Asia, today announced, effective December 4, 2023, that Mr. Lee Choong Kwong, director of the board of directors ("Board"), resigned from the Board for personal reasons. The Company also announced the appointment of Mr. Liu Chee Ming to the Board as a director effective December 4, 2023. Mr. Liu has been appointed as a director by STT GDC Pte Ltd. pursuant to the exercise of its appointment right under the GDS Articles of Association. Mr. Liu has over 40 years
SHANGHAI, China, June 05, 2023 (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 and South East Asia, today announced that it held its annual general meeting of shareholders of the Company (the "2023 AGM") on June 5, 2023. The Company also held meetings of the holders of the class A ordinary shares (the "2023 Class A Shareholders Meeting"), the holders of the preferred shares (the "2023 Preferred Shareholders Meeting") and the holders of the class B ordinary shares (the "2023 Class B Shareholders Meeting") on June 5, 2023. 2023 AGM Each of
SHANGHAI, China, June 30, 2022 (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 it held its Annual General Meeting of Shareholders ("2022 AGM") on June 30, 2022. Each of the resolutions submitted to the shareholders for approval at the 2022 AGM has been approved. Specifically, the shareholders of the Company passed ordinary resolutions approving: 1. Re-election of Mr. William Wei Huang as a director of the Company;2. Re-election of Ms. Bin Yu as a director of the Company;3. Re-election of Mr. Zulkifli Baharudin as a director of the
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Raymond James upgraded GDS Holdings from Outperform to Strong Buy and set a new price target of $53.00
Jefferies upgraded GDS Holdings from Hold to Buy and set a new price target of $45.00
RBC Capital Mkts downgraded GDS Holdings from Outperform to Sector Perform and set a new price target of $37.00 from $26.00 previously
Jefferies downgraded GDS Holdings from Buy to Hold and set a new price target of $45.00 from $27.06 previously
Daiwa Securities upgraded GDS Holdings from Neutral to Buy
JMP Securities initiated coverage of GDS Holdings with a rating of Mkt Outperform and set a new price target of $35.00
RBC Capital Mkts upgraded GDS Holdings from Sector Perform to Outperform and set a new price target of $14.00 from $13.00 previously
BofA Securities resumed coverage of GDS Holdings with a rating of Buy and set a new price target of $15.50 from $24.50 previously
HSBC Securities resumed coverage of GDS Holdings with a rating of Buy and set a new price target of $13.60 from $28.80 previously
Deutsche Bank upgraded GDS Holdings from Hold to Buy and set a new price target of $20.00