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GDS Holdings Limited (GDS) operates as a leading developer and operator of high-performance data centers and cloud infrastructure across China and Southeast Asia. This page aggregates official announcements, financial updates, and strategic developments for investors tracking the company’s growth in the digital infrastructure sector.
Access timely updates on earnings reports, facility expansions, and technology partnerships, all critical for understanding GDS’s position in serving hyperscale cloud providers and enterprises. The curated news collection helps stakeholders monitor operational milestones, including deployments of its proprietary CloudMixTM platform and expansions in Tier 1 cities.
Content spans financial disclosures, infrastructure projects, and industry leadership initiatives, providing a comprehensive view of GDS’s role in enabling secure, scalable data solutions. Bookmark this page for streamlined access to verified information directly impacting the company’s market performance and technological advancements.
GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading data center developer in China and South East Asia, reported its Q2 2024 financial results. Net revenue rose by 14.3% Y-o-Y to RMB2,826.4 million (US$388.9 million), driven by ongoing business growth.
Adjusted EBITDA increased by 6.2% Y-o-Y to RMB1,312.2 million (US$180.6 million) with a margin of 46.4%. However, the company reported a net loss of RMB231.8 million (US$31.9 million).
Operationally, the total committed and pre-committed area increased by 18.7% Y-o-Y to 756,992 sqm. International business saw significant growth with a 690.2% increase in net revenue to RMB255.5 million (US$35.2 million).
The commitment rate for the area in service was stable at 92.5%, while the area under construction grew to 226,272 sqm. The company maintains its revenue guidance for 2024 at RMB11,340 – RMB11,760 million.
GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, has announced it will release its second quarter 2024 unaudited financial results on August 21, 2024. The results will be published after the Hong Kong market closes and before the U.S. market opens. Following the release, the company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Hong Kong Time) on the same day.
Participants are required to register online at least 15 minutes before the call starts to receive access information. A live and archived webcast of the conference call will also be available on the company's investor relations website.
GDS Holdings announced the results of its Annual General Meeting held on June 27, 2024. All resolutions proposed were approved by shareholders.
The resolutions included the re-election of three directors: Mr. Lim Ah Doo, Mr. Chang Sun, and Ms. Judy Qing Ye. Additionally, KPMG Huazhen LLP was confirmed as the independent auditor for the fiscal year ending December 31, 2024.
Shareholders also authorized the Board of Directors to issue equity or equity-linked securities up to 30% of the existing share capital within 12 months from the AGM date. Lastly, directors and officers were authorized to execute necessary actions to implement these resolutions.
GDS Holdings will hold its 2024 Annual General Meeting (AGM) on June 27, 2024, at 4:00 p.m. China Standard Time in Singapore. Shareholders of record as of June 5, 2024, are entitled to vote. Holders of American Depositary Shares (ADSs) must instruct JPMorgan Chase Bank to vote on their behalf. The AGM will address various resolutions requiring shareholder approval, detailed in the notice available on the company’s website and major financial regulatory websites. GDS has also filed its annual report for the fiscal year ending December 31, 2023, accessible on their website and the SEC’s website.
GDS Holdings , a major data center developer in China and SE Asia, reported its Q1 2024 results. Net revenue rose 9.1% YoY to RMB2,627.4 million (US$363.9 million). Net loss was RMB344.9 million (US$47.8 million), down from RMB474.6 million YoY. Adjusted EBITDA grew 4.7% YoY to RMB1,183.4 million (US$163.9 million), with a margin of 45.0%. Operating highlights showed a 5.4% increase in total area committed to 668,012 sqm and a 12.5% increase in area in service to 583,229 sqm. Key developments include an upsized private equity raise to US$672 million for GDSI. The company reaffirmed its 2024 financial guidance.
GDS Holdings will report its first quarter 2024 financial results on May 22, 2024, after the close of the Hong Kong market and before the U.S. market opens. The earnings conference call will be held at 8:00 AM U.S. Eastern Time. Online registration is required to participate in the call.
GDS Holdings filed its 2023 annual report on Form 20-F with the SEC, showcasing its operational and financial performance for the fiscal year ended December 31, 2023. The report can be accessed on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request hardcopies of the report for free.
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