GDS Holdings Limited is a premier developer and operator of high-performance data centers across China's primary economic hubs. The company's core business model revolves around providing carrier-neutral and cloud-neutral colocation services, which include leasing secure facility space, power, cooling, and network connectivity. In addition to colocation, GDS offers a suite of value-added services such as managed hybrid cloud services, managed network services, and IT infrastructure management. The company's customer base is predominantly composed of hyperscale cloud service providers, large internet and e-commerce companies, financial institutions, telecommunications carriers, and multinational corporations. By maintaining a carrier-neutral stance, GDS allows its clients to connect seamlessly to all major Chinese telecommunications networks and access the largest domestic and global public clouds hosted within its facilities. Geographically, GDS focuses its operations on tier-one markets in China, including Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu, where demand for high-performance data center infrastructure is most concentrated. In 2024, GDS deconsolidated its international operations (now known as DayOne or GDS International), which operates data centers in Southeast Asia, though it retains a significant minority equity stake in the entity. The company generates the vast majority of its revenue from its domestic colocation and managed services segments.
