Skip to Content

GDS Holdings Ltd ADR GDS Stock Quote

| Rating as of

Morningstar‘s Stock Analysis GDS

Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


GDS Building a Valuable Data Center Portfolio in China’s Tier 1 Cities and Southeast Asia

Dan Baker Senior Equity Analyst

Business Strategy and Outlook

| Dan Baker |

We expect GDS Holdings to continue to purchase and build data centers in and around its focus Tier 1 Chinese cities of Shanghai, Beijing, Shenzhen, Guangzhou, Hong Kong, Chengdu and Chongqing. As its network of interconnected data centers grows it can more easily cater to the demand from its key cloud service provider customers allowing them to expand in a flexible way in their key markets. This also enables key enterprise customers to deploy their hybrid clouds in close proximity to the networked nodes of leading public clouds. The company has also taken the first steps on its international expansion into Southeast Asia with the acquisition of greenfield land in Nusajaya Tech Park in Johor, Malaysia, with developable capacity of 22,500 square meters or 54 megawatts. Beyond Johor, it is actively pursuing a number of other opportunities in Singapore, Kuala Lumpur and Jakarta. It claims to have identified over 200 megawatts of demand from Chinese customers in Southeast Asia within the next five years.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics GDS

Company Profile GDS

Business Description

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expansion plan into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.

No. 999 Zhouhai Road, F4/F5, Building C, Sunland International
Shanghai, 200137, China, People's Republic of
T +86 2120292200
Industry Information Technology Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 1,878