US Stock Market Move | Six departments issue documents to promote high-quality development of the data industry, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rises more than 4%.

On Monday, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose more than 4%, reaching $23.24. In terms of news, the National Development and Reform Commission and five other departments recently issued the "Guiding Opinions on Promoting the High-Quality Development of the Data Industry." The "Opinions" propose supporting enterprises in innovating towards artificial intelligence applications, developing high-quality datasets, vigorously developing new formats such as "data as a service," "knowledge as a service," and "model as a service"; promoting third-party services, improving the data resource value assessment service system, and providing strong support for enterprises to lucratively utilize data resources for high-quality development.