HK Stock Market Move | GDS-SW(09698) up nearly 4% again, with a sharp increase in demand for data centers. The company has layouts in both domestic and overseas markets.

GDS-SW(09698) rose nearly 4% again, rising 3.89% to 25.35 Hong Kong dollars as of press time, with a turnover of 61.19 million Hong Kong dollars. On the news front, the National Development and Reform Commission, the National Bureau of Statistics, and the Ministry of Industry and Information Technology recently jointly issued the "Guidelines for the Construction of National Data Infrastructure". The guidelines propose that by 2029, the main structure of the national data infrastructure will be basically completed. In addition, Trump announced that UAE investors will invest 20 billion US dollars to build data centers in the United States to support the development of artificial intelligence; Microsoft plans to invest 80 billion US dollars in the 2025 fiscal year for the construction of data centers to handle AI workloads, with more than half of the funds to be used in the United States. It is reported that after 2016, GDS further expanded the coverage of data centers in core cities in China, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the central China region, the Guangdong-Hong Kong-Macao Greater Bay Area, Inner Mongolia, and the southwest region. Since 2021, the company has started to lay out in Southeast Asian markets such as Singapore, Malaysia, and Indonesia, gradually forming a Singapore-Johor-Batam strategic area. In 2024, the company will enter the data center market in the city of Fuchu, Japan and expand into the Northeast Asian market.