HK Stock Market Move | GDS-SW(09698) rose by over 11% again, with rumors circulating that the company is considering spinning off its international business for a US listing.

GDS-SW (09698) rose by more than 11%, reaching 11.33% at the time of publication, with a price of 33.4 Hong Kong dollars and a turnover of 3227.49 million Hong Kong dollars. On the news front, there were media reports recently that, according to informed sources, GDS International is considering an IPO in the United States to raise about $500 million. GDS International may try to list GDSI as early as this year. GDS is negotiating with banks on the IPO matter. The relevant work is still ongoing, and the final transaction may not necessarily proceed. GDS did not respond to requests for comment. HAITONG INT'L believes that the rapid iteration of large AI models, especially the substantial progress in AI applications, will drive the accelerated construction of global computing centers and form a new round of high prosperity cycle. The bank pointed out that the company is in a leading position in the Chinese IDC industry, both in terms of data center scale and in rankings from third-party consulting reports. In particular, the company's overseas business expansion is of immense scale, which is rare among domestic companies and plays a strong role in the overall development of the company's future.