HK Stock Market Move | GDS-SW (09698) rises by over 5%, subsidiary DayOne Data Center completes $2 billion C round financing.

GDS-SW (09698) rose by more than 5%, as of the time of drafting, it was up by 4.73% to 39.88 Hong Kong dollars, with a trading volume of 160 million Hong Kong dollars. On the news front, on January 5th, DayOne Data Center, a subsidiary of Wanguo Data, announced the successful completion of a Series C financing with a fundraising scale of 2 billion US dollars, and has signed the final agreement. This round of financing was led by existing investor Coatue Management, with follow-on investments from Indonesia's sovereign wealth fund (INA) and multiple institutions from the United States, Europe, and Asia-Pacific regions, with a pricing premium of 100% compared to the previous round. DayOne clearly stated that this round of financing will be focused on accelerating its expansion strategy in the key markets of Europe and Asia-Pacific. In the European market, funds will be mainly used to advance the construction of two large-scale parks in Lahti and Kouvola, Finland; in the Asia-Pacific region, funds will support the company's continued expansion in the "New Johor" triangle area, while accelerating its presence in Thailand, Japan, and Hong Kong markets to rapidly deliver infrastructure with AI readiness capabilities.