GDS Continues To Build Out a Valuable Asian Data Center Portfolio

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 is also excited about its international expansion into Southeast Asia with the with the commitment of a customer for Phase 1 of the Nusajaya Tech Park Data Center in Johor, Malaysia, and the announcement of its selection by the Singapore government along with three other data center operators for a total of about 80 MW of new data center capacity in Singapore. The company claims to have identified over 200 megawatts of demand from Chinese customers in Southeast Asia within the next five years.