On February 6, 2026, GDS Holdings Limited (NASDAQ: GDS, HKEX: 9698, “GDS”) completed a private placement of USD 300 million in Series B convertible preferred shares to Huatai Capital Investment Co., Ltd., a Chinese institutional investor. The proceeds will be used for the expansion of data center capacity and for general corporate purposes.
GDS is a leading developer and operator of high-performance data centers and IT infrastructure services in China. Its data centers are strategically located in key economic hubs across the country. GDS’s customer base primarily includes major domestic private enterprises and multinational corporations who are hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, and IT service providers.
Fangda acted as PRC counsel to the underwriter and participated throughout the transaction. The Fangda team was led by partners Doris TANG and Brain LIU. Team members included SHI Shengjie, ZHU Zhenying, Merlin SONG and Kerry HUANG.