Financial PerformanceAdjusted EBITDA increased by 6.2% y/y in 2Q24, 4% above market expectations due to better management.
International ExpansionStrong data centre pipeline to support growth, with expansion into overseas markets like Southeast Asia serving as a new growth engine.
Market PositionGDS is the largest player, with a c.7% market share in the carrier-neutral data centre market in China.