香港交易及結算所有限公司、香港聯合交易所有限公司（「香港聯交所」）及香港中央結算有限公 司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因 本公告全部或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 萬國數據控股有限公司*（「本公司」）以不同投票權控制。股東及有意投資者務請留意投資不同 投票權架構公司的潛在風險，特別是不同投票權受益人的利益未必總與股東整體利益一致，而 不論其他股東如何投票，不同投票權受益人會對股東決議案的結果有重大影響。我們的美國存 託股（每股美國存託股代表八股A類普通股）於美國納斯達克全球市場上市，股份代號為GDS。 承董事會命 GDS Holdings Limited 萬國數據控股有限公司* （於開曼群島以GDS Holdings Limited的名稱註冊成立及以不同投票權控制的有限公司， 並以GDS WanGuo Holdings Limited於香港經營業務） （股份代號：9698） 自願公告 本公告由萬國數據控股有限公司（「本公司」或「萬國數據」，連同其附屬公司統稱 「本集團」）自願作出。 本公司宣佈，其已與DayOne Data ...

Core Viewpoint - GDS Holdings Limited has entered into definitive agreements with DayOne Data Centers Limited for a share repurchase valued at US$385 million, allowing GDS to recycle a significant portion of its investment in DayOne at a high multiple [1][2]. Group 1: Share Repurchase Details - The share repurchase will enable GDS to recycle approximately 95% of its principal invested in DayOne at a nearly 6.5 times multiple of money [2]. - The repurchase price per ordinary share is aligned with DayOne's recent Series C convertible preferred share issuance, which is over US$2.0 billion [1]. - GDS's remaining equity interest in DayOne, as implied by the Series C new issue price, is over US$2.2 billion, equivalent to US$11.18 per GDS American Depositary Share [2]. Group 2: Future Investment Plans - GDS intends to reallocate the proceeds from the share repurchase to invest in new business opportunities with attractive return potential in its core business in China [2]. Group 3: Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in key demand hubs [3]. - The company has a 25-year track record of service delivery, catering to large customers including hyperscale cloud service providers and multinational corporations [3]. - GDS's data centers are characterized by large net floor area, high power capacity, and multiple redundancies, making them carrier and cloud-neutral [3].

Core Viewpoint - The Nasdaq China Golden Dragon Index rose over 3%, indicating a strong performance in Chinese concept stocks [1] Group 1: Stock Performance - Zhihu (ZH.US) surged by 22% [1] - Kingsoft Cloud (KC.US) increased by over 20% [1] - GDS Holdings (GDS.US) rose by over 9% [1] - Tuya Smart (TUYA.US) climbed nearly 9% [1] - Alibaba (BABA.US) gained 8% [1] - Century Internet (VNET.US) increased by over 7% [1]

Group 1 - The Chinese government has adjusted the export tax rebate policy for photovoltaic and battery products, reducing the VAT export rebate rate for battery products from 9% to 6% starting April 1, 2026, and fully canceling it by January 1, 2027, with a three-month transition period [2] - The purpose of the policy adjustment is to compress the profit margins of low-value-added production, encourage companies to transition to high-value-added products, and guide enterprises to establish overseas production to mitigate geopolitical risks [2][3] - The lithium carbonate futures market has seen a significant increase, with the main contract closing at 156,060 yuan per ton, marking a 9% increase and the first time surpassing the 150,000 yuan mark in two years, driven by policy changes and improved fundamentals [2] Group 2 - In the photovoltaic sector, companies are expected to accelerate order deliveries during the transition period, leading to a significant increase in export growth in the first quarter of 2026, particularly benefiting leading companies with high export ratios [3] - From 2027 onwards, industry differentiation is expected to intensify, with overseas production capacity becoming a core competitive advantage for leading companies like CATL, BYD, and LONGi, as domestic production costs will rise by 6-9% due to the cancellation of tax rebates [3] - The exit of outdated production capacity is anticipated to significantly increase industry concentration, with the top five companies expected to exceed 80% market share by 2027, enhancing pricing power and overall profitability in the industry [3] Group 3 - The Federal Reserve Chairman Jerome Powell is under criminal investigation related to the renovation of the Federal Reserve's headquarters, which has escalated tensions with former President Trump, who has previously criticized Powell for not lowering interest rates [4][5] - Powell described the investigation as unprecedented and questioned its motives, asserting that he would not succumb to political pressure while fulfilling his duties [4][5][7] Group 4 - Gold and silver prices have surged, with gold surpassing $4,600 and silver exceeding $83, driven by increased geopolitical risks and expectations of interest rate cuts following poor non-farm payroll data [8][9] - The U.S. government is considering various options to intervene in Iran, including military actions, which has contributed to rising demand for safe-haven assets like gold [8][9] Group 5 - ByteDance has significantly increased its investment in data centers, with a capital expenditure budget of approximately 160 billion yuan for 2025, including nearly 70 billion yuan specifically for data center infrastructure and network equipment [10][11] - The bidding activity for AI data centers has accelerated, with major projects like a 1 GW project already announced, indicating a robust demand surge starting in the fourth quarter of 2025 [11][14] - The improvement in AI chip supply, particularly the easing of export restrictions on NVIDIA's H200 chips, has facilitated the resumption of data center construction plans that were previously hindered by chip shortages [12][15] Group 6 - The domestic AI data center bidding landscape is expected to benefit from the scarcity of resources, with operators possessing high-quality resources having a stronger ability to fulfill orders and maintain pricing power [19] - The preference for bidding is concentrated in regions with lower electricity costs, such as Inner Mongolia and Shanxi, which will significantly reduce operational costs for data centers [19] - The domestic liquid cooling sector is poised for recovery as demand from AI data centers exceeds expectations, benefiting local manufacturers closely tied to major internet companies [18]

Core Viewpoint - The article highlights the positive outlook for Chinese assets, with foreign investment increasingly favoring the Chinese stock market, projecting significant growth in the coming years [4][5]. Group 1: Market Performance - As of January 12, U.S. stock indices opened lower, with the Dow Jones down 0.46%, S&P 500 down 0.21%, and Nasdaq down 0.19% [1][2]. - In contrast, Chinese concept stocks saw a significant rise, with the Nasdaq Golden Dragon China Index increasing over 3.2% [2]. Group 2: Foreign Investment Sentiment - Goldman Sachs released a report on January 5, recommending an overweight position in Chinese stocks for 2026, citing a significant valuation discount compared to global peers [4]. - Multiple foreign institutions expressed optimism for Chinese assets by the end of 2025, predicting annual growth of 15% to 20% for the Chinese stock market in 2026 and 2027 [4]. Group 3: Structural Investment Opportunities - Fidelity International noted that the Chinese market presents strong attractiveness in 2026, driven by ongoing policy support creating structural investment opportunities [5]. - The "anti-involution" policy is expected to help companies return to substantial profit growth, with local firms making rapid advancements in technology and innovation [5]. Group 4: Notable Stock Performances - Specific Chinese concept stocks experienced significant gains, including Zhihu up over 21%, Kingsoft Cloud up over 18%, Agora up nearly 10%, Alibaba up over 8%, and others showing increases of 3% to 8% [5][6].

Group 1 - The core point of the article is that GDS Holdings Limited's subsidiary, DayOne Data Center, has successfully completed a Series C financing round, raising $2 billion, with a valuation increase of 100% compared to the previous round [1] - The financing was led by existing investor Coatue Management, with participation from Indonesia's sovereign wealth fund (INA) and various institutions from the US, Europe, and Asia-Pacific [1] - The funds raised will primarily be used to accelerate expansion strategies in key markets in Europe and Asia-Pacific, focusing on the construction of large-scale data centers in Finland and ongoing expansion in the "New Greater Bay Area" [1] Group 2 - In the European market, the financing will support the development of two major data center parks in Lahti and Kouvola, Finland [1] - In the Asia-Pacific region, the funds will facilitate continued expansion in Thailand, Japan, and Hong Kong, aiming to deliver AI-ready infrastructure quickly [1] - As of the report, GDS Holdings' stock price increased by 3.62% to HKD 39.46, with a trading volume of HKD 179 million [1]

万国数据-SW(09698)再涨超5%，截至发稿，涨4.73%，报39.88港元，成交额1.6亿港元。 DayOne明确表示，本轮融资将重点用于加速其在欧洲和亚太两大关键市场的扩张战略。在欧洲市场， 资金将主要用于推进芬兰拉赫蒂（Lahti）和科沃拉（Kouvola）两大超大规模园区的建设；在亚太地 区，资金将支持公司在"新柔廖"三角区的持续扩展，同时加速在泰国、日本和香港市场的布局，以快速 交付具备AI就绪能力的基础设施。 消息面上，1月5日，万国数据旗下国际业务平台DayOne数据中心宣布成功完成C轮融资，募资规模达20 亿美元，并已签署最终协议。本轮融资由现有投资者Coatue Management领投，印尼主权财富基金 （INA）以及来自美国、欧洲和亚太地区的多家机构跟投，融资定价较上一轮溢价100%。 ...

DayOne明确表示，本轮融资将重点用于加速其在欧洲和亚太两大关键市场的扩张战略。在欧洲市场， 资金将主要用于推进芬兰拉赫蒂（Lahti）和科沃拉（Kouvola）两大超大规模园区的建设；在亚太地 区，资金将支持公司在"新柔廖"三角区的持续扩展，同时加速在泰国、日本和香港市场的布局，以快速 交付具备AI就绪能力的基础设施。 消息面上，1月5日，万国数据旗下国际业务平台DayOne数据中心宣布成功完成C轮融资，募资规模达20 亿美元，并已签署最终协议。本轮融资由现有投资者Coatue Management领投，印尼主权财富基金 （INA）以及来自美国、欧洲和亚太地区的多家机构跟投，融资定价较上一轮溢价100%。 智通财经APP获悉，万国数据-SW(09698)再涨超5%，截至发稿，涨4.73%，报39.88港元，成交额1.6亿 港元。 ...

Core Viewpoint - GDS Holdings Limited has shown strong performance, driven by its subsidiary's successful fundraising of $2 billion to support global expansion efforts [1][2]. Group 1: Fundraising and Expansion - GDS Holdings' subsidiary, DayOne Data Centers Ltd., secured $2 billion in Series C financing from various institutional investors, including Coatue and the Indonesia Investment Authority, to enhance its expansion in Europe and Asia Pacific [2][4]. - The funds will be utilized to develop DayOne's platform in Finland, focusing on major hyperscale campuses in Lahti and Kouvola, which are integral to its European strategy [3]. - In the Asia-Pacific region, the capital will facilitate the expansion of DayOne's operations across the SIJORI region (Singapore, Johor, and Batam) and other markets such as Thailand, Japan, and Hong Kong, aiming to provide high-density, AI-ready capacity [4]. Group 2: Financial Backing - DayOne Data Centers also received support from Brookfield Asset Management and an unnamed sovereign investor for an additional €1 billion in debt facilities, further strengthening its financial position [5].

Group 1 - The Nasdaq Golden Dragon China Index increased by 1.09% on January 8 [1] - Key Chinese stocks saw significant gains, with GDS Holdings rising over 8% and Bilibili increasing by more than 6% [1] - Tencent Music and Alibaba both rose by over 5%, while other companies like Kingsoft Cloud and Xpeng Motors saw increases of over 3% [1] Group 2 - JD.com and Vipshop experienced gains of over 2%, while ZTO Express and Futu Holdings rose by more than 1% [1] - Ctrip and NetEase had slight increases, indicating a generally positive market sentiment for these companies [1] - Conversely, Baidu and Bawang Tea House fell by over 3%, with Manbang and NIO also experiencing declines of more than 1% [1]