| CUSTOMER |
CUSTOMER |
92%
|
As of December 31, 2025, we had two customers who accounted for 37.9% and 11.8%, respectively, of our total area committed. |
| CILJF |
China Life Insurance Company Limited |
72%
|
Reciprocal relationship from CILJF graph: Reciprocal relationship from GDS graph: Reciprocal relationship from CILJF graph: Reciprocal relationship from GDS graph: Reciprocal relationship from CILJF … |
| CILJF |
China Life Insurance Company Limited |
72%
|
arantees and undertakings for DayOne might expose us to potential liabilities and complex financial assessments following the deconsolidation. Prior to our deconsolidation of DayOne, we provided cert… |
| XYF |
X Financial |
72%
|
Reciprocal relationship from XYF graph: Reciprocal relationship from GDS graph: Reciprocal relationship from XYF graph: Reciprocal relationship from GDS graph: arantees and undertakings for DayOne mi… |
| XYF |
X Financial |
72%
|
arantees and undertakings for DayOne might expose us to potential liabilities and complex financial assessments following the deconsolidation. Prior to our deconsolidation of DayOne, we provided cert… |
| CAYMAN-LIMITED |
CAYMAN-LIMITED |
62%
|
ets and operations, entered into definitive agreements for certain institutional private equity investors to subscribe for a total of US$672 million of Series A convertible preferred shares newly iss… |
| CHINA-TELECOM-CORPORATION-LIMITED-CHINA-MOBILE-L |
CHINA-TELECOM-CORPORATION-LIMITED-CHINA-MOBILE-L |
62%
|
ould have a material adverse effect on global economic conditions and the stability of global financial markets. Measures taken by the U.S. and Chinese governments may have the effect of restricting … |
| CITIC-SECURITIES-COMPANY-LIMITED |
CITIC-SECURITIES-COMPANY-LIMITED |
62%
|
on Form 20-F Unless we indicate otherwise, references in this annual report on Form 20-F to: ● “2019 PRC Foreign Investment Law” are to the PRC Foreign Investment Law promulgated by the National Peop… |
| CONSOLIDATED-AFFILIATED-ENTITIES-GDS-HOLDINGS-LI |
CONSOLIDATED-AFFILIATED-ENTITIES-GDS-HOLDINGS-LI |
62%
|
7 Table of Contents PART I ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not required. ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not required. ITEM 3. KEY INFORMATION Our Co… |
| CONYERS-TRUST-COMPANY |
CONYERS-TRUST-COMPANY |
62%
|
ets and operations, entered into definitive agreements for certain institutional private equity investors to subscribe for a total of US$672 million of Series A convertible preferred shares newly iss… |
| DAYONE-DATA-CENTERS-LIMITED |
DAYONE-DATA-CENTERS-LIMITED |
62%
|
e award 20 12,914 16,929 10,970 See accompanying notes to consolidated financial statements. F-10 Table of Contents GDS HOLDINGS LIMITED AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL… |
| DIGITALLAND-HOLDINGS-LIMITED |
DIGITALLAND-HOLDINGS-LIMITED |
62%
|
e award 20 12,914 16,929 10,970 See accompanying notes to consolidated financial statements. F-10 Table of Contents GDS HOLDINGS LIMITED AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL… |
| FURTHER-SUCCESS-LIMITED |
FURTHER-SUCCESS-LIMITED |
62%
|
than different replies which may be obtained from different officials from the MIIT or its local branches. The draft revised Telecom Catalogue did not come into effect until March 2016, when it was f… |
| GDS-HOLDINGS |
GDS-HOLDINGS |
62%
|
rs on its behalf and certain payments by DayOne on behalf of the Company. The service agreement with respect to procurement services and management support services was terminated in December 2025 an… |
| GDS-INVESTMENT-COMPANY |
GDS-INVESTMENT-COMPANY |
62%
|
company, Changshu Yuntu Huichuang Data Technology Co., Ltd. or Changshu Yuntu Huichuang, to operate data centers in Changshu, China through a series of contractual arrangements among Changshu Wanguo … |
| HUAWEI-TECHNOLOGIES-CO-LTD |
HUAWEI-TECHNOLOGIES-CO-LTD |
62%
|
ll to certain customers, which could materially and adversely affect our competitiveness and business operations. Our operations expose us to risks related to export controls and economic and trade s… |
| MANAGEMENT-CO-LTD |
MANAGEMENT-CO-LTD |
62%
|
und Management Co., Ltd., a domestic private equity fund management company in China. Prior to founding our company, he served as a senior vice president of Shanghai Meining Computer Software Co., Lt… |
| PRIVATE-LIMITED |
PRIVATE-LIMITED |
62%
|
Singapore and a wholly-owned subsidiary of STT Communications Ltd, which is a wholly-owned subsidiary of Singapore Technologies Telemedia Pte Ltd, which is a wholly-owned subsidiary of Temasek Holdin… |
| SHANGHAI-XINWAN-ENTERPRISE-MANAGEMENT-CO-LTD |
SHANGHAI-XINWAN-ENTERPRISE-MANAGEMENT-CO-LTD |
62%
|
e award 20 12,914 16,929 10,970 See accompanying notes to consolidated financial statements. F-10 Table of Contents GDS HOLDINGS LIMITED AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL… |
| SINGAPORE-TECHNOLOGIES-TELEMEDIA-PTE-LTD |
SINGAPORE-TECHNOLOGIES-TELEMEDIA-PTE-LTD |
62%
|
und Management Co., Ltd., a domestic private equity fund management company in China. Prior to founding our company, he served as a senior vice president of Shanghai Meining Computer Software Co., Lt… |
| STT-COMMUNICATIONS-LTD |
STT-COMMUNICATIONS-LTD |
62%
|
und Management Co., Ltd., a domestic private equity fund management company in China. Prior to founding our company, he served as a senior vice president of Shanghai Meining Computer Software Co., Lt… |
| STT-GARNET-PTE-LTD |
STT-GARNET-PTE-LTD |
62%
|
C, the PRC governmental agency responsible for matters relating to foreign exchange administration, including local branches, when applicable; ● “SAFE Circular 37” are to the Circular on Relevant Iss… |
| STT-GDC-PTE-LTD |
STT-GDC-PTE-LTD |
62%
|
Singapore and a wholly-owned subsidiary of STT Communications Ltd, which is a wholly-owned subsidiary of Singapore Technologies Telemedia Pte Ltd, which is a wholly-owned subsidiary of Temasek Holdin… |
| TECHNOLOGY-CO-LTD |
TECHNOLOGY-CO-LTD |
62%
|
d the MIIT approved GDS Beijing’s application to expand its IDC license coverage to include EDC Shanghai Waigaoqiao so that EDC Shanghai Waigaoqiao was also authorized to provide IDC services, and th… |
| TEMASEK-HOLDINGS |
TEMASEK-HOLDINGS |
62%
|
Singapore and a wholly-owned subsidiary of STT Communications Ltd, which is a wholly-owned subsidiary of Singapore Technologies Telemedia Pte Ltd, which is a wholly-owned subsidiary of Temasek Holdin… |
