GIC forms Chinese data center JV with GDS
GDS Holdings has signed a strategic cooperation framework agreement with GIC, Singapore’s sovereign wealth fund, to develop and operate hyperscale build-to-suit data centers outside of tier 1 cities in China. GDS and GIC will focus initially on a BTS data center program for a leading internet and cloud service provider, which is a strategic customer of GDS.
William Huang, chairman and CEO of GDS, said, “We are delighted to establish this joint venture with GIC Real Estate, the partner of choice in the data center industry, anchored by a major commitment from one of our top strategic customers for multiple new build-to-suit data centers at their campuses across China. While our core business remains strongly focused on providing outsourced data center solutions in tier 1 markets, where the entry barrier is high and where we believe our core value lies, the partnership with GIC enables us to supplement our primary offerings and cost effectively fulfil the broader requiremen