Hillhouse, STT GDC to invest $505m in US-listed Chinese data centre operator GDS

Hillhouse, STT GDC to invest $505m in US-listed Chinese data centre operator GDS

Photo by Jordan Harrison on Unsplash

GDS Holdings Limited, a Nasdaq-listed developer and operator of data centres in China, is raising $505 million from private equity firm Hillhouse Capital and ST Telemedia Global Data Centres (STT GDC).