GDS International

GDS International Raises $1 Billion in Series B - October 29, 2024

Executive Summary

GDS International (DigitalLand Holdings Limited) is a leading data center platform operating across strategic markets in Asia-Pacific including Hong Kong, Singapore, Malaysia, and Indonesia.

Funding Amount: $1 Billion

Valuation: Undisclosed

Round Type: Series B

Announced: October 29, 2024

Headquarters: Hong Kong

Category: Data Center Infrastructure

About GDS International

GDS International was founded in 2019 and is headquartered in Hong Kong.

GDS International (DigitalLand Holdings Limited) is a leading data center platform operating across strategic markets in Asia-Pacific including Hong Kong, Singapore, Malaysia, and Indonesia.

Funding Round Details

Investment Amount

GDS International successfully raised $1 Billion in this Series B funding round.

Lead Investors & Participants

Coatue Management (Lead Investor): Leading venture capitalist Philippe Laffont's firm with $27B+ invested in tech including ByteDance, Reddit, Spotify, and Uber

The Baupost Group (Major Investor): Substantial participation from one of the world's largest hedge funds

SoftBank Vision Fund (Investor (Upsize)): Participated in the upsize from $1B to $1.2B

Kenneth Griffin (Citadel) (Strategic Investor): CEO of Citadel, one of the world's largest hedge funds

Use of Funds

The Series B raise will be sufficient to capitalize the development of up to 1 GW of total data center capacity across Asia-Pacific. GDS International's portfolio currently comprises approximately 480 MW of data center capacity in service and under construction, with an additional 590 MW held for future development across Hong Kong, Singapore, Malaysia (Johor), and Indonesia (Batam).

Key Metrics & Achievements

• 480 MW of data center capacity currently in service and under construction
• 590 MW additional capacity held for future development
• Targeting 1 GW total capacity development
• Strategic locations: Hong Kong, Singapore, Malaysia, Indonesia
• Upsize to $1.2B total raise demonstrates strong investor demand

Business Model

GDS International develops, owns, and operates carrier-neutral, hyperscale data centers across key Asia-Pacific markets. The company serves cloud service providers, internet companies, and large enterprises requiring mission-critical digital infrastructure.

Market Opportunity & Competition

The Asia-Pacific data center market is experiencing explosive growth driven by cloud computing adoption, AI workloads, and digital transformation. GDS International competes with global players like Equinix, Digital Realty, and regional operators, differentiating through strategic location selection and hyperscale capabilities.

This fundraising report was announced on October 29, 2024 and represents verified data from Crunchbase, Bloomberg, TechCrunch, and official company announcements.