GDS Holdings reports 5.5% revenue growth, DayOne deconsolidation in 2024

** GDS Holdings, a leading developer and operator of high-performance data centers in China, reported revenue growth of 5.5% to RMB10.32 billion (US$1.41 billion) for the year 2024. The company achieved net income of RMB3.30 billion (US$452.6 million), boosted by a gain from the deconsolidation of DayOne, its international business, on December 31, 2024. As a result of the deconsolidation, GDS now accounts for DayOne as an equity investee, holding a 35.6% stake.