BRIEF: GDS revenue rises, spins off international unit
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GDS Holdings Ltd. reported a 9.1% year-on-year revenue increase in Q4, reaching 2.69 billion yuan ($372 million), with a reduced net loss of 173 million yuan. The company completed fundraising for its international unit, now named DayOne Data Centers Ltd., reducing its stake from 52.7% to 35.6%. Following this, GDS will exclude DayOne's results from its financial reports. GDS shares fell 14% to $30.61 after the announcement, despite a 52-week stock increase driven by AI demand.
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