GDS Holdings received a $150m equity investment from Ping An Overseas Holdings.

GDS Holdings, a leading developer and operator of high-performance data centers in China, received a $150m equity investment from Ping An Overseas Holdings, an overseas platform for direct investments and asset management. Mr. Hoi Tung, Chairman and Chief Executive Officer of Ping An Overseas Holdings, commented, “Over the past 6 years, Ping An has built a fruitful and longstanding relationship with GDS, and we have witnessed their tremendous success in becoming a prominent franchise in the data center industry. Ping An Overseas Holdings' investment represents yet another vote of confidence in GDS' capability in being a driving force leading the next wave of technological advancement in China.”