GDS recognized as preferred vendor for Alibaba
SHANGHAI, China, June 15, 2017 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings” or the “Company”) (NASDAQ:GDS), a leading developer and operator of high-performance data centers in China, today announced that it has signed a strategic memorandum of understanding (the “MoU”) with Alibaba Group Holding Limited (“Alibaba Group”), which recognizes GDS Holdings as preferred vendor of Alibaba Group and provides the framework for integrated cooperation between both parties in the areas of data center and cloud services.
Pertaining to the MoU, Alibaba Group will prioritize the procurement of data center resources and related services from GDS Holdings to fulfill its data center deployment needs in China, while GDS Holdings will support Alibaba Group’s cloud development plan in China by committing to provide customized resources and services at the highest operational standards according to timely demand. Additionally, Alibaba Group and GDS Holdings will engage in in-depth cooperation to jointly develop the most advanced industry standards for data center design and operations that can serve to lead the healthy development of the data center industry in China.
“We are pleased to further enhance our collaboration with Alibaba Group by being recognized as its preferred vendor in data center and cloud computing services,” stated Mr. William Huang, Chairman and Chief Executive Officer of GDS Holdings. “Cloud adoption is growing exponentially in China and is an area of focus supported by the national government. Alibaba is a cloud industry leader and with the deep mutual trust and understanding we’ve established over the years, we are honored to work together to be the heart and home of the cloud in China. We look forward to maintaining our strong growth momentum and market leadership as our expanding number of data centers provide cloud and enterprise customers with a portfolio of services that fuel opportunities for growth and synergy.”
“GDS Holdings is the ideal strategic partner to help us accelerate our cloud development plan in China, and we are delighted to formally extend our long-term cooperation with them in this way,” stated Head of Alibaba Group Procurement. “Our nationwide cloud strategy requires a partner capable of quickly growing with us in all of China’s key markets. With its state-of-the-art data centers in the prime centers of commerce, deep pipeline of resources and highest-quality operational standards, GDS is the perfect partner for our development plan and stringent deployment requirements. Alibaba Group is at the forefront of China’s rapid digital transformation, and with the support of strategic partners like GDS we are confident to blaze the way forward.”
About GDS Holdings Limited
GDS Holdings Limited (Nasdaq:GDS) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in China’s primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. GDS is carrier and cloud neutral, which enables customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers, whom GDS hosts in its facilities. The Company offers colocation and managed services, including a unique and innovative managed cloud value proposition. The Company has a 16-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s base of customers consists predominantly of large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “guidance,” “intend,” “is/are likely to,” “may,” “ongoing,” “plan,” “potential,” “target,” “will,” and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings’ beliefs and expectations regarding the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings’ strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings’ actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings’ goals and strategies; GDS Holdings’ future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China; GDS Holdings’ expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings’ expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the continued adoption of cloud computing and cloud service providers in China; risks and uncertainties associated with increased investments in GDS Holdings’ business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings’ ability to maintain or grow its revenue or business; fluctuations in GDS Holdings’ operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings’ business operations; competition in GDS Holdings’ industry in China; security breaches; power outages; and fluctuations in general economic and business conditions in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the GDS Holdings’ filings with the SEC, including its registration statement on Form F-1, as amended. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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GDS Holdings Limited