GDS Holdings Limited (GDS, Financial) saw its stock rise by 2.2% in pre-market trading, reaching $24.58. This increase follows the announcement of new guidelines for national data infrastructure construction by China’s National Development and Reform Commission, along with two other departments.
The guidelines outline the framework for establishing a national data infrastructure by 2029. The plan aims to create a comprehensive, interconnected, and efficient data infrastructure system. This includes developing a collaborative, scalable, and trustworthy data circulation and utilization framework, as well as fostering a robust ecosystem for data infrastructure technology and industry.
These developments are expected to strengthen the operational mechanisms for national data infrastructure, potentially benefiting companies like GDS that are involved in data services and solutions.