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Billionaire Lei Zhang’s Hillhouse Investment and other investors agreed to buy a 44% stake in GDS Holdings' data centers outside mainland China for $587 million.
The deal will allow GDS International to obtain dedicated financing for the independent development of its international business.
GDS Holdings Limited misses on earnings expectations. Reported EPS is $-0.62 EPS, expectations were $-0.39.
SHANGHAI, China, March 26, 2024 -- GDS Holdings Limited , a leading developer and operator of high-performance data centers in China and South East Asia, today announced that GDSH’s wholly-owned...
The proposed investment will be in the range of $300-400 million. Novarete plans to expand its IT-enabled BPM platform in the healthcare, insurance and select banking and financial services (BFSI) sectors through organic growth and acquisitions. With the significant capital commitment from Hillhouse, Novarete plans to expand its team within a couple of months, said sources.