• Shanghai-based GDS Holdings has agreed to sell some of its server-hosting facilities into a private REIT to be majority-owned bystate-backed insurance giant China Life, with GDS expecting to net RMB 1.2 billion (USD 170 million) from the transaction.

• GDS set to raise USD 335 million from IPO of China’s first data centre REIT (C-REIT) with its Kunshan Data Centre (Greater Shanghai Area)

• GDS’ C-REIT was approved by the China Securities Regulatory Commission in May 2025, together with Shenzhen Range Technology REIT, which will list on the Shenzhen bourse, making the two vehicles the country’s first data centre REITs.