GDS Holdings Limited (NASDAQ:GDS) Q2 2023 Earnings Call Transcript

Cooper Belanger: Hi, everyone. This is Cooper Belanger on for Michael Elias. Thanks for taking my question. I kind of wanted to follow up on the AI discussion earlier. And given that what we’re seeing in the U.S. right now with the incremental AI demand wave and kind of the subsequent shrinking of power supply, I just wanted to hear your thoughts on the upcoming power supply situation and I guess, current, as well as it relates to both Mainland China and International? Thanks.

William Huang: Okay. I think in the area like Johor, they have – the advantage in Johor is, they have the rich – very rich power capacity. So I think the – in the short term or midterm, the power supply will not be the issue, I think, in the mid-term. In China, I think what we know is in a Tier 1 market, of course, is challenging in the future. But fortunately, for us, as I mentioned in the last two years, we locked up a lot of the big power capacity and built a very high – designed a very high-power density data center. So I think the – what I say – try to say in short term, mid-term in China if the wave coming for everybody is a challenge. But in mid-term, short term, for us is more relaxed for that. But in Johor side, I think there we got to be almost 50% of the power allocation in Johor so far. So, I think we are moving more ahead than any player in Johor area.

Cooper Belanger: Okay, great. Thank you.

Operator: As there are no more questions, I would like to turn the call back over to the company for closing comments.

Laura Chen: Thank you once again for joining us today. If you have further questions, please feel free to contact GDS Investor Relations through the contact information on our website or the Piacente Group Investor Relations. See you next time. Bye-bye.

Operator: This concludes the conference call. You may now disconnect your lines. Thank you.