—
C+
C+ The full Closelooknet — membership. Open the C+ overview

GDS Holdings Ltd (9698.HK) — chart, structure and Closelooknet read

Pick a ticker to load its detail page.

Signals for this name

Every Closelooknet reading that exists for 9698.HK, from the same nightly bakes the boards use. Research diary readings, not advice.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 61/100 · S&P 500 fund at 75, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-10-06
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 98th percentile of the window, +5.7% over 20 sessions. Factor regime → 2026-10-06
  • Sovereign pressure Index 0.74 · up 0.17 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-10-06
Who it is priced against Information Technology Services · 8 names with week and year-to-date

Peer group

Information Technology Services

This name carries no Closelooknet score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against 9698.HK on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — GDS Holdings Ltd

9698.HK in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
GDS Holdings builds and operates data centres across China, offering colocation space with power, racks and cooling, managed hosting, managed cloud services and consulting. Its customers include cloud service providers, large internet companies, financial institutions, telecom carriers, IT service firms and multinational corporations. Founded in 2001, the company is headquartered in Shanghai.
Where it sits in the stack
GDS carries no seat in our index yet; it belongs to the China data-centre and colocation sleeve of our wider AI-infrastructure universe, the physical layer that houses the racks and cooling other stack layers depend on.
Who it is priced against
Our index has no formal peer group set for GDS; the comparison the market draws is with other China-focused data-centre operators, most often VNET Group.
Why Closelooknet tracks it
GDS is not a constituent of our index, carries no Closelooknet score, and has not yet appeared in the diary's quoted editions; the diary notes its chart structure as a reference point rather than a scored read.
What the diary watches
Whether GDS gains an index seat or a scored module as its data-centre capacity and its customer mix toward cloud and AI workloads become clearer.

GDS Holdings Ltd (9698.HK) trades on the HK exchange in Hong Kong.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

FAQ · from the current data · as of 2026-10-07

Quick answers

What is GDS Holdings Ltd (9698.HK)?

GDS Holdings Ltd trades as 9698.HK on the HK exchange (Hong Kong) in the Closelooknet research universe, as of the registry build of 2026-10-07.

Is 9698.HK in a Closelooknet index?

Not currently — GDS Holdings Ltd is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-10-07.

Where does 9698.HK trade against its moving averages?

Downtrend stack: Trades -3.7% vs the 50-day and -17% vs the 200-day average, 35.5% below the 52-week high and +12% off the 52-week low. Computed from daily closes. As of 2026-10-06 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does GDS Holdings Ltd compare with its peers?

Against its peer group (Information Technology Services), GDS Holdings Ltd (9698.HK) sits 35.5% below its 52-week high, 3.7% below its 50-day average; Wise plc (WISE.L) is 24.9% below, Capgemini SE (CAP.PA) is 29.2% below, Kontron AG (KTN.VI) is 24.9% below. Put any of them next to 9698.HK in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

What does GDS Holdings Ltd do?

GDS Holdings builds and operates data centres across China, offering colocation space with power, racks and cooling, managed hosting, managed cloud services and consulting. Its customers include cloud service providers, large internet companies, financial institutions, telecom carriers, IT service firms and multinational corporations. Founded in 2001, the company is headquartered in Shanghai. Our index has no formal peer group set for GDS; the comparison the market draws is with other China-focused data-centre operators, most often VNET Group.

Where does GDS Holdings Ltd sit in the AI build-out?

GDS carries no seat in our index yet; it belongs to the China data-centre and colocation sleeve of our wider AI-infrastructure universe, the physical layer that houses the racks and cooling other stack layers depend on. GDS is not a constituent of our index, carries no Closelooknet score, and has not yet appeared in the diary's quoted editions; the diary notes its chart structure as a reference point rather than a scored read.

What does this page show?

A live price chart with SMA overlays and drawing tools for 9698.HK, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

Related in the Closelooknet universe

then Information Technology Services. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.