GDS and Vnet Rally on Reports of Major China Data Center Investment Plan - Yahoo Finance

✓What's documented Yahoo Finance cites 2 trillion yuan plan with China Mobile, China Telecom, and NDRC; stock movements tied to named firms.

Shares of GDS Holdings and Vnet Group rose roughly 8% after reports that China is weighing a roughly 2 trillion yuan ($295 billion) five-year program to expand data center infrastructure. State-backed China Mobile and China Telecom are expected to operate most of the planned facilities. The proposal remains at an early stage and could still be revised.

• GDS and Vnet shares up roughly 8%
• Tied to a reported ~2 trillion yuan ($295 billion) China data center plan
• National Development and Reform Commission among the bodies involved
• Alibaba gained 0.4% and Baidu rose 1.5% on the news