GDS Holdings Limited (GDS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.199 Hello, ladies and gentlemen. Thank you for standing by for GDS Holdings Limited's second 00:00:05.199 -- 00:00:10.528 quarter 2025 earnings conference call. At this time, all participants are in listen-only 00:00:10.528 -- 00:00:15.256 mode. After management's prepared remarks, there will be a question and answer session. 00:00:15.256 -- 00:00:17.179 Today's conference call is being recorded. 00:00:17.179 -- 00:00:20.765 I will now turn the call over to your host, Ms. 00:00:20.765 -- 00:00:23.790 Laura Chen, Head of Investor Relations for the company. 00:00:23.790 -- 00:00:26.371 Please go ahead, Laura. 00:00:26.374 -- 00:00:31.354 Thank you. Hello, everyone. Welcome to the second quarter of 2025 earnings conference 00:00:31.354 -- 00:00:36.719 call of GDS Holdings Limited. The company's results were issued via 00:00:36.719 -- 00:00:40.323 Newswire Services earlier today and are posted online. 00:00:40.323 -- 00:00:44.808 A summary presentation, which we'll refer to during this conference call, can be viewed 00:00:44.808 -- 00:00:48.970 and downloaded from our IR website at investors.gdsservices.com. 00:00:49.853 -- 00:00:52.529 Leading today's call is Mr. William Compton. 00:00:52.529 -- 00:00:57.536 GDS founder, chairman, and CEO, who will provide an overview of our business strategy 00:00:57.536 -- 00:01:02.603 and performance. Mr. Dan Newman, GDS CFO, will then review the financial and 00:01:02.603 -- 00:01:07.971 operating results. Before we continue, please note that today's discussion will contain 00:01:07.971 -- 00:01:12.277 forward-looking statements made under the safe harbor provisions of the U.S. 00:01:12.277 -- 00:01:15.582 Private Securities Litigation Reform Act of 1995. 00:01:15.582 -- 00:01:17.104 Forward-looking 0...