<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001972302</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001526125</issuerCik>
      <issuerName>GDS Holdings Ltd</issuerName>
      <secFileNumber>001-37925</secFileNumber>
      <issuerAddress>
        <com:street1>F4/F5, BUILDING C, SUNLAND INTERNATIONAL</com:street1>
        <com:street2>NO. 999 ZHOUHAI ROAD, PUDONG,</com:street2>
        <com:city>SHANGHAI</com:city>
        <com:stateOrCountry>F4</com:stateOrCountry>
        <com:zipCode>200137</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>86-21-2029-2200</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Liang Yan</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>EVP</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED BY ADS</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>GEORGESON SECURITIES CORPORATION</name>
        <address>
          <com:street1>144 FERNWOOD AVE</com:street1>
          <com:city>EDISON</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>08837</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>10000</noOfUnitsSold>
      <aggregateMarketValue>342600.00</aggregateMarketValue>
      <noOfUnitsOutstanding>1665829316</noOfUnitsOutstanding>
      <approxSaleDate>09/10/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED AS ADS</securitiesClassTitle>
      <acquiredDate>08/20/2021</acquiredDate>
      <natureOfAcquisitionTransaction>RESTRICTED SHARE UNITS RELEASE UNDER GDS INCENTIVE PLAN</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>GDS HOLDINGS LIMITED</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>10000</amountOfSecuritiesAcquired>
      <paymentDate>09/10/2025</paymentDate>
      <natureOfPayment>SAME DAY SALE</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>LIANG YAN</name>
        <address>
          <com:street1>UNIT 1 35F EAST TOWER CHEUNG KONG CENTER</com:street1>
          <com:street2>10 HARCOURT ROAD</com:street2>
          <com:city>CENTRAL</com:city>
          <com:stateOrCountry>K3</com:stateOrCountry>
          <com:zipCode>20037</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED AS ADS</securitiesClassTitle>
      <saleDate>08/29/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>352291.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>3 D BASED ON CLOSING PRICE ON SEP 9 25 OF 34.26 3 C BASED AS ADS 3 E NUMBER OF SHARES OR OTHER UNITS OUTSTANDING IS CLASS A ORDINARY SHARES
UNDER SECURITIES TO BE SOLD DATE ACQUIRED RANGE FROM AUG 20 2021 TO AUG 23 2023</remarks>
    <noticeSignature>
      <noticeDate>09/10/2025</noticeDate>
      <signature>CONFORMED SIGNATURE ON FILE</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
