Welcome to our dedicated page for VNET GROUP news (Ticker: VNET), a resource for investors and traders seeking the latest updates and insights on VNET GROUP stock.
VNET Group Inc (VNET) operates at the forefront of China's internet infrastructure sector, providing carrier-neutral data center services and cloud solutions to enterprises across 30+ cities. This dedicated news hub delivers essential updates for stakeholders tracking the company's strategic direction and market position.
Investors and industry observers will find curated press releases detailing financial results, capacity expansions, and technology partnerships. The archive includes announcements about colocation service enhancements, network infrastructure developments, and enterprise cloud initiatives that underscore VNET's role in China's digital transformation.
Our collection serves as a definitive resource for monitoring operational milestones in the IDC sector, from new data center deployments to innovations in smart routing technology. All content is sourced directly from official channels to ensure reliability, with updates organized for efficient navigation across devices.
Bookmark this page for streamlined access to VNET's corporate communications, providing critical insights into one of China's key digital infrastructure providers. Regular updates reflect the company's evolving capabilities in supporting hyperscale operators and enterprise clients alike.
VNET Group (Nasdaq: VNET), a leading Chinese internet data center services provider, has announced a significant share repurchase program of up to US$50 million in American depositary shares (ADSs). The program, reflecting management's confidence in the company's future growth, will be executed over a 12-month period through various means including open market purchases and privately negotiated transactions.
The repurchase program will be funded using existing resources and can be modified, suspended, or terminated at management's discretion. Each ADS represents six Class A ordinary shares, and repurchased shares may be held as treasury shares or cancelled.
VNET Group (Nasdaq: VNET), a leading Chinese internet data center services provider, has raised its full-year 2025 guidance following strong Q1 performance. The company now expects total net revenues of RMB9,150-9,350 million, representing 11-13% year-over-year growth, and adjusted EBITDA of RMB2,760-2,820 million, indicating 14-16% growth.
Excluding the RMB87.7 million disposal gain from E-JS02 data center in 2024, the adjusted EBITDA growth would be even more impressive at 18-20% year-over-year. The improved outlook is driven by accelerated move-ins among wholesale IDC clients and enhanced operational efficiency.
VNET Group (Nasdaq: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has scheduled its first quarter 2025 financial results announcement for May 28, 2025, before U.S. markets open. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing Time) on the same day.
The conference call will be available in both English and Chinese (listen-only) options, with pre-registration required through provided online links. A webcast will be available on VNET's investor relations website, and a replay will be accessible until June 4, 2025, through various international dial-in numbers.
VNET Group (NASDAQ: VNET) has released its fifth annual ESG Report for 2024, showcasing significant environmental and operational achievements. The company's renewable energy usage reached 360,880 MWh, a fivefold increase year-over-year, representing 18% of total resources. Notable improvements include a 2% decrease in greenhouse gas emissions and 9% reduction in emission intensity.
Key operational metrics include an average annual power usage effectiveness (PUE) of 1.27 at stabilized data centers and a 99.63% nationwide customer satisfaction rate. The company's Ulanqab IDC Campus project, approved in October 2024, features 200MW wind power, 100MW solar power, and 45MW energy storage capacity.
VNET received multiple ESG recognitions, including an 'A' rating from MSCI for the third consecutive year, a score of 70 in S&P Global's assessment (top 7% globally), and a 'B' rating on CDP's Climate Change Questionnaire.
VNET Group (NASDAQ: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was filed with the Securities and Exchange Commission on April 25, 2025.
The annual report, containing the company's audited consolidated financial statements, is accessible on the SEC's website and VNET's investor relations website. The company will provide hard copies of the annual report free of charge to shareholders and ADS holders upon request through their investor relations department.
VNET Group (Nasdaq: VNET) has successfully closed its offering of US$430 million convertible senior notes due 2030. The notes carry a 2.50% annual interest rate, payable semi-annually starting October 1, 2025.
The notes are convertible at an initial rate of 72.7273 ADSs per US$1,000 principal amount, equivalent to US$13.75 per ADS - a 25% premium above the March 12, 2025 closing price of US$11.00. Holders can require VNET to repurchase their notes on April 3, 2028, or during fundamental changes at 100% of principal plus accrued interest.
The proceeds will fund wholesale IDC projects, working capital, and general corporate purposes. The notes were offered offshore to non-U.S. persons under Regulation S and are not registered under the Securities Act.
VNET Group has announced the pricing of US$430 million convertible senior notes offering due 2030. The notes will bear a 2.50% annual interest rate, payable semi-annually starting October 1, 2025.
The notes are initially convertible at 72.7273 ADSs per US$1,000 principal amount, equivalent to an initial conversion price of US$13.75 per ADS, representing a 25.0% premium above the March 12, 2025 closing price of US$11.00.
Holders can require VNET to repurchase their notes on April 3, 2028, or convert them after a 40-day compliance period. The company plans to use proceeds for wholesale IDC projects, working capital, and general corporate purposes.
VNET Group (Nasdaq: VNET) has announced a proposed offering of US$400 million convertible senior notes due 2030. The notes will be senior, unsecured obligations with semi-annual interest payments. Key features include:
- Holders can require repurchase on April 3, 2028, at 100% principal amount plus accrued interest
- Company may redeem after April 10, 2028, subject to conditions
- Conversion rights activate upon certain events before October 1, 2029
- After October 1, 2029, holders may convert at any time until maturity
The company will settle conversions through cash, American Depositary Shares (ADSs), or a combination thereof. Proceeds will fund wholesale IDC projects, working capital, and general corporate purposes. The notes are offered offshore to non-U.S. persons under Regulation S.
VNET Group reported strong Q4 and full year 2024 results, with total net revenues increasing 18.3% YoY to RMB2.25 billion in Q4. The company's wholesale IDC business showed remarkable growth, with revenues surging 125.4% to RMB665.2 million in Q4 2024.
Key Q4 highlights include securing significant orders: 32MW from an internet customer in Yangtze River Delta, 1.5MW from an intelligent driving industry customer, and a 100MW framework agreement in Ulanqab. The company also won a 55MW order from a cloud computing customer and a 64MW order with strategic partner Changzhou Gaoxin Group.
Financial performance showed improvement with Q4 Adjusted EBITDA increasing 63.8% YoY to RMB721.3 million, and full-year net income reaching RMB248.4 million compared to a net loss in 2023. The wholesale IDC business capacity in service expanded to 486MW with a high commitment rate of 98.7%.
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