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. (Nasdaq: VNET) is a carrier- and cloud-neutral internet data center services provider in China, and this page aggregates news and announcements related to VNET stock. The company provides hosting and related services, including IDC services, cloud services, and business VPN services, and operates in more than 30 cities throughout China for a diversified base of over 7,000 enterprise customers.
News about VNET frequently covers its unaudited quarterly financial results, where the company reports total net revenues, the performance of its IDC and non-IDC businesses, adjusted cash gross profit, adjusted EBITDA, and details on operating expenses and liquidity. These releases also include operational metrics such as wholesale and retail IDC capacity in service, capacity under construction, utilization rates, commitment rates, and pre-commitment rates, which are central to understanding the company's data center growth trajectory.
Investors following VNET news will also see updates on wholesale IDC orders and campus developments, including large megawatt-scale orders for strategic campuses such as the Gu'an IDC Campus in Hebei Province. Management commentary often highlights demand from sectors like AI technology, high-performance computing, advanced manufacturing, and intelligent driving, as well as the company's role as a pioneer in AI data center (AIDC) development.
Other notable news items include capital markets and corporate actions, such as the authorization of a share repurchase program and the launch of a private REIT project involving a holding-type real estate green asset-backed security listed on the Shanghai Stock Exchange. These announcements explain how VNET aims to recycle capital, support capacity expansion, and adjust its capital structure.
By monitoring this VNET news feed, readers can track the company's financial disclosures, operational milestones in wholesale and retail IDC, AI-related initiatives like Hyperscale 2.0, and financing or asset recycling transactions that may influence the long-term development of VNET's data center platform.
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%.
VNET Group (Nasdaq: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has scheduled the release of its unaudited fourth quarter and full year 2024 financial results for Wednesday, March 12, 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 call will be available in both English and Chinese (listen-only) options, with pre-registration required. A live and archived webcast will be accessible on VNET's investor relations website, with call replay available through March 19, 2025.
VNET Group, a leading Chinese internet data center services provider, has achieved its first inclusion in the S&P Global Sustainability Yearbook 2025 global edition, following two years in the China edition. The company secured this recognition with a score of 70 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), placing it among 780 top performers selected from 7,690 companies across 62 industries.
VNET stands as one of only 21 mainland Chinese enterprises in the 2025 Yearbook and is the sole honoree from China's IT services industry. The company's CSA score ranks in the top 7% globally in the IT services industry and leads China's IT services sector. VNET's commitment to sustainability is further validated by an A rating from MSCI for three consecutive years, a B rating in climate change from CDP (exceeding 94% of Chinese participants), and a Low ESG Risk Rating from Sustainalytics.
The company emphasizes its dedication to green technologies, including liquid cooling and source-grid-load-storage solutions, to develop sustainable data centers and computing infrastructure.
VNET Group, a leading Chinese internet data center services provider, has received top ESG ratings from MSCI and S&P Global for the third consecutive year. The company maintained an A rating from MSCI, excelling in clean tech opportunities, human capital development, and privacy & data security.
VNET's S&P Global CSA score increased by 17 points to 70 in 2024, achieving perfect scores in multiple categories including energy management, data center efficiency, renewable energy usage, and cybersecurity measures. The company ranks in the top 5% globally in the IT services industry and maintains the highest position in China's IT services sector.
Josh Sheng Chen, Founder and Executive Chairperson, emphasized VNET's commitment to sustainable growth and building a low-carbon digital future while creating value for stakeholders.