VNET GROUP (VNET) Stock News

VNET (Nasdaq: VNET) announced a private placement of 81.0 million Class A ordinary shares at US$1.70 per share (US$10.20 per ADS), expected to close on or about March 3, 2026.

Gross proceeds are anticipated to be approximately US$137.7 million before fees. The company intends to use proceeds for general corporate purposes, including working capital, capital expenditures, and potential strategic transactions. Placement agents are Deutsche Bank Hong Kong and CICC Hong Kong; legal advisor is Davis Polk & Wardwell LLP. Securities are offered under Regulation S with a 40-day US distribution restriction.

VNET (Nasdaq: VNET) appointed Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance, effective February 13, 2026. Mr. Zhang is authorized to review and approve the company's financial statements and filings and will serve as the company's principal accounting officer under U.S. securities and Nasdaq rules.

Mr. Zhang joined VNET in October 2019, leads domestic debt financing and the Microsoft strategic partnership, and holds CMA and MBA credentials.

VNET (Nasdaq: VNET) reported unaudited Q3 2025 results on Nov 20, 2025: total net revenue RMB2.58B (+21.7% YoY) and IDC revenue RMB1.95B (+30.4% YoY). Wholesale IDC revenue rose 82.7% YoY to RMB955.5M. Adjusted EBITDA RMB758.3M (+27.5% YoY) with a 29.4% margin. Gross profit was RMB539.0M; adjusted cash gross profit was RMB1.05B. Wholesale capacity in service reached 783MW with 582MW utilized; capacity under construction was 306MW. Q3 net loss attributable was RMB307.0M, driven by fair value changes. Cash and equivalents plus short-term investments totaled RMB5.33B; total long-term debt was RMB16.48B. The company raised 2025 revenue guidance to RMB9,550–9,867M and adjusted EBITDA to RMB2,910–2,945M.

VNET (Nasdaq: VNET) will report its unaudited third quarter 2025 financial results on Thursday, November 20, 2025 before U.S. market open. Management will host an earnings conference call at 7:00 AM ET / 8:00 PM Beijing Time on November 20, 2025. Investors may pre-register for the English or Chinese (listen-only) lines via the provided registration links and will receive dial-in details, passcode and a unique PIN by email upon registration.

A live and archived webcast will be available at http://ir.vnet.com. A replay of the conference call is available through November 27, 2025 with listed replay numbers and PINs for English and Chinese lines.

VNET (Nasdaq: VNET) announced issuance of a holding-type real estate green asset-backed security under a newly launched private REIT, the first in China’s IDC sector, to be listed on the Shanghai Stock Exchange as a standardized security product.

The offering size is approximately RMB860 million with equity consideration of ~RMB800 million, implying a valuation of ~13x EV/EBITDA. VNET will transfer 100% equity of one retail IDC project, retain 7% subscription and operational responsibility, while 93% is subscribed by institutional investors including CPIC. The project received a G-1 green rating.

VNET Group (Nasdaq: VNET), a leading Chinese internet data center services provider, has secured a significant 40MW wholesale order from a major internet company for its new Gu'an IDC Campus in the Greater Beijing Area. The company will implement advanced liquid cooling solutions to optimize power efficiency and support the customer's domestic chip deployment needs.

Located in Langfang City, 51.4 kilometers south of Beijing, the strategic Gu'an IDC Campus is positioned to meet growing AI-driven demand from high-tech sectors and accommodate computing demand overflow from Beijing's internet companies. The facility will support AI technology, high-performance computing, and advanced manufacturing while contributing to the Beijing-Tianjin-Hebei regional digital economy.

VNET Group (Nasdaq: VNET), a leading Chinese IDC services provider, reported strong Q2 2025 financial results with total net revenues increasing 22.1% year-over-year to RMB2.43 billion (US$339.8 million). The growth was primarily driven by the wholesale IDC business, which saw revenues surge 112.5% to RMB854.1 million.

Key operational highlights include wholesale capacity in service reaching 674MW, with utilized capacity growing by 74MW quarter-over-quarter to 511MW. The company secured new retail orders of 4MW and a 20MW wholesale order through its JV project in Hebei Province. VNET also unveiled its Hyperscale 2.0 framework, targeting 10GW capacity by 2036.

The company maintained strong profitability with adjusted EBITDA increasing 27.7% to RMB732.5 million and an improved adjusted EBITDA margin of 30.1%. For 2025, VNET expects total revenues between RMB9,150-9,350 million, representing 11-13% growth.

VNET Group (Nasdaq: VNET), China's leading carrier- and cloud-neutral internet data center services provider, has scheduled its Q2 2025 earnings release for August 21, 2025, before U.S. markets open.

The company will host an earnings conference call at 8:00 AM ET/8:00 PM Beijing Time on the same day. The call will be available in both English and Chinese (listen-only), with pre-registration required. A webcast will be accessible on VNET's investor relations website, and a replay will be available until August 28, 2025.

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.