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VNET GROUP INC Stock Price, News & Analysis

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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.

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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.

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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.

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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.

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VNET Group has signed a definitive agreement with Dajia Investment to form a pre-REITs fund for investing in hyperscale data centers in mainland China. The initial assets for the Fund include VNET's Taicang IDC Campus's first and second phases, with 210MW total IT capacity valued at RMB5.74 billion (10.1x EV/EBITDA). VNET will maintain 51% equity in the assets through the Fund, while Dajia will hold 49%. VNET will consolidate the Fund's financial results and continue operating the assets to maintain IDC services for customers.

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VNET Group reported strong Q3 2024 results with total net revenues increasing 12.4% year-over-year to RMB2.12 billion. The growth was primarily driven by the wholesale IDC business, which saw an 86.4% increase in revenues to RMB523.0 million. Adjusted EBITDA grew 17.1% to RMB594.8 million, with a margin of 28.0%. The company secured six new order wins totaling 84MW, including a 32MW wholesale order at their Huailai IDC Campus. VNET plans to form a pre-REITs fund with a leading Chinese insurance company, featuring their Taicang IDC Campus as underlying assets. The company raised its full-year 2024 guidance, now expecting total net revenues between RMB8,000-8,100 million.

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VNET Group (Nasdaq: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has scheduled its unaudited third quarter 2024 financial results announcement for November 20, 2024, after U.S. markets close. Management will host an earnings conference call at 8:00 PM U.S. Eastern Time on the same day (9:00 AM Beijing Time on November 21). The company will provide both English and Chinese conference lines, with the Chinese option being listen-only. A webcast will be available on VNET's investor relations website, and a replay will be accessible through November 28, 2024.

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VNET Group announced changes to its Board of Directors. Mr. Changqing Ye has resigned as an independent director and audit committee member, effective October 31, 2024, citing personal reasons with no disagreements. Mr. Kenneth Chung-Hou Tai, who has served as an independent director since October 2012, will replace Mr. Ye on the audit committee. Following these changes, the Board consists of six directors, including four independent directors, with the audit committee now comprising Mr. Sean Shao, Mr. Yoshihisa Ueno, and Mr. Kenneth Chung-Hou Tai.

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VNET Group reported solid Q2 2024 financial results, with total net revenues increasing 9.4% year-over-year to RMB1.99 billion. Key highlights include:

- Wholesale IDC revenues grew 81% YoY to RMB402 million
- Adjusted EBITDA increased 7.3% YoY to RMB573.8 million
- Net income of RMB71.8 million, compared to a net loss in Q2 2023
- Utilization rate of wholesale capacity improved to 75.9%
- Pre-commitment rate for capacity under construction at 85.5%

The company maintained its 2024 outlook, expecting total net revenues of RMB7.8-8.0 billion and adjusted EBITDA of RMB2.22-2.28 billion. VNET continues to focus on its dual-core strategy, advancing AI data center development and strengthening innovative service offerings to drive growth.

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VNET Group, Inc. (Nasdaq: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has announced it will report its unaudited second quarter 2024 financial results on Tuesday, August 27, 2024, after the close of U.S. markets. The company will host an earnings conference call at 9:00 PM U.S. Eastern Time on the same day, or 9:00 AM Beijing Time on Wednesday, August 28, 2024.

Participants can join the call by registering through provided links for English and Chinese options. The Chinese option will be in listen-only mode. A live and archived webcast of the conference call will be available on VNET's investor relations website. A replay of the call will be accessible through September 4, 2024, via provided dial-in numbers.

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VNET Group, Inc. (Nasdaq: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, announced changes to its Board of Directors. Mr. Erhfei Liu resigned as an independent director effective July 24, 2024, for personal reasons. The Board appointed Mr. David Lifeng Chen as a new independent director, effective immediately.

Mr. Chen brings extensive experience as a tech entrepreneur, executive, and venture capitalist. He has been an Operating Partner for the Hongshan CBC Cross-border Digital Fund since 2017 and serves on the boards of GitLab China JV and Atos China JV. Mr. Chen co-founded VanceInfo, which later merged to form Pactera, recognized as the largest banking IT services provider in China.

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FAQ

What is the current stock price of VNET GROUP (VNET)?

The current stock price of VNET GROUP (VNET) is $7.75 as of July 3, 2025.

What is the market cap of VNET GROUP (VNET)?

The market cap of VNET GROUP (VNET) is approximately 1.6B.
VNET GROUP INC

Nasdaq:VNET

VNET Rankings

VNET Stock Data

1.59B
258.29M
6.84%
40.54%
7.95%
Information Technology Services
Technology
Link
China
Beijing