VNET Group, Inc. filings document its China internet data center business and its obligations as a Nasdaq-listed foreign private issuer. Form 6-K reports include operating and financial results, leadership and director changes, finance oversight roles, material-event disclosures and exhibits tied to company press releases. Its Form 20-F annual reporting covers audited consolidated financial statements and broader foreign-issuer disclosure.
The filing record also documents VNET’s capital structure, including amended 2% convertible notes due 2027, Series A perpetual convertible preferred shares, indentures, investment-agreement amendments, shareholder voting matters and related governance rights. These disclosures connect the company’s IDC, cloud and business VPN operations with formal reporting on governance, financing arrangements and ADS holder information.
VNET Group, Inc. repurchased approximately US$75.3 million in aggregate principal amount of its US$250.0 million 2.00% Convertible Senior Notes due 2027, representing approximately 30% of the outstanding notes. The repurchases were effected through privately negotiated transactions for aggregate cash consideration of approximately US$80.0 million, including accrued interest.
VNET provides hosting and related services, including internet data center, cloud and business VPN services. Customers may locate servers and equipment in its data centers and connect to China’s internet backbone. VNET operates in more than 30 cities and serves over 7,000 hosting and related enterprise customers across industries.
VNET Group, Inc. disclosed that certain non-controlled and non-consolidated affiliates of Contemporary Amperex Technology Co., Limited purchased 650,424,192 Class A Ordinary Shares from Success Flow International Investment Limited and Choice Faith Group Holdings Limited. The transaction closed September 21, 2026.
Effective at closing, the Voting and Consortium Agreement gave the reporting persons power to give the Buyers voting instructions on certain matters concerning 325,212,096 Class A Ordinary Shares held by the Buyers. Sheng Chen, a reporting person, reported beneficial ownership of 423,652,371 shares, representing 24.8% of outstanding ordinary shares and 34.3% of total voting power as of June 30, 2026.
Each Buyer agreed to vote a number of shares equal to 50% of its Class A Ordinary Shares held at closing according to written instructions from the Founder Parties. The voting period runs from closing through its second anniversary, subject to extension by mutual agreement for an additional 24 months. Buyers retain independent voting rights on specified protective matters.
For VNET Group, Inc., Purchaser A and Purchaser B completed the acquisition of all 650,424,192 Sale Shares under the Share Purchase Agreement on September 21, 2026. In the Seller A closing, Seller A sold 455,296,932 Class A ordinary shares, with 227,648,466 shares acquired by each purchaser. The consideration allocated to that closing was US$659,527,963; US$197,858,389 of a previously paid deposit was treated as part of the consideration, and US$461,669,574 was paid to Seller A at closing.
The reporting persons stated aggregate beneficial ownership of 650,424,192 Class A ordinary shares, or 38.1%, calculated against 1,708,970,760 ordinary shares outstanding as of June 30, 2026, counted as a single class. The Voting and Consortium Agreement became effective at closing. During an initial two-year Voting Term, the purchasers must vote 50% of the defined Relevant Shares in accordance with the Founder Parties’ written instructions, subject to the agreement’s terms and exceptions. Relevant Shares are the purchasers’ closing-date Class A holdings less Founder Indirect Shares.
VNET Group, Inc. (VNET) reports the closing of a previously announced strategic secondary share purchase in which PJ Millennium I Limited and PJ Millennium II Limited acquired 650,424,192 Class A ordinary shares from existing shareholders Success Flow International Investment Limited and Choice Faith Group Holdings Limited. After this transaction, the buyers together hold 38.1% of VNET’s total issued and outstanding ordinary shares, based on 1,708,970,760 ordinary shares outstanding as of June 30, 2026. The buyers are wholly owned subsidiaries of Millennium Limited Partnership, an affiliate of Contemporary Amperex Technology Co., Limited.
In connection with closing, an investor rights agreement between VNET and the new investors became effective. It grants the investors extensive registration rights (demand, piggyback and shelf registrations), a right to appoint one director to the board and an observer on a new Annual Budget and Financing Committee, broad information and inspection rights, pre-emptive rights on new issuances, participation rights in future listings of group entities, and consent rights over specified “reserved matters” such as mergers, large asset sales, major investments above RMB300 million per year (outside the approved budget) and equity issuances above 5% of outstanding shares per year, subject to certain pricing and trading-based exceptions. The agreement also includes transfer restrictions, lock-up and non‑competition provisions while the investors maintain a minimum shareholding.
VNET Group, Inc. (VNET) is the subject of a Schedule 13D filed by a group led by PJ Millennium Limited Partnership and its British Virgin Islands subsidiaries PJ Millennium I Limited and PJ Millennium II Limited, together with Lochpine BG I GP Limited and Lochpine Capital Limited. As of the August 24, 2026 closing, the group reports beneficial ownership of 195,127,260 Class A Ordinary Shares, representing 11.4% of VNET’s Ordinary Shares, based on 1,708,970,760 Ordinary Shares outstanding as of June 30, 2026. PJ Millennium I Limited and PJ Millennium II Limited each directly hold 97,563,630 Class A shares, or 5.7% each.
The stake arises under a May 13, 2026 Share Purchase Agreement under which the purchasers agreed to buy an aggregate of 650,424,192 Class A shares for US$942,182,804, or US$1.4486 per share. An early closing for the 195,127,260 shares held by one seller was completed on August 24, 2026 for US$282,654,841, with the remaining 455,296,932 shares still subject to closing. Related agreements grant the investors registration, information, pre-emptive and participation rights, the right to appoint one director to VNET’s board, certain consent rights on reserved matters, and voting and transfer arrangements with founder parties.
VNET Group, Inc. reported second quarter 2026 net revenues of RMB2.78 billion, up 14.2% year-over-year, driven by wholesale IDC revenue growth of 29.3% to RMB1.10 billion. Retail IDC revenue rose 9.1% to RMB1.05 billion, while non-IDC revenue increased modestly.
GAAP gross profit declined 7.8% to RMB505.2 million as gross margin fell from 22.5% to 18.2%, mainly due to higher depreciation from rapid capacity expansion. However, non-GAAP adjusted cash gross profit grew 9.4% to RMB1.16 billion, and adjusted EBITDA increased 25.4% to RMB918.3 million, lifting adjusted EBITDA margin to 33.0%.
GAAP net loss attributable to VNET widened to RMB135.6 million from RMB11.9 million, largely reflecting a swing in fair value of financial instruments from a gain to a loss. Excluding this, adjusted net income turned positive at RMB7.4 million versus a prior adjusted net loss. The company ended June 30, 2026 with total cash, restricted cash and short-term investments of RMB7.21 billion against total debt of RMB23.42 billion.
Wholesale capacity in service rose to 1,007MW with total capacity committed of 970MW, and VNET secured a 345MW wholesale order and expanded its land bank to over 4GW of capacity. Full-year 2026 guidance was reiterated, targeting net revenues of RMB11.5–11.8 billion and adjusted EBITDA of RMB3,550–3,750 million. VNET also announced a strategic cooperation agreement with CATL to jointly develop integrated compute-energy infrastructure.
VNET Group, Inc. received an updated ownership report from Point72 Asset Management, L.P., Point72 Capital Advisors, Inc., and Steven A. Cohen regarding Class A ordinary shares held in the form of American Depositary Shares (ADSs) through Point72 Associates, LLC.
The reporting group states beneficial ownership of 109,989,366 Class A Ordinary Shares, represented by 18,331,561 ADSs, including 244,800 Class A Ordinary Shares (represented by 40,800 ADSs) issuable upon exercise of call options. This position represents 6.6% of VNET’s outstanding Class A Ordinary Shares as of June 30, 2026, with shared voting and dispositive power and no directly held Class A shares.
VNET Group, Inc. director David Lifeng Chen reported the vesting and exercise of 83,544 RSUs into the same number of Class A ordinary shares in the form of American depositary shares on July 31, 2026. After this, he held 501,252 Class A ordinary shares and 417,708 unvested RSUs scheduled to vest through 2027.
VNET Group director Sean Shao sold shares in the company. On June 1, 2026, he completed an open-market sale of 60,000 Class A ordinary shares, at an average price of $1.7133 per share.
The shares were sold in the form of American depositary shares, with each ADS representing six Class A ordinary shares. After this transaction, Shao directly holds 983,820 Class A ordinary shares, indicating he retains a substantial stake in VNET Group.
VNET Group, Inc. reported solid first-quarter 2026 growth while remaining loss-making. Total net revenues rose 19.8% year-over-year to RMB2.69 billion, driven by a 58.1% surge in wholesale IDC revenues to RMB1.06 billion, while retail IDC revenues grew 5.4% to RMB1.02 billion.
Adjusted EBITDA increased 30.6% to RMB891.5 million, lifting the adjusted EBITDA margin to 33.1%. Wholesale capacity in service reached 907MW with a 75.7% utilization rate and total committed capacity of 869MW, showing strong demand, particularly in the Greater Beijing Area.
Despite better operating metrics, net loss attributable to VNET widened to RMB531.8 million, mainly due to RMB486.2 million of capital transactions-related income tax expenses and significant accretion on redeemable non-controlling interests. Liquidity remained sizable with RMB8.80 billion in cash, restricted cash and short-term investments.
Strategically, new CATL-affiliated investors agreed to acquire up to 650,424,192 Class A shares at US$1.4486 per share, potentially holding about 38.1% of outstanding shares after an expected fourth-quarter 2026 closing, subject to shareholder and other conditions.