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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.
Key Figures
Beneficially owned shares:109,989,366 Class A Ordinary SharesOwnership percentage:6.6%ADSs representing holdings:18,331,561 ADSs+4 more
7 metrics
Beneficially owned shares109,989,366 Class A Ordinary SharesBeneficially owned by the reporting persons as of June 30, 2026
Ownership percentage6.6%Percent of VNET Class A Ordinary Shares outstanding as of June 30, 2026
ADSs representing holdings18,331,561 ADSsADSs representing the reported beneficial ownership position
Shares via options244,800 Class A Ordinary SharesShares issuable upon exercise of call options included in the holdings
ADSs via options40,800 ADSsADSs representing Class A shares issuable upon exercise of call options
CUSIP for ADSs90138A103CUSIP assigned to VNET ADSs quoted on Nasdaq Global Select Market
ADS to share ratio1 ADS = 6 Class A Ordinary SharesRepresentation ratio for VNET ADSs
Key Terms
American Depositary Shares, beneficial owner, shared voting power, shared dispositive power, +1 more
5 terms
American Depositary Sharesfinancial
"held, in the form of American Depositary Shares ("ADSs"), by"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
beneficial ownerfinancial
"beneficial owner of the Class A Ordinary Shares reported herein"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"6 | Shared Voting Power 109,989,366.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 109,989,366.00"
Investment Company Act of 1940regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in VNET (VNET) is reported by Point72 and Steven A. Cohen?
Point72 Asset Management, Point72 Capital Advisors, and Steven A. Cohen report beneficial ownership of 109,989,366 Class A Ordinary Shares of VNET, representing 6.6% of the outstanding Class A Ordinary Shares as of June 30, 2026, held through ADSs and related options.
How many VNET (VNET) ADSs are associated with Point72’s reported holdings?
The filing reports holdings represented by 18,331,561 American Depositary Shares (ADSs) of VNET. This total includes 40,800 ADSs issuable upon exercise of call options, which correspond to 244,800 Class A Ordinary Shares underlying those options.
What percentage of VNET (VNET) Class A shares do Point72 and Steven A. Cohen beneficially own?
The reporting persons state beneficial ownership of 6.6% of VNET’s outstanding Class A Ordinary Shares. This percentage is based on 109,989,366 Class A Ordinary Shares beneficially owned as of the close of business on June 30, 2026.
Who actually holds the VNET (VNET) securities referenced in the Point72 Schedule 13G/A?
The securities are held by Point72 Associates, LLC, an investment fund managed by Point72 Asset Management. Point72 Associates has the right to receive or direct dividends and sale proceeds for more than 5% of VNET’s outstanding Class A Ordinary Shares.
Do Point72 entities and Steven A. Cohen directly own VNET (VNET) Class A Ordinary Shares?
The reporting persons state they directly own no VNET Class A Ordinary Shares. Their beneficial ownership arises from investment and voting power over shares and options held in the form of ADSs by Point72 Associates, LLC under an investment management arrangement.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
VNET Group, Inc.
(Name of Issuer)
Class A Ordinary Shares, par value $0.00001 per share
(Title of Class of Securities)
90138A103
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
90138A103
1
Names of Reporting Persons
Point72 Asset Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,989,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,989,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,989,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Represented by 18,331,561 ADSs (as defined in Item 2(a)) (includes 244,800 Class A Ordinary Shares (as defined in Item 2(a)) (represented by 40,800 ADSs) issuable upon exercise of call options)
SCHEDULE 13G
CUSIP Number(s):
90138A103
1
Names of Reporting Persons
Point72 Capital Advisors, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,989,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,989,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,989,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Represented by 18,331,561 ADSs (includes 244,800 Class A Ordinary Shares (represented by 40,800 ADSs) issuable upon exercise of call options)
SCHEDULE 13G
CUSIP Number(s):
90138A103
1
Names of Reporting Persons
Steven A. Cohen
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,989,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,989,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,989,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Represented by 18,331,561 ADSs (includes 244,800 Class A Ordinary Shares (represented by 40,800 ADSs) issuable upon exercise of call options)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
VNET Group, Inc.
(b)
Address of issuer's principal executive offices:
Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road, Chaoyang District, Beijing, 100016, The People's Republic Of China
Item 2.
(a)
Name of person filing:
This statement is filed by: (i) Point72 Asset Management, L.P. ("Point72 Asset Management") with respect to the Class A ordinary shares, par value $0.00001 per share ("Class A Ordinary Shares"), of VNET Group, Inc. (the "Issuer") held, in the form of American Depositary Shares ("ADSs"), by (and underlying options held by) Point72 Associates, LLC, an investment fund it manages ("Point72 Associates"); (ii) Point72 Capital Advisors, Inc. ("Point72 Capital Advisors Inc.") with respect to the Class A Ordinary Shares held, in the form of ADSs, by (and underlying options held by) Point72 Associates; and (iii) Steven A. Cohen ("Mr. Cohen") with respect to the Class A Ordinary Shares beneficially owned, in the form of ADSs, by Point72 Asset Management and Point72 Capital Advisors Inc.
Each of Cubist Systematic Strategies, LLC and Point72 Hong Kong Limited are advisors under common control with Point72 Asset Management and each acts as a sub-advisor with respect to a portion of the Class A Ordinary Shares reported herein.
There is no CUSIP number assigned to the Class A Ordinary Shares. The CUSIP Number 90138A103 has been assigned to the ADSs of the Issuer, which are quoted on the Nasdaq Global Select Market under the symbol "VNET." Each ADS represents 6 Class A Ordinary Shares.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902.
(c)
Citizenship:
Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Mr. Cohen is a United States citizen.
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.00001 per share
(e)
CUSIP No.:
90138A103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2026.
Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen own directly no Class A Ordinary Shares. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by Point72 Associates. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Mr. Cohen controls each of Point72 Asset Management and Point72 Capital Advisors Inc. The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the Class A Ordinary Shares reported herein.
(b)
Percent of class:
6.6%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2026.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2026.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2026.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 30, 2026.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). Point72 Associates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5 percent of the outstanding Class A Ordinary Shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
