VNET Group, Inc., an investment holding company, provides hosting and related services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network. The company's hosting and related services include managed hosting services that offer data center space to house its customers' servers and networking equipment, and provide tailored server administration services; and interconnectivity services that enable customers to connect their servers with internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network. Its hosting and related services also comprise cloud services that enable businesses to run their applications over the internet using its IT infrastructure; virtual private network services; hybrid IT Services, which provide customers with a complete package of infrastructure service offerings; and other value-added services, such as firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. In addition, the company provides traffic charts and analysis, gateway monitoring for servers, domain name system setup, defense mechanism against distributed denial of service attacks, basic setting of switches and routers, and virus protections; and managed network service. As of December 31, 2020, it operated 32 self-built data centers housing 49,876 cabinets and 52 partnered data centers housing with 3,677 cabinets. It has a strategic partnership with Microsoft Corporation. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2011
Exchange: NASDAQ
Website: 21vianet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2024 | $3.10 → $5.00 | Neutral → Buy | Goldman |
| 10/9/2024 | $5.20 | Hold → Buy | HSBC Securities |
| 3/19/2024 | $3.90 → $2.70 | Neutral → Buy | BofA Securities |
| 7/7/2023 | $3.40 | Neutral | BofA Securities |
| 6/12/2023 | $6.60 → $2.90 | Buy → Hold | HSBC Securities |
| 9/1/2022 | $7.20 → $5.90 | Outperform → Neutral | Credit Suisse |
| 5/25/2022 | $6.50 | Sell → Neutral | Goldman |
| 11/22/2021 | $17.39 | Hold → Buy | HSBC Securities |
| 11/19/2021 | $32.79 → $11.50 | Buy → Sell | Goldman |
| 10/11/2021 | $18.50 | Hold | HSBC Securities |
Live finance-specific insights
BEIJING, Aug. 21, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2025. "We delivered strong second quarter results thanks to continued effective strategic execution," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business continued to grow rapidly, driven by our wholesale data centers' fast move-in pace. In the second quarter, our wholesale capacity in service increased by 101MW quarter over quarter to 674MW, with utiliz
BEIJING, Aug. 7, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited second quarter 2025 financial results on Thursday, August 21, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 21, 2025, or 8:00 PM Beijing Time on Thursday, August 21, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10049370-hq9zg7
SDHG market cap hit HK$100 billion for the first time, as stock price surged 200+ percent in 2025From 2021 to 2024, SDHG's total assets more than tripled, from RMB 21.43 billion to RMB 66.17 billionDazzling success attributed to SDHG's two-pronged strategy of smart investing in new energy and computing powerElectricity-Computing Integration model places SDHG in unique position to lead industrySDHG's outstanding ability to align key businesses with national policy priorities wins dedicated government support HONG KONG, July 29, 2025 (GLOBE NEWSWIRE) -- Shandong Hi-Speed Holdings Group Ltd. (00412.HK) shares rose to HK$17.26 at closing on Monday, July 28, sending the market cap of the str
BEIJING, May 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. "We kicked off 2025 with a strong first quarter thanks to excellent execution of our effective dual-core strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business recorded another impressive performance, marked by our robust deliveries and customers' fast move-in pace. As of March 31, 2025, our wholesale capacity in service increased by 88MW qu
BEIJING, May 14, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited first quarter 2025 financial results on Wednesday, May 28, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 28, 2025, or 8:00 PM Beijing Time on Wednesday, May 28, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10047350-c2tgiy.html C
BEIJING, March 12, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our high-performance data centers, outstanding delivery capabilities, and premium services continued to attract quality orders. During the fo
BEIJING, March 10, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited fourth quarter and full year 2024 financial results on Wednesday, March 12, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 12, 2025, or 8:00 PM Beijing Time on Wednesday, March 12, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass
BEIJING, Nov. 20, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business maintained its strong growth momentum as we capitalized on rising AI-driven demand. We also continued attracting high-quality customers during the third quarter, with six new order wins totaling 84MW. Notab
BEIJING, Nov. 7, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited third quarter 2024 financial results on Wednesday, November 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 20, 2024, or 9:00 AM Beijing Time on Thursday, November 21, 2024. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10043189
BEIJING, Aug. 27, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "We delivered another solid quarter through continued strong execution of our effective dual-core development strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "The wholesale IDC business remained our key growth driver, highlighted by three new orders totaling 235MW for our Ulanqab IDC Campus in the Greater Beijing Area. Climbing utilization rates and a high pre-
Fastest customizable press release news feed in the world
BEIJING, Sept. 11, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has secured a 40MW wholesale order from a leading internet company for its new Gu'an IDC Campus, strategically located in the Greater Beijing Area. VNET will deliver the order capacity in phases, supporting the customer's core business with premium IDC services. "This order underscores our strong execution and ability to attract leading customers in a competitive market," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "To fulfi
Strong growth registered across the board in H1 2025 Financial ReportNet profit jumped 506 percent year on year to reach RMB 476 millionOperating income hit 2.503 billion, 96 percent contributed by emerging sectorsTotal assets valued at RMB 67.531 billion, 76.97 percent in emerging sectorsAccelerating pivot to new energy and computing power brings competitive edge HONG KONG, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Shandong Hi-Speed Holdings Group Ltd. (00412.HK) delivered a stunning half year performance with net profit surging 506 percent to RMB 476 million, according to its H1 2025 Financial Report released on August 29. The company's strategic pivot to renewable energy and computing power p
BEIJING, Aug. 21, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2025. "We delivered strong second quarter results thanks to continued effective strategic execution," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business continued to grow rapidly, driven by our wholesale data centers' fast move-in pace. In the second quarter, our wholesale capacity in service increased by 101MW quarter over quarter to 674MW, with utiliz
BEIJING, Aug. 7, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited second quarter 2025 financial results on Thursday, August 21, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 21, 2025, or 8:00 PM Beijing Time on Thursday, August 21, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10049370-hq9zg7
SDHG market cap hit HK$100 billion for the first time, as stock price surged 200+ percent in 2025From 2021 to 2024, SDHG's total assets more than tripled, from RMB 21.43 billion to RMB 66.17 billionDazzling success attributed to SDHG's two-pronged strategy of smart investing in new energy and computing powerElectricity-Computing Integration model places SDHG in unique position to lead industrySDHG's outstanding ability to align key businesses with national policy priorities wins dedicated government support HONG KONG, July 29, 2025 (GLOBE NEWSWIRE) -- Shandong Hi-Speed Holdings Group Ltd. (00412.HK) shares rose to HK$17.26 at closing on Monday, July 28, sending the market cap of the str
BEIJING, June 27, 2025 /PRNewswire/ -- VNET Group, Inc. ("VNET" or the "Company") (NASDAQ:VNET), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that to underscore its confidence in VNET's future development and growth prospects, its Board of Directors has authorized a share repurchase program under which VNET may repurchase up to US$50 million of its American depositary shares ("ADSs"), each representing six Class A ordinary shares of the Company, subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Company's insider trading policy. The Company's share repurchases, if any, und
BEIJING, June 27, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has increased its total net revenues and adjusted EBITDA (non-GAAP) guidance for the full year 2025. "We were very pleased to deliver an impressive first quarter results, demonstrating sustained operating and financial momentum underpinned by strong strategic execution," said Qiyu Wang, Chief Financial Officer of VNET. "Given this robust trajectory fueled by faster-than-anticipated move-ins among wholesale IDC clients and ongoing operational efficiency gains, we are raising our
BEIJING, May 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. "We kicked off 2025 with a strong first quarter thanks to excellent execution of our effective dual-core strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business recorded another impressive performance, marked by our robust deliveries and customers' fast move-in pace. As of March 31, 2025, our wholesale capacity in service increased by 88MW qu
BEIJING, May 14, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited first quarter 2025 financial results on Wednesday, May 28, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 28, 2025, or 8:00 PM Beijing Time on Wednesday, May 28, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10047350-c2tgiy.html C
BEIJING, April 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2024 Environmental, Social and Governance Report (the "2024 ESG Report"). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility. "As an integral element of VNET's long-term strategy for sustainable growth, our 2024 ESG initiatives drove measurable advancements in our pursuit of a greener future," Josh Sheng Chen, Founder, Executive Chairperson,
6-K - VNET Group, Inc. (0001508475) (Filer)
SCHEDULE 13G - VNET Group, Inc. (0001508475) (Subject)
6-K - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
20-F - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Goldman upgraded VNET Group from Neutral to Buy and set a new price target of $5.00 from $3.10 previously
HSBC Securities upgraded VNET Group from Hold to Buy and set a new price target of $5.20
BofA Securities upgraded VNET Group from Neutral to Buy and set a new price target of $2.70 from $3.90 previously
BofA Securities resumed coverage of VNET Group with a rating of Neutral and set a new price target of $3.40
HSBC Securities downgraded VNET Group from Buy to Hold and set a new price target of $2.90 from $6.60 previously
Credit Suisse downgraded VNET Group from Outperform to Neutral and set a new price target of $5.90 from $7.20 previously
Goldman upgraded VNET Group from Sell to Neutral and set a new price target of $6.50
HSBC Securities upgraded 21Vianet from Hold to Buy and set a new price target of $17.40
Goldman downgraded 21Vianet from Buy to Sell and set a new price target of $11.50 from $32.80 previously
HSBC Securities initiated coverage of 21Vianet with a rating of Hold and set a new price target of $18.50
Live Leadership Updates
BEIJING, July 30, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the resignation of Mr. Erhfei Liu as an independent director of the Company's board of directors (the "Board"), effective July 24, 2024. Mr. Liu resigned for personal reasons and not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Board has approved the appointment of Mr. David Lifeng Chen as a new independent director of the Board, effective immediately. The Board has reviewed the indepen
BEIJING, April 22, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Jeff Dong has resigned from his position as the Company's Chief Executive Officer due to personal reasons. Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed to succeed Mr. Dong as the Company's interim CEO, effective immediately. The Company will announce once the appointment of the permanent CEO has been confirmed. Mr. Chen commented, "On behalf of the Company, we would like to express our sincere appreciation for Jeff's outstanding contributions to our achie
BEIJING, Oct. 14, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Kroll Securities, LLC and Kroll, LLC (operating through its Duff & Phelps Opinions Practice) as its independent financial advisor, and Davis Polk & Wardwell LLP as its independent legal counsel. The Special Committee was formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated September 13, 2022 from Mr. Josh Sheng Chen, founder of
BEIJING, Sept. 7, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced the appointment of KPMG Huazhen LLP ("KPMG") as the Company's independent registered public accounting firm, effective September 7, 2022, succeeding Ernst & Young Hua Ming LLP ("E&Y"), the Company's former independent registered public accounting firm. The change of the Company's independent registered public accounting firm was made after careful consideration and evaluation process and was approved by the audit committee of the board of directors of the Company. E&Y has served as the Company's
BEIJING, Aug. 9, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that its board of directors (the "Board") has appointed Mr. Changqing Ye as a new director of the Company and a member of the audit committee of the Board, effective August 9, 2022. The Board has reviewed the independence of Mr. Ye and determined that he satisfies the "independence" requirements under Rule 10A-3 of the United States Exchange Act of 1934 and Rule 5605 of the Nasdaq Stock Market Rules. Mr. Changqing Ye has served as an independent director of Baozun Inc. (a company listed on Nasdaq
BEIJING, May 25, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (NASDAQ:VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2021. The Company will hold a conference call at 8:00 P.M. on Tuesday, May 25, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release. First Quarter 2021 Financial Highlights Net revenues increased by 27.1% to RMB1.39 billion (US$211.7 million) from RMB1.09 billion in the same period of 2020.Adjusted cash gross profit (non-GAAP) increased by 4
This live feed shows all institutional transactions in real time.
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13D/A - VNET Group, Inc. (0001508475) (Subject)
SC 13D/A - VNET Group, Inc. (0001508475) (Subject)
SC 13D/A - VNET Group, Inc. (0001508475) (Subject)
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13G/A - VNET Group, Inc. (0001508475) (Subject)
SC 13D/A - VNET Group, Inc. (0001508475) (Subject)