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.
VNET Group (NASDAQ: VNET), a leading carrier- and cloud-neutral internet data center services provider in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was filed with the Securities and Exchange Commission on April 25, 2025.
The annual report, containing the company's audited consolidated financial statements, is accessible on the SEC's website and VNET's investor relations website. The company will provide hard copies of the annual report free of charge to shareholders and ADS holders upon request through their investor relations department.
VNET Group (Nasdaq: VNET) has successfully closed its offering of US$430 million convertible senior notes due 2030. The notes carry a 2.50% annual interest rate, payable semi-annually starting October 1, 2025.
The notes are convertible at an initial rate of 72.7273 ADSs per US$1,000 principal amount, equivalent to US$13.75 per ADS - a 25% premium above the March 12, 2025 closing price of US$11.00. Holders can require VNET to repurchase their notes on April 3, 2028, or during fundamental changes at 100% of principal plus accrued interest.
The proceeds will fund wholesale IDC projects, working capital, and general corporate purposes. The notes were offered offshore to non-U.S. persons under Regulation S and are not registered under the Securities Act.
VNET Group has announced the pricing of US$430 million convertible senior notes offering due 2030. The notes will bear a 2.50% annual interest rate, payable semi-annually starting October 1, 2025.
The notes are initially convertible at 72.7273 ADSs per US$1,000 principal amount, equivalent to an initial conversion price of US$13.75 per ADS, representing a 25.0% premium above the March 12, 2025 closing price of US$11.00.
Holders can require VNET to repurchase their notes on April 3, 2028, or convert them after a 40-day compliance period. The company plans to use proceeds for wholesale IDC projects, working capital, and general corporate purposes.
VNET Group (Nasdaq: VNET) has announced a proposed offering of US$400 million convertible senior notes due 2030. The notes will be senior, unsecured obligations with semi-annual interest payments. Key features include:
- Holders can require repurchase on April 3, 2028, at 100% principal amount plus accrued interest
- Company may redeem after April 10, 2028, subject to conditions
- Conversion rights activate upon certain events before October 1, 2029
- After October 1, 2029, holders may convert at any time until maturity
The company will settle conversions through cash, American Depositary Shares (ADSs), or a combination thereof. Proceeds will fund wholesale IDC projects, working capital, and general corporate purposes. The notes are offered offshore to non-U.S. persons under Regulation S.
VNET Group reported strong Q4 and full year 2024 results, with total net revenues increasing 18.3% YoY to RMB2.25 billion in Q4. The company's wholesale IDC business showed remarkable growth, with revenues surging 125.4% to RMB665.2 million in Q4 2024.
Key Q4 highlights include securing significant orders: 32MW from an internet customer in Yangtze River Delta, 1.5MW from an intelligent driving industry customer, and a 100MW framework agreement in Ulanqab. The company also won a 55MW order from a cloud computing customer and a 64MW order with strategic partner Changzhou Gaoxin Group.
Financial performance showed improvement with Q4 Adjusted EBITDA increasing 63.8% YoY to RMB721.3 million, and full-year net income reaching RMB248.4 million compared to a net loss in 2023. The wholesale IDC business capacity in service expanded to 486MW with a high commitment rate of 98.7%.
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.
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.
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.
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.
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.
