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.
21Vianet Group, Inc. (Nasdaq: VNET) announced its plans to release fourth quarter and full year 2020 financial results on March 23, 2021. The earnings report will be followed by a conference call at 8:30 P.M. EST. Participants must register online to receive call details and dial-in numbers. The conference call will also be available as a replay until March 31, 2021. 21Vianet, a leading Internet data center services provider in China, supports over 6,000 enterprise customers across various industries, enhancing their Internet infrastructure reliability and security.
21Vianet Group, Inc. (Nasdaq: VNET) has announced a Notes Offering of US$525 million in convertible senior notes due 2026. The company has granted initial purchasers a 13-day option to acquire an additional US$75 million. Proceeds will be used for data center expansion, repaying senior notes due in 2021, and general corporate purposes. The notes have a conversion rate of 18.3574 ADSs per US$1,000, reflecting a 40% conversion premium over the last closing price. The closing is expected by January 26, 2021.
21Vianet Group, Inc. (Nasdaq: VNET) announced a proposed offering of US$525 million in convertible senior notes due 2026, with an additional US$75 million option for initial purchasers. The proceeds will be used for enhancing data center infrastructure and repaying senior notes due 2021. The notes will be convertible into cash, American Depositary Shares (ADSs), or a mix of both. This offering is subject to market conditions and lacks an assurance of completion.
On December 14, 2020, 21Vianet Group, Inc. (Nasdaq: VNET) announced the resignation of Mr. Tao Zou from its board of directors due to personal reasons. His resignation was not linked to any disagreements regarding company operations. Following this change, the board is now composed of seven members, including five independent directors, as King Venture Holdings Limited no longer has director nomination rights under their Investor Rights Agreement. The company continues to be a leading data center services provider in China, serving over 6,000 enterprise customers.
21Vianet Group, Inc. (VNET) reported a strong Q3 2020, with net revenues increasing by 27% to RMB1.25 billion (US$183.5 million). Adjusted cash gross profit rose by 32.6% to RMB526.2 million (US$77.5 million), resulting in a gross margin of 42.2%. Adjusted EBITDA also grew by 35.2% to RMB368.5 million (US$54.3 million). The company improved its operational metrics, adding 7,426 cabinets to reach 51,476 total. For Q4 2020, VNET expects revenues of RMB1.32 billion to RMB1.34 billion, reflecting ongoing demand for its data center services amidst a strong growth outlook.
21Vianet Group, Inc. (Nasdaq: VNET) will announce its third quarter 2020 financial results on November 24, 2020, after market close, followed by a conference call at 8:00 P.M. ET. Participants must register online to receive call details. A replay of the call will be available until December 2, 2020. 21Vianet is a leading Internet data center services provider in China, offering various hosting and cloud services to nearly 5,000 customers across different sectors. The company operates in over 20 cities in China, ensuring reliable Internet infrastructure for its clients.
21Vianet Group, a leading data center services provider in China, has announced significant leadership changes aimed at driving growth. The Board of Directors has appointed three executives as Chief Executive Officers for different business units: Samuel Shen as Group CEO, Alvin Wang as Wholesale IDC CEO, and Chunfeng Cai as Retail IDC CEO. Effective January 1, 2021, this restructuring is intended to leverage cross-functional expertise to support the company’s three-year growth strategy in the wholesale and retail markets.
21Vianet Group announced that underwriters exercised their option to purchase an additional 2,550,000 American depositary shares (ADSs) at US$20.75 each from its follow-on offering, raising about US$390.5 million. The company plans to allocate approximately 80% of the net proceeds for expanding its data center infrastructure through organic growth and acquisitions, with the remainder for R&D and corporate purposes, including debt repayment. This offering follows its shelf registration statement filed with the SEC.
21Vianet Group, Inc. (Nasdaq: VNET) has announced the pricing of a follow-on offering of 17 million American depositary shares (ADSs) at $20.75 each, expected to close on August 28, 2020. The company plans to use approximately 80% of the net proceeds to expand its data center infrastructure through organic growth and acquisitions, with the remainder allocated for research, development, and debt repayment. The offering includes a 30-day option for underwriters to purchase an additional 2.55 million ADSs.
21Vianet Group, Inc. (Nasdaq: VNET) announced plans to offer 17 million American depositary shares (ADSs) in an underwritten public offering, with an option for underwriters to purchase an additional 2.55 million ADSs.
Approximately 80% of net proceeds will be allocated for expanding data center infrastructure and the remainder for research, development, and debt repayment. The offering is made under the company's effective shelf registration statement filed with the SEC. Credit Suisse, Morgan Stanley, and Jefferies are leading the offering.
