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VNET Group

VNET

Market cap $1.5B

5.26 USD

-0.06

1.13%

At close Updated Oct 13, 4:00 PM EDT

Pre-market

After hours

5.29

+0.03

0.57%

1 day

-1.13%

5 days

-1.87%

1 month

-14.61%

3 months

-31.87%

6 months

-37.68%

Year to date

-42.26%

1 year

-44.1%

5 years

-68.93%

10 years

-25.81%

About: VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2026, it had 50,081 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay Area. It also had 1.007 megawatts of wholesale capacity in service, with a further 585 MW under construction and a further 1.050 MW held for future development.

Employees: 2,581

Technology Information Technology Services

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 27.3%

Neutral 63.6%

Negative 9.1%

VNET Group Stock Surges Monday: What's Going On?

VNET Group Inc. (NASDAQ:VNET) shares are trading higher Monday afternoon after the Chinese internet data center provider finalized a secondary share transfer to a strategic investment partnership.

VNET Group Stock Surges Monday: What's Going On?

Schaeffers Research

3 China-Based Stocks Options Traders Are Targeting

VNET Group Inc (NASDAQ:VNET) is seeing particularly heavy options volume today, with 137,000 contracts traded so far, or 15.4 times the intraday average.

3 China-Based Stocks Options Traders Are Targeting

VNET Announces Closing of Previously Announced Strategic Investment

BEIJING, Sept. 21, 2026 /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 closing of the previously announced purchase by PJ Millennium I Limited ("Buyer I") and PJ Millennium II Limited ("Buyer II," and together with Buyer I, the "Buyers") of an aggregate of 650,424,192 Class A ordinary shares of the Company (the "Transaction") from Success Flow International Investment Limited ("Success Flow") and Choice Faith Group Holdings Limited ("Choice Faith," and together with Success Flow, the "Sellers").

VNET Announces Closing of Previously Announced Strategic Investment

VNET Group: Solid Wholesale Execution Overshadowed By Balance Sheet Reality

VNET Group remains rated Neutral as the market shifts focus from event-driven catalysts to fundamentals amid uncertainty around the CATL transaction. Despite strong wholesale IDC demand and recurring revenue, higher capex, negative free cash flow, and rising leverage weigh on VNET's valuation and sentiment. The CATL deal's closure, expected Q4, is critical; delays or regulatory hurdles could exacerbate downside risk given VNET's balance sheet pressures.

VNET Group: Solid Wholesale Execution Overshadowed By Balance Sheet Reality

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group Q2 Earnings Call Highlights

VNET Group NASDAQ: VNET reported second-quarter 2026 revenue growth driven by its wholesale internet data center business, while management said demand for AI computing infrastructure continued to support new orders, capacity expansion and longer-term customer reservations.

VNET Group Q2 Earnings Call Highlights

VNET Announces Strategic Cooperation with CATL

BEIJING, Aug. 18, 2026 /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 has entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Contemporary Amperex Technology Co., Limited (stock codes: 300750.SZ and 03750.HK) ("CATL"), a global leader in zero-carbon new energy technology. Under the Strategic Cooperation Agreement, VNET and CATL will establish a partnership to deepen compute-energy integration by synergistically combining VNET's leadership in large‑scale computing infrastructure development and operations with CATL's expertise in zero‑carbon new energy technologies.

VNET Announces Strategic Cooperation with CATL

VNET Reports Unaudited Second Quarter 2026 Financial Results

BEIJING, Aug. 18, 2026 /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, 2026. Second Quarter 2026 Financial Highlights Total net revenues increased by 14.2% year-over-year to RMB2.78 billion (US$409.5 million) in the second quarter of 2026 (2Q2025: RMB2.43 billion).

VNET Reports Unaudited Second Quarter 2026 Financial Results

VNET to Announce Unaudited Second Quarter 2026 Financial Results on August 18, 2026

BEIJING, Aug. 4, 2026 /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 2026 financial results on Tuesday, August 18, 2026, 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 Tuesday, August 18, 2026, or 8:00 PM Beijing Time on Tuesday, August 18, 2026.

VNET to Announce Unaudited Second Quarter 2026 Financial Results on August 18, 2026

Zacks Investment Research

Implied Volatility Surging for VNET Group Stock Options

Investors need to pay close attention to VNET stock based on the movements in the options market lately.

Implied Volatility Surging for VNET Group Stock Options

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