21Vianet Group

VNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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VNET Group reports strong Q4 earnings, eyes growth amid challenges

VNET Group's Q4 2022 earnings call highlighted solid financial results, successful customer acquisitions, and progress in ESG initiatives amidst macroeconomic challenges.
The company's Dual-Core strategy, focus on digital transformation, and major order wins underscore its market competitiveness and growth potential.
While facing challenges and uncertainties, VNET remains optimistic about future growth opportunities, supported by industry trends and strategic initiatives.

21Vianet Group (VNET) reports robust Q1 earnings amidst market expansion

21Vianet Group (VNET) demonstrated strong financial performance in Q1 2023, driven by revenue growth and operational efficiency.
While facing challenges in pricing dynamics and non-IDC business growth, VNET's strategic strengths lie in securing key customers and expanding service offerings.
With a positive market outlook and a focus on sustainability and innovation, VNET is well-positioned to capitalize on growth opportunities in the digital economy.

VNET Group reports solid Q2 earnings, eyes growth through innovation

VNET Group's Q2 performance reflects steady growth, innovation in new solutions, and a commitment to sustainability. While facing challenges in cost management and debt repayment, the company is well-positioned to seize opportunities in expanding its customer base and enhancing its service offerings.

21Vianet Group (VNET) reports solid Q3 growth and strategic focus

VNET's Q3 performance reflects growth in revenues, profitability, and market appeal, driven by demand for premium IDC services and AI applications.
The company's strategic focus on high-profit margin businesses and reducing exposure to lower-margin segments bodes well for long-term financial health.
While facing challenges such as significant CapEx increases and managing cash flow, VNET has opportunities to capitalize on AI-driven services and sustainable growth.

VNET Group reports robust earnings, eyes growth amid market dynamics

VNET Group demonstrated strong financial performance in Q4 2023 and for the full year, supported by operational achievements and strategic initiatives.
While facing challenges in managing CapEx and addressing investor inquiries, the company's strengths in sustainability, market positioning, and financial stability provide a foundation for growth.
Opportunities lie in leveraging China's digital economy initiatives, executing on 2024 guidance, and enhancing operational efficiency to drive future success and value creation.

21Vianet Group posts solid Q1 results, eyes global expansion

21Vianet Group's Q1 performance reflects resilience, growth potential, and strategic foresight in navigating the dynamic digital infrastructure market, despite facing challenges in cost management and strategic alignment.
The company's focus on AI-driven data centers, global expansion, and revenue diversification underscores its commitment to innovation, sustainability, and long-term value creation for stakeholders.
With a strong financial foundation, operational efficiency, and a clear growth trajectory, 21Vianet Group is well-positioned to capitalize on emerging opportunities, address challenges, and drive sustainable growth in the digital economy.

21Vianet Group (VNET) reports robust Q2 earnings and growth prospects

21Vianet Group (VNET) delivered a strong Q2 2024 performance, driven by revenue growth in wholesale business and stable development in retail IDC.
The company's focus on AI trends, sustainability, and prudent financial management positions it well for future growth and market opportunities.
While facing challenges in CapEx management and balancing growth with profitability, VNET's positive outlook and strategic initiatives offer avenues for sustained success.
Overall, VNET's performance reflects operational resilience, financial improvement, and a strategic vision for long-term value creation and market leadership.

VNET Group excels in Q3, raises guidance amidst tech opportunities

VNET Group delivered a strong Q3 performance with revenue and profitability growth, supported by new order wins and advancements in AI computing capabilities.
The company's focus on green computing, prudent financial management, and raised guidance for 2024 underscore confidence in future prospects.
While challenges exist in sustaining growth momentum and managing investments, VNET has opportunities to leverage technology trends and sustainability initiatives for strategic advantage.

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BEIJING , Nov. 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 it will report its unaudited third quarter 2022 financial results on Tuesday, November 22, 2022, 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 Tuesday, November 22, 2022, or 9:00 AM Beijing Time on Wednesday, November 23, 2022.

VNET to Announce Unaudited Third Quarter 2022 Financial Results on November 22, 2022

21Vianet (VNET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in 21Vianet (VNET): Can Its 10.3% Jump Turn into More Strength?

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.

VNET Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

The consensus price target hints at an 182.9% upside potential for 21Vianet (VNET). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think 21Vianet (VNET) Could Surge 183%: Read This Before Placing a Bet

VNET Group has now received a second non-binding buyout offer at $8.2/ADS. The bid comes from the founder/CEO who owns 28% of voting shares.

VNET Group: Potential Buyout From Founder

BEIJING , Sept. 13, 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 its Board of Directors (the "Board") has received a preliminary non-binding proposal letter dated September 13, 2022 (the "Proposal") from Mr.

VNET Announces Receipt of Preliminary Non-Binding Proposal to Acquire All of Its Shares and Formation of Special Committee to Review the Proposal

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.

VNET Announces Change in Registrant's Certifying Accountant

VNET Group, Inc. (NASDAQ:VNET ) Q2 2022 Earnings Conference Call August 30, 2022 9:00 PM ET Company Participants Xinyuan Liu - Investor Relations Director Samuel Shen - Chief Executive Officer & Executive Chairman of Retail IDC Tim Chen - Chief Financial Officer Conference Call Participants Ethan Zhang - Nomura Edison Lee - Jefferies Sara Wang - UBS Albert Hung - JPMorgan Clive Cheung - Credit Suisse Hongjie Li - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2022 Earnings Conference Call for VNET Group, Inc. At this time, all participants are in listen-only mode.

VNET Group, Inc. (VNET) Q2 2022 Earnings Call Transcript

BEIJING , Aug. 30, 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 its unaudited financial results for the three months ended June 30, 2022. "We delivered solid results in the second quarter amid macro uncertainties and tightened restrictions to contain COVID resurgences," said Samuel Shen, Chief Executive Officer of VNET and Executive Chairman of VNET's Retail IDC.

VNET Reports Unaudited Second Quarter 2022 Financial Results

21Vianet (VNET) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

21Vianet (VNET) Moves 5.4% Higher: Will This Strength Last?

BEIJING , Aug. 19, 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 it will report its unaudited second quarter 2022 financial results on Tuesday, August 30, 2022, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, August 30, 2022, or 9:00 AM Beijing Time on Wednesday, August 31, 2022.

VNET to Announce Unaudited Second Quarter 2022 Financial Results on August 30, 2022

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.

VNET Announces Changes to Board and Committees Composition

VNET Group, Inc. is a leading Internet Data Center provider and service company in China. The firm offers solutions in three key verticals: Managed Hosting Services (IDC), Cloud Services and VPN Services.

VNET Group: Significant Upside Based On Structural IDC Tailwinds And Government Support

VNET Group, Inc. (NASDAQ:VNET ) Q1 2022 Earnings Conference Call May 24, 2022 9:00 PM ET Company Participants Xinyuan Liu - IR Director Samuel Shen - CEO & Executive Chairman of Retail IDC Tim Chen - CFO Conference Call Participants Yang Liu - Morgan Stanley Edison Lee - Jefferies Hongjie Li - CICC Albert Hung - JPMorgan Clive Cheung - Credit Suisse Sara Wang - UBS Ethan Zhang - Nomura Securities Guohan Wang - Daiwa Securities Operator Hello, ladies and gentlemen. Thank you for standing by for the First Quarter 2022 Earnings Conference Call for VNET Group Inc. At this time, all participants are in a listen-only mode.

VNET Group, Inc. (VNET) CEO Samuel Shen on Q1 2022 Results - Earnings Call Transcript

BEIJING, May 24, 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 its unaudited financial results for the three months ended March 31, 2022. First Quarter 2022 Financial Highlights Net revenues increased by 18.6% to RMB1.65 billion (US$259.6 million) from RMB1.39 billion in the same period of 2021.

VNET Reports First Quarter 2022 Unaudited Financial Results

BEIJING , May 11, 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 it will report its first quarter 2022 unaudited financial results on Tuesday, May 24, 2022, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Tuesday, May 24, 2022, or 9:00 AM Beijing Time on Wednesday, May 25, 2022.

VNET to Announce Unaudited First Quarter 2022 Financial Results on May 24, 2022

BEIJING , May 5, 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 the Company is aware of the fact that it was provisionally named by the United States Securities and Exchange Commission (the "SEC") as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (the "HFCAA") on May 4, 2022 U.S. Eastern Time, following the Company's filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the SEC on April 26, 2022. The Company understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder.

VNET Provides Update on its Status under the Holding Foreign Companies Accountable Act

BEIJING , April 28, 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 it has published its 2021 Environmental, Social and Governance (ESG) report. The report outlines the Company's ESG strategy, ongoing initiatives and achievements in ESG performance.

VNET Publishes 2021 Environment, Social and Governance Report

BEIJING , April 26, 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 it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on April 26, 2022 Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://ir.vnet.com/.

VNET Group, Inc. Files Its Annual Report on Form 20-F for Fiscal Year 2021

After receiving an unsolicited offer, shares of VNET stock have soared today, as investors attempt to price what this means into the stock. The post Why Is VNET Group (VNET) Stock Up Today?

Why Is VNET Group (VNET) Stock Up Today?

VNET Group Inc (NASDAQ: VNET) bagged an unsolicited and preliminary all-cash buyout offer. The Hina Group and Industrial Bank Co., Ltd.

Why VNET Shares Are Surging Today

BEIJING , April 11, 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 its Board of Directors (the "Board") has recently received an unsolicited preliminary non-binding proposal letter (the "Proposal") from The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch, proposing to acquire all of the outstanding ordinary shares of the Company for US$8.00 in cash per American depositary share, or approximately US$1.3333 per ordinary share.

VNET Receives Unsolicited Preliminary Non-Binding Proposal to Acquire All of Its Shares

21Vianet (VNET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

21Vianet (VNET) Surges 13.1%: Is This an Indication of Further Gains?

VNET Group, Inc. (VNET) CEO Samuel Shen on Q4 2021 Results - Earnings Call Transcript

BEIJING, March 30, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2021. The Company will hold a conference call at 9:00 PM on March 30, 2022, U.S. Eastern Time (9:00 AM on March 31, 2021, Beijing time) to discuss the financial results.

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