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.

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LOS ANGELES, CA / ACCESSWIRE / September 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of VNET Group, Inc. ("VNET" or "the Company") (NASDAQ:VNET) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against VNET Group, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of VNET Group, Inc. (NASDAQ: VNET) resulting from allegations that VNET may have issued materially misleading business information to the investing public. SO WHAT: If you purchased VNET securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The.

ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages VNET Group, Inc. Investors to Inquire About Securities Class Action Investigation – VNET

VNET Group, Inc. (NASDAQ:VNET ) Q2 2023 Results Conference Call August 23, 2023 9:00 PM ET Company Participants Xinyuan Liu - IRO Jeff Dong - CEO Qiyu Wang - CFO Tim Chen - CSO Conference Call Participants Edison Lee - Jefferies Sara Wang - UBS Timothy Zhao - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2023 Earnings Conference Call from VNET Group, Inc. [Operator Instructions].

VNET Group, Inc. (VNET) Q2 2023 Earnings Call Transcript

BEIJING , Aug. 23, 2023 /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, 2023. "During the second quarter of 2023, we delivered another solid set of results as we continued to execute our proven dual-core growth strategy, which reaffirms our ability to quickly capture incremental market demand amid the steady economic recovery," said Jeff Dong, Chief Executive Officer of VNET.

VNET Reports Unaudited Second Quarter 2023 Financial Results

BEIJING , Aug. 10, 2023 /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 2023 financial results on Wednesday, August 23, 2023, 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 Wednesday, August 23, 2023, or 9:00 AM Beijing Time on Thursday, August 24, 2023.

VNET to Announce Unaudited Second Quarter 2023 Financial Results on August 23, 2023

Bain Capital's takeover offer for VNET Group's peer Chindata lends support to the argument that worldwide and Chinese data center markets have significant growth potential. However, the implied EV/EBITDA valuation multiple relating to Bain Capital's offer price isn't that appealing, and this limits the valuation expansion potential for other listed data center companies like VNET Group. I am lowering my rating for VNET Group stock to a hold, in view of the mixed signals emerging from the proposed buyout offer for its peer.

VNET Group: Mixed Signals From Peer's Takeover Offer (Rating Downgrade)

VNET Group, Inc. (NASDAQ:VNET ) Q1 2023 Earnings Conference Call May 24, 2023 9:00 PM ET Company Participants Xinyuan Liu - Director, IR Jeff Dong - CEO Tim Chen - CFO Conference Call Participants Yang Liu - Morgan Stanley Edison Lee - Jefferies Ethan Zhang - Nomura Securities Jasmine Huang - UBS Operator Hello, ladies and gentlemen. Thank you for standing by for First Quarter 2023 Earnings Conference Call for VNET Group Inc. [Operator Instructions].

VNET Group, Inc. (VNET) Q1 2023 Earnings Call Transcript

BEIJING , May 24, 2023 /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, 2023. "We were pleased to kick off 2023 with a solid first quarter, thanks to our effective dual-core growth strategy and competitive service offerings," said Jeff Dong, Chief Executive Officer of VNET.

VNET Reports Unaudited First Quarter 2023 Financial Results

BEIJING , May 11, 2023 /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 2023 financial results on Wednesday, May 24, 2023, 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 Wednesday, May 24, 2023, or 9:00 AM Beijing Time on Thursday, May 25, 2023.

VNET to Announce Unaudited First Quarter 2023 Financial Results on May 24, 2023

BEIJING , April 26, 2023 /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, 2022 with the Securities and Exchange Commission (the "SEC") on April 26, 2023 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 Files Its Annual Report on Form 20-F for Fiscal Year 2022

BEIJING , April 24, 2023 /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 2022 Environmental, Social and Governance Report (the "2022 ESG Report"), highlighting its 2022 performance and initiatives related to sustainability, ethical business practices, digital empowerment, and social responsibility. "In 2022, we increased our focus on building our SHIELD (Social-Human-Innovation-Environment-Leadership-Development) sustainability system and further integrating ESG concepts into every aspect of our operations," said Jeff Dong, Chief Executive Officer of VNET.

VNET Publishes 2022 Environment, Social and Governance Report

VNET Group, Inc. (NASDAQ:VNET ) Q4 2022 Earnings Conference Call March 21, 2023 9:00 PM ET Company Participants Xinyuan Liu - Investor Relations Jeff Dong - Chief Executive Officer Tim Chen - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Sara Wang - UBS Edison Lee - Jefferies Operator Hello, ladies and gentlemen. Thank you for standing by for the Fourth Quarter and Full Year 2022 Earnings Conference Call for VNET Group Inc. [Operator Instructions] Participants from our management include Mr.

VNET Group, Inc. (VNET) Q4 2022 Earnings Call Transcript

BEIJING , March 21, 2023 /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, 2022. "We concluded a challenging 2022 with solid fourth quarter results, achieving meaningful development on a broad scale," said Jeff Dong, Chief Executive Officer of VNET.

VNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

BEIJING , March 9, 2023 /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 2022 financial results on Tuesday, March 21, 2023, 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, March 21, 2023, or 9:00 AM Beijing Time on Wednesday, March 22, 2023.

VNET to Announce Unaudited Fourth Quarter and Full Year 2022 Financial Results on March 21, 2023

NEW YORK--(BUSINESS WIRE)--Following the occurrence of a default by GenTao Capital Limited (the “Borrower”), a shareholder of VNET Group, Inc. (the “Company”) (NASDAQ: VNET), under a US$50,250,000 margin loan facility (the “Facility”), Bold Ally (Cayman) Limited (the “Lender”) has exercised its rights with respect to the collateral securing the Borrower's repayment obligations under the Facility.

Bold Ally (Cayman) Limited: Enforcement of up to 76,273,626 Class A ordinary shares (equivalent to 12,712,271 American depositary shares) of VNET Group, Inc.

VNET Group's peer valuation comparison and the recent buyout offers for the company lend support to the thesis that its shares are undervalued. Even assuming that the privatization offers aren't successful, VNET Group's recent partnership with a state-owned enterprise suggests that the company's mid-to-long term growth prospects are bright.

VNET Group: Focus On SOE Partnership And Undemanding Valuations

The average of price targets set by Wall Street analysts indicates a potential upside of 173.8% in 21Vianet (VNET). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 174% Upside in 21Vianet (VNET): Here's What You Should Know

VNET Group, Inc. (NASDAQ:VNET ) Q3 2022 Earnings Conference Call November 22, 2022 8:00 PM ET Corporate Participants Xinyuan Liu - Investor Relations Director Jeff Dong - Chief Executive Officer Tim Chen - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Edison Lee - Jefferies Sara Wang - UBS Ethan Zhang - Nomura Operator Hello, ladies and gentlemen. Thank you for standing by for the Third Quarter 2022 Earnings Conference Call for VNET Group, Inc. At this time, all participants are in a listen-only mode.

VNET Group, Inc. (VNET) Q3 2022 Earnings Call Transcript

BEIJING , Nov. 22, 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 September 30, 2022. "In the third quarter of 2022, we maintained steady growth across each of our business lines with a continued focus on fulfilling market demand for high-quality and reliable IDC services against the complicated macro backdrop," said Jeff Dong, Chief Executive Officer of VNET.

VNET Reports Unaudited Third Quarter 2022 Financial Results

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.

News for 21Vianet Group Stock (VNET)