VNET Group Inc
Company Profile
Business description
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.
Contact
No. 10 Jiuxianqiao East Road
Guanjie Building Southeast 1st Floor
Chaoyang District
Beijing100016
CHNT: +86 1084562121
Sector
Technology
Stock type
Sensitive
Industry
Information Technology Services
Fiscal Year End
31 December 2026
Employees
2,581
Stocks News & Analysis
stocks
Updating our assumed commodity prices and fair values of the two largest Aussie miners
stocks
Do AI labs like Anthropic and OpenAI have economic moats?
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,921.50 | 15.50 | -0.17% |
| CAC 40 | 7,840.86 | 7.98 | 0.10% |
| DAX 40 | 25,362.05 | 84.37 | 0.33% |
| Dow JONES (US) | 52,053.25 | 202.70 | 0.39% |
| FTSE 100 | 10,686.83 | 30.55 | 0.29% |
| HKSE | 24,345.22 | 74.02 | 0.30% |
| NASDAQ | 27,238.63 | 7.27 | -0.03% |
| Nikkei 225 | 67,777.52 | 1,253.40 | -1.82% |
| NZX 50 Index | 13,749.60 | 78.02 | -0.56% |
| S&P 500 | 7,811.75 | 4.51 | 0.06% |
| S&P/ASX 200 | 8,783.90 | 0.70 | 0.01% |
| SSE Composite Index | 3,800.86 | 3.62 | 0.10% |