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
  CHN

  T: +86 1084562121

  https://www.vnet.com

• Sector

  Technology

  Stock type

  Sensitive

• Industry

  Information Technology Services

  Fiscal Year End

  31 December 2026

  Employees

  2,581