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VNET
VNET Group Inc.
as of 12-15-2025 1:18pm EST
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 September 2025, it had 52,288 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 783 MW of wholesale capacity in service, with a further 306 MW under construction and a further 705 MW held for future development.
| Founded: | 1999 | Country: | China |
| Employees: | N/A | City: | N/A |
| Market Cap: | 2.4B | IPO Year: | 2011 |
| Target Price: | $16.30 | AVG Volume (30 days): | 3.7M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 2 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -0.30 | EPS Growth: | N/A |
| 52 Week Low/High: | $3.52 - $16.13 | Next Earning Date: | 11-20-2025 |
| Revenue: | $1,335,622,122 | Revenue Growth: | 20.19% |
| Revenue Growth (this year): | 21.36% | Revenue Growth (next year): | 18.93% |
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