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VNET

VNET Group Inc.

Logo VNET Group Inc.

Technology

Computer Software: Programming Data Processing

Nasdaq

as 04-24-2024 3:39pm EST

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VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening 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 end-December 2023 it had 89,357 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,240 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.

Founded: 1999 Country:
N/A
Employees: 3293 City: N/A
Market Cap: 380.9M IPO Year: 2011
Target Price: $2.90 AVG Volume (30 days): 1.9M
Analyst Decision: N/A Number of Analysts: N/A
Dividend Yield: N/A Dividend Payout Frequency: N/A
EPS: -2.43 EPS Growth: N/A
52 Week Low/High: $1.39 - $3.88 Next Earning Date: 01-01-0001
Revenue: $1,045,547,250 Revenue Growth: 4.92%
Revenue Growth (this year): 8.81% Revenue Growth (next year): 9.06%

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