Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Related keylists
VNET Group Inc (VNET Group) is a technology company that provides managed hosting services and interconnectivity solutions to enhance the performance, availability, and security of internet infrastructure. It offers internet data center (IDC) services, cloud services, and business VPN services. The company provides wholesale and retail data center services, including colocation, interconnectivity, and value-added services such as hybrid information technology and VPN solutions. It serves sectors including information technology, telecom, social networking, gaming, e-commerce, automotive, finance, and government, and individual users of Microsoft cloud services, among others. The company has operations across China. VNET Group is headquartered in Beijing, China.
Headquarters
China
Address
Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road, Beijing, 100016
Website
ir.21vianet.com
Telephone
86 10 84562121
No of Employees
2,784
Industry
Technology and Communications
Ticker Symbol & Exchange
VNET (NASD)
Revenue (2024)
$1.4B
20.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-237.5%
(2024 vs 2023)
Market Cap*
$2.3B
Net Profit Margin (2024)
XYZ
-214.0%
(2024 vs 2023)
* As of and is in US$
VNET Group Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Content Delivery Network (CDN) Services |
| Virtual Private Network (VPN) Services |
| Internet Data Center Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company signed an agreement to sell a 38% stake to PJ Millennium I Limited and PJ Millennium II Limited. |
| 2023 | Contracts/Agreements | In December, the company and Shandong Hi-Speed Holdings Group Limited entered into an agreement to build renewable energy projects in northern China. |
| 2023 | Financing Agreements | In November, the company entered into an agreement to secure an investment of US$299 million from Success Flow International Investment and Choice Faith Group Holdings. |
Competitor Comparison
| Key Parameters | VNET Group Inc | China Mobile Ltd | China Telecom Corp Ltd | China Unicom (Hong Kong) Ltd | Baidu Inc |
|---|---|---|---|---|---|
| Headquarters | China | China | China | Hong Kong | China |
| City | Beijing | Beijing | Beijing | Hong Kong | Beijing |
| State/Province | Beijing | Beijing | Beijing | - | Beijing |
| No. of Employees | 2,784 | 461,345 | 277,911 | 239,307 | 33,500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Josh Sheng Chen | Chairman | Executive Board | 2024 | 57 |
| Qiyu Wang | Chief Financial Officer | Senior Management | - | 48 |
| Ju Ma | Executive Vice President | Senior Management | 2021 | - |
| Wen Teng | President - Rotating | Senior Management | 2024 | - |
| Zhihua Zhang | Senior Vice President | Senior Management | - | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer