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VNET Group Inc (VNET Group), formerly 21Vianet Group Inc, is a technology company operating as a carrier-neutral and cloud-neutral data center services provider. The company offers hosting and related services such as data centers, internet data centers (IDC), managed-to-host services and cloud services. VNET Group also offers VPN solutions including SD-WAN. It provides managed hosting services comprising retail services, colocation services, hybrid IT services, interconnectivity services, managed wholesale services and value-added services. The company serves telecommunication, non-carriers, and local internet service providers, government entities, and blue-chip, small- to mid-sized enterprises. The company operates in China, Hong Kong, the Cayman Islands, and the British Virgin Islands. VNET Group is headquartered in Beijing, China.
Headquarters
China
Address
Southeast 1st Floor, Guanjie Building, No. 10, Jiuxianqiao East Road, Beijing, 100016
Website
ir.21vianet.com
Telephone
86 10 84562121
No of Employees
3,293
Industry
Technology and Communications
Ticker Symbol & Exchange
VNET (NASD)
Revenue (2022)
$1.0B
4.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-240.7%
(2022 vs 2021)
Market Cap*
$378.3M
Net Profit Margin (2022)
XYZ
-224.9%
(2022 vs 2021)
* As of and is in US$
VNET Group Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Content Delivery Network (CDN) Services |
| Virtual Private Network (VPN) Services |
| Managed Hosting Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 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. |
| 2020 | Financing Agreements | In June, the company announced to raise US$150 million from an investment firm, Blackstone . |
Competitor Comparison
| Key Parameters | VNET Group Inc | China Mobile Ltd | Amazon Web Services Inc | China Telecom Corp Ltd | China Unicom (Hong Kong) Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | United States of America | China | Hong Kong |
| City | Beijing | Beijing | Seattle | Beijing | Hong Kong |
| State/Province | Beijing | Beijing | Washington | Beijing | - |
| No. of Employees | 3,293 | 450,000 | 10,000 | 280,683 | 243,586 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Josh Sheng Chen | Chairman | Executive Board | 1996 | 53 |
| Jianbiao Zhu | Co-Chairman | Executive Board | 2024 | - |
| Jeff Dong | Chief Executive Officer | Senior Management | 2022 | - |
| Tim Chen | Chief Financial Officer | Senior Management | 2021 | 47 |
| Alvin Shiqi Wang | Chief Executive Officer - Wholesale IDC | Senior Management | 2021 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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