VNET GroupVNET
About: 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 the end of June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.
Employees: 3,038
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
468% more call options, than puts
Call options by funds: $4.37M | Put options by funds: $770K
273% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 6 (+2) [Q4]
41% more capital invested
Capital invested by funds: $321M [Q3] → $453M (+$132M) [Q4]
39% more funds holding
Funds holding: 76 [Q3] → 106 (+30) [Q4]
1.09% more ownership
Funds ownership: 5.09% [Q3] → 6.18% (+1.09%) [Q4]
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
Research analyst outlook
We haven’t received any recent analyst ratings for VNET.
Financial journalist opinion
Based on 11 articles about VNET published over the past 30 days
