VNET Group Overview
- Year Founded
-
1996
- Status
-
Public
- Employees
-
3,038
- Stock Symbol
-
VNET
- Investments
-
12
- Share Price
-
$4.74
- (As of Wednesday Closing)
VNET Group General Information
Description
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.
Contact Information
Website
www.vnet.comCorporate Office
- Southeast 1st Floor 10 Jiuxianqiao East Road
- Chaoyang District
- Beijing, 100016
- China
Corporate Office
- Southeast 1st Floor 10 Jiuxianqiao East Road
- Chaoyang District
- Beijing, 100016
- China
VNET Group Stock Performance
As of 16-Apr-2025, VNET Group’s stock price is $4.74. Its current market cap is $1.27B with 267M shares.
(As of Wednesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $4.74 | $5.39 | $1.42 - $16.13 | $1.27B | 267M | 10.9M | $0.09 |
VNET Group Financials Summary
As of 31-Dec-2024, VNET Group has a trailing 12-month revenue of $1.15B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 3,471,433 | 3,471,433 | 2,719,025 | 2,525,186 |
| Revenue | 1,151,016 | 1,151,016 | 1,047,782 | 1,049,104 |
| EBITDA | 118,139 | (31,634) | 210,918 | |
| Net Income | 25,531 | 25,531 | (373,693) | (115,220) |
| Total Assets | 4,432,411 | 4,432,411 | 4,286,587 | 3,905,962 |
| Total Debt | 2,478,601 | 2,478,601 | 2,422,416 | 2,139,983 |
VNET Group Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
VNET Group Comparisons
Industry
Financing
Details
VNET Group Competitors (5)
One of VNET Group’s 5 competitors is GDS Services, a Corporation company based in Beijing, China.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| GDS Services | Corporation | Beijing, China | ||||
| Equinix | Formerly VC-backed | Redwood City, CA | ||||
| Deutsche Glasfaser | Private Equity-Backed | Borken, Germany | ||||
| Rackspace Technology | Formerly PE-Backed | San Antonio, TX | ||||
| AirTrunk | Private Equity-Backed | North Sydney, Australia |
VNET Group Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
VNET Group Patents
VNET Group Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-8838895-B2 | Solid-state disk caching the top-k hard-disk blocks selected as a function of access frequency and a logarithmic system time | Inactive | 09-Jun-2011 | ||
| US-20140365722-A1 | Solid-state disk caching the top-k hard-disk blocks selected as a function of access frequency and a logarithmic system time | Inactive | 09-Jun-2011 | ||
| US-20120317338-A1 | Solid-state disk caching the top-k hard-disk blocks selected as a function of access frequency and a logarithmic system time | Active | 09-Jun-2011 | G06F12/0868 |
VNET Group Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
VNET Group Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
VNET Group Investments & Acquisitions (12)
VNET Group’s most recent deal was a Early Stage VC with Matrix Origin for . The deal was made on 17-May-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Matrix Origin | 17-May-2024 | Early Stage VC | Business/Productivity Software | ||
| TenxCloud.com | 20-Jul-2021 | Merger/Acquisition | Business/Productivity Software | ||
| VNET Group (Data Centre in Beijing) | 26-Mar-2021 | Corporate Asset Purchase | Other Business Products and Services | ||
| Taiji Data | 01-Jan-2017 | Joint Venture | Systems and Information Management | ||
| JV (21 Vianet/Warburg Pincus) | 31-Oct-2016 | Joint Venture | Systems and Information Management |
VNET Group ESG
Risk Overview
Risk Rating
Updated November, 22, 2024
18.62 | Low Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,109
Rank
Percentile
Software & Services
Industry
of 957
Rank
Percentile
Internet Software and Services
Subindustry
of 215
Rank
Percentile
VNET Group Exits (4)
VNET Group’s most recent exit was on 01-Jan-2017 from Taiji Data. The exit was categorized as with 2 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Taiji Data | 01-Jan-2017 | Completed |
|
||
| VeloCloud | 01-Aug-2014 | Completed |
|
||
| M87 | 19-Mar-2014 | Completed |
|
||
| Nexmo | 21-Jan-2014 | Later Stage VC | Completed |
|
VNET Group Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| TenxCloud.com | Beijing, China | 2014 |
VNET Group FAQs
-
When was VNET Group founded?
VNET Group was founded in 1996.
-
Where is VNET Group headquartered?
VNET Group is headquartered in Beijing, China.
-
What is the size of VNET Group?
VNET Group has 3,038 total employees.
-
What industry is VNET Group in?
VNET Group’s primary industry is Internet Service Providers.
-
Is VNET Group a private or public company?
VNET Group is a Public company.
-
What is VNET Group’s stock symbol?
The ticker symbol for VNET Group is VNET.
-
What is the current stock price of VNET Group?
As of 16-Apr-2025 the stock price of VNET Group is $4.74.
-
What is the current market cap of VNET Group?
The current market capitalization of VNET Group is $1.27B.
-
What is VNET Group’s current revenue?
The trailing twelve month revenue for VNET Group is $1.15B.
-
Who are VNET Group’s competitors?
GDS Services, Equinix, Deutsche Glasfaser, Rackspace Technology, and AirTrunk are competitors of VNET Group.
-
What is VNET Group’s annual earnings per share (EPS)?
VNET Group’s EPS for 12 months was $0.09.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
