VNET Group, Inc.

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider headquartered in Beijing, China. Founded in 1996, the company's mission is to become a respected Chinese enterprise in the internet infrastructure sector, striving to create a more open and innovative next-generation internet infrastructure. VNET Group aims to provide green direct-current electricity from its data centers to millions of households, reflecting its commitment to sustainable development.

VNET Group offers a comprehensive suite of services, including internet data center (IDC) services, cloud services, and business VPN services. These offerings encompass colocation, managed hosting, and various cloud deployments (private, public, and hybrid). The company operates one of China's largest IDC networks across more than 30 cities, serving over 7,000 enterprise customers, including internet companies, government entities, and blue-chip enterprises. VNET Group also partners with major technology providers such as Microsoft (for Azure and Office 365 services in China), Alibaba Cloud, Tencent Cloud, and Huawei Cloud. As of December 2025, it managed 49,863 retail cabinets and 889 MW of wholesale capacity.

Recent developments at VNET Group include the publication of its 2025 Environmental, Social and Governance (ESG) Report on April 24, 2026, highlighting its focus on green finance initiatives and sustainable practices. The company announced changes to its leadership team in April 2026, with Qiyu Wang resigning as CFO and Peter Zhihua Zhang stepping into a key finance role. Josh Sheng Chen, the founder, serves as the Executive Chairperson and interim Chief Executive Officer. VNET Group reported its unaudited fourth-quarter and full-year 2025 financial results on March 16, 2026, demonstrating continued revenue growth. The company is actively positioning itself in the market by emphasizing its AI infrastructure strategy and commitment to low-carbon operations.