VNET

VNET Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Research, NET, PIN, Employment, The Company, CASH, Growth, H.10, RMB, LOSS, Acquisition, IDC, AI, ADS, Translation, Bank statement, Investment, Note, GAAP, Depreciation, VNET, Debt-to-GDP ratio, USD, Marketing, Video game

BEIJING, March 27, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BEIJING, March 27, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
  • Qiyu Wang, Chief Financial Officer of VNET, commented, "We delivered robust 2023 results through our strategic focus on high-quality revenues.
  • Retail IDC MRR[2] per cabinet was RMB9,477 in the fourth quarter of 2023, compared with RMB9,495 in the third quarter of 2023 and RMB9,371 in the fourth quarter of 2022.
  • GROSS PROFIT: Gross profit in the fourth quarter of 2023 was RMB290.9 million (US$41.0 million), compared with RMB328.4 million in the same period of 2022.

Velocity Network and GOCare Partner on Digital Customer Experience

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Software as a service, Customer experience, Partnership, Internet service provider, Sonar, VNET, Velocity, UI, Management

ALPHARETTA, Ga., March 26, 2024 /PRNewswire/ -- GOCare, a SaaS provider of digital Customer Experience software, is excited to announce its strategic partnership with Velocity Network.

Key Points: 
  • ALPHARETTA, Ga., March 26, 2024 /PRNewswire/ -- GOCare, a SaaS provider of digital Customer Experience software, is excited to announce its strategic partnership with Velocity Network.
  • Velocity Network is focused on delivering an exceptional customer experience over an advanced network to their growing subscriber base.
  • "We are excited to partner with GOCare because they share VNET's commitment to best-in-class customer experience.
  • GOCare integrating their Customer Experience software with our full business-suite platform for ISPs enhances Velocity Network's and our other mutual customer's operational efficiencies, customer service and digital customer experiences.

VNET to Announce Unaudited Fourth Quarter and Full Year 2023 Financial Results on March 27, 2024

Retrieved on: 
Thursday, March 14, 2024
VNET, PIN, The Company, Internet service provider

BEIJING, March 14, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited fourth quarter and full year 2023 financial results on Wednesday, March 27, 2024, after the close of U.S. markets.

Key Points: 
  • BEIJING, March 14, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited fourth quarter and full year 2023 financial results on Wednesday, March 27, 2024, after the close of U.S. markets.
  • The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Wednesday, March 27, 2024, or 9:00 AM Beijing Time on Thursday, March 28, 2024.
  • For participants who wish to join the call, please access the link provided below to complete the online registration process and dial in 5 minutes prior to the scheduled call start time.
  • Upon registration, each participant will receive a set of dial-in numbers by location, a personal PIN and an email with further detailed instructions, which will be used to join the conference call.

VNET Group, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 12, 2024 deadline

Retrieved on: 
Monday, February 26, 2024
VNET

LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises VNET Group, Inc. ("VNET" or the "Company") (NASDAQ: VNET) investors that a lawsuit was filed on behalf of investors that purchased VNET Group, Inc. securities between April 8, 2022 and February 15, inclusive (the “Class Period”).

Key Points: 
  • LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises VNET Group, Inc. ("VNET" or the "Company") (NASDAQ: VNET) investors that a lawsuit was filed on behalf of investors that purchased VNET Group, Inc. securities between April 8, 2022 and February 15, inclusive (the “Class Period”).
  • Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com .
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against VNET Group, Inc. - VNET

Retrieved on: 
Tuesday, February 20, 2024
Pomerantz, Court, Prior, News, Complaint, Cayman, Ext, VNET, Executive, Facility, Action Replay, Cryptocurrency

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).

Key Points: 
  • NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether VNET and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

VNET Group, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 12, 2024 deadline.

Retrieved on: 
Wednesday, February 14, 2024
VNET

​LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises VNET Group, Inc. ("VNET" or the "Company") (NASDAQ: VNET) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between April 8, 2022 and February 15, inclusive (the “Class Period”).

Key Points: 
  • ​LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises VNET Group, Inc. ("VNET" or the "Company") (NASDAQ: VNET) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between April 8, 2022 and February 15, inclusive (the “Class Period”).
  • Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com .
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against VNET Group, Inc. - VNET

Retrieved on: 
Sunday, February 11, 2024
Pomerantz, Court, Prior, News, Complaint, Cayman, Ext, VNET, Executive, Facility, Action Replay, Cryptocurrency

NEW YORK, Feb. 11, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).

Key Points: 
  • NEW YORK, Feb. 11, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether VNET and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

VNET Announces the Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026

Retrieved on: 
Monday, February 5, 2024
VNET, Debt-to-GDP ratio, CUSIP, Repurchase agreement, The Company, Growth, Management

BEIJING, Feb. 5, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the completion of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • BEIJING, Feb. 5, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the completion of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
  • The repurchase right offer expired at 5:00 p.m. (New York City time) on Tuesday, January 30, 2024.
  • Our successful completion of the convertible senior notes repurchase demonstrates our commitment to high-quality, long-term development as well as our strong strategic execution.
  • We view the convertible senior notes repurchase as a pivotal step towards the Company's robust future and remain confident in VNET's value proposition and growth potential in the long run."

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against VNET Group, Inc. - VNET

Retrieved on: 
Saturday, February 3, 2024
Pomerantz, VNET, Ext, News, Cayman, Prior, Executive, Complaint, Facility, Court, Action Replay, Cryptocurrency

NEW YORK, Feb. 03, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).

Key Points: 
  • NEW YORK, Feb. 03, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether VNET and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

VNET Announces the Results of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026

Retrieved on: 
Wednesday, January 31, 2024
VNET, Debt-to-GDP ratio, CUSIP, The Company

BEIJING, Jan. 31, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the results of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • BEIJING, Jan. 31, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the results of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
  • 90138V AB3) (the "Notes").
  • The repurchase right offer expired at 5:00 p.m. (New York City time) on Tuesday, January 30, 2024.
  • as the paying agent for the Notes, US$600,000,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer.