Retrieved on:
Thursday, December 28, 2023
Growth,
Good,
AI,
Partnership,
Carbon,
The Company,
VNET,
Agreement,
Cloud computing,
IDC,
Renewable energy BEIJING, Dec. 28, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, announced that it has entered into a strategic cooperation agreement (the "Agreement") with Shandong Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group.
Key Points:
- BEIJING, Dec. 28, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, announced that it has entered into a strategic cooperation agreement (the "Agreement") with Shandong Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group.
- Pursuant to the Agreement, SDHG and VNET will leverage their respective resources and strengths to develop renewable energy projects in northern China.
- This partnership aims to jointly build low-carbon, secure and highly-efficient renewable energy system, aligning with the national strategy "East Data, West Computing."
- "We're confident of the synergy that SDHG and VNET are going to create through the partnership," said Mr. Josh Sheng Chen, Founder and Executive Chairman of VNET.
Retrieved on:
Thursday, December 28, 2023
Depository Trust Company,
FICC,
Note,
Attention,
Citibank,
CUSIP,
PARTIES,
Trust,
Debt-to-GDP ratio,
Repurchase agreement,
VNET,
Treasury,
Greenwich Street,
NOTES,
The Company,
Exercise,
Security (finance) Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
Key Points:
- Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
- The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder's Notes, or any portion thereof that is an integral multiple of the US$1,000 principal amount.
- Holders of the Notes should refer to the Indenture for a complete description of repurchase procedures.
- Materials filed with the SEC will be available electronically without charge at the SEC's website, http://www.sec.gov .
Retrieved on:
Monday, December 18, 2023
MSCI,
Carbon,
California Energy Commission,
Infrastructure,
VNET,
IT service management,
IDC,
AI,
The Company,
CDP,
ESG,
Renewable energy,
Yangtze Delta,
Physics,
Taicang BEIJING, Dec. 18, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, recently showcased the Company's development of renewable energy infrastructure for representatives from the US-China Green Energy Council ("UCGEC") during a site visit to its Taicang data center campus in China's Yangtze River Delta region.
Key Points:
- BEIJING, Dec. 18, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, recently showcased the Company's development of renewable energy infrastructure for representatives from the US-China Green Energy Council ("UCGEC") during a site visit to its Taicang data center campus in China's Yangtze River Delta region.
- As a multi-phase flagship project featuring high power density cabinets and large-scale deployment of liquid cooling technology, the Taicang data center campus highlights the Company's ability to efficiently build and deliver premium data centers.
- We are encouraged that our prowess in high-quality data center development as well as proactive green energy strategy received recognition and appreciation from the UCGEC delegation.
- Looking ahead, VNET will continue to strengthen our cooperation with leading technology companies and our customers to achieve our ESG targets and propel low-carbon development."
Retrieved on:
Thursday, November 16, 2023
Motherboard,
Investment,
Treasury,
Consortium,
Choice,
Exercise,
International investment agreement,
ADS,
VNET,
Consortium Agreement of 1954,
IDC,
The Company,
Schedule,
Security (finance),
PRC BEIJING, Nov. 16, 2023 /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 Success Flow International Investment Limited ("Success Flow") and Choice Faith Group Holdings Limited ("Choice Faith") have entered into an investment agreement (the "Investment Agreement") with VNET to make an equity investment in an aggregate amount of US$299 million (the "Proposed Investment") in the Company.
Key Points:
- BEIJING, Nov. 16, 2023 /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 Success Flow International Investment Limited ("Success Flow") and Choice Faith Group Holdings Limited ("Choice Faith") have entered into an investment agreement (the "Investment Agreement") with VNET to make an equity investment in an aggregate amount of US$299 million (the "Proposed Investment") in the Company.
- Both Success Flow and Choice Faith are beneficially owned by Shandong Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), the shares of which are listed on the Main Board of The Hong Kong Stock Exchange.
- The closing of the Proposed Investment is expected to occur around the end of 2023 or January 2024.
- "Their investment will further strengthen our balance sheet and fuel innovation as we will cooperatively explore new opportunities in renewable energies with them going forward.
Retrieved on:
Wednesday, November 15, 2023
EBITDA,
Acquisition,
Employment,
Policy,
Bank statement,
LOSS,
PIN,
Depreciation,
ADS,
Research,
RMB,
USD,
Marketing,
VNET,
H.10,
GAAP,
Translation,
Internet,
NET,
Growth,
Development,
CASH,
IDC,
The Company,
Bank,
Bookkeeping,
Rare-earth element,
Video game,
Internet service provider BEIJING, Nov. 15, 2023 /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 third quarter ended September 30, 2023.
Key Points:
- BEIJING, Nov. 15, 2023 /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 third quarter ended September 30, 2023.
- Qiyu Wang, Chief Financial Officer of VNET, commented, "In the third quarter of 2023, we continued to concentrate on high-quality revenues.
- Cabinets utilized by customers increased by 1,092 in the third quarter of 2023 to reach 52,408 as of September 30, 2023, compared with 51,316 as of June 30, 2023 and 45,527 as of September 30, 2022.
- Retail IDC MRR[2] per cabinet was RMB9,495 in the third quarter of 2023, compared with RMB9,530 in the second quarter of 2023 and RMB9,287 in the third quarter of 2022.
BEIJING, Nov. 3, 2023 /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 third quarter 2023 financial results on Wednesday, November 15, 2023, after the close of U.S. markets.
Key Points:
- BEIJING, Nov. 3, 2023 /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 third quarter 2023 financial results on Wednesday, November 15, 2023, after the close of U.S. markets.
- The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 15, 2023, or 9:00 AM Beijing Time on Thursday, November 16, 2023.
- 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.
Retrieved on:
Thursday, October 5, 2023
BEIJING, Oct. 5, 2023 /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 extraordinary general meeting held on October 5, 2023 in Beijing.
Key Points:
- BEIJING, Oct. 5, 2023 /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 extraordinary general meeting held on October 5, 2023 in Beijing.
- The Company's shareholders adopted the following resolutions as ordinary resolutions:
THAT the authorized share capital of the Company be increased by the creation of an additional 1,500,000,000 Class A ordinary shares with a par value of US$0.00001 each, to rank pari passu in all respects with the existing Class A ordinary shares (the "Increase of Authorized Share Capital"), such that immediately following the Increase of Authorized Share Capital, the authorized share capital of the Company shall be increased FROM US$15,000 divided into 1,500,000,000 shares, par value of US$0.00001 each, comprised of (i) 1,198,935,000 Class A ordinary shares of a par value of US$0.00001 each, (ii) 300,000,000 Class B ordinary shares of a par value of US$0.00001 each, (iii) 60,000 Class C ordinary shares of a par value of US$0.00001 each, (iv) 555,000 Class D ordinary shares of a par value of US$0.00001 each, (v) 150,000 Series A perpetual convertible preferred shares of a par value of US$0.00001 each, and (vi) 300,000 Series A-1 perpetual convertible preferred shares of a par value of US$0.00001 each TO US$30,000 divided into 3,000,000,000 shares, par value of US$0.00001 each, comprised of (i) 2,698,935,000 Class A ordinary shares of a par value of US$0.00001 each, (ii) 300,000,000 Class B ordinary shares of a par value of US$0.00001 each, (iii) 60,000 Class C ordinary shares of a par value of US$0.00001 each, (iv) 555,000 Class D ordinary shares of a par value of US$0.00001 each, (v) 150,000 Series A perpetual convertible preferred shares of a par value of US$0.00001 each, and (vi) 300,000 Series A-1 perpetual convertible preferred shares of a par value of US$0.00001 each; and
THAT each director or officer of the Company be authorized to take any and every action that might be necessary, appropriate or desirable to effect the foregoing resolution as such director or officer, in his or her absolute discretion, thinks fit.
Retrieved on:
Wednesday, August 23, 2023
IDC,
Employment,
Cabinet (government),
Marketing,
Internet,
ADS,
Bank statement,
CASH,
GAAP,
H.10,
NET,
USD,
Cyprus Securities and Exchange Commission,
LOSS,
US,
VPN,
PIN,
EBITDA,
The Company,
Acquisition,
Investment,
Translation,
VNET,
Growth,
Depreciation,
Research,
RMB,
Federal Reserve Board of Governors,
Internet service provider,
Pharmaceutical industry,
Video game,
Bookkeeping,
Cryptocurrency,
Bank BEIJING, Aug. 23, 2023 /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 second quarter ended June 30, 2023.
Key Points:
- BEIJING, Aug. 23, 2023 /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 second quarter ended June 30, 2023.
- Qiyu Wang, Chief Financial Officer of VNET, added, "In the second quarter of 2023, we remained focused on advancing high-quality revenue business to drive margin and profitability improvements.
- Cabinets utilized by customers increased by 2,000 in the second quarter of 2023 to reach 51,316 as of June 30, 2023, compared to 49,316 as of March 31, 2023 and 44,500 as of June 30, 2022.
- Retail IDC MRR[2] per cabinet increased to RMB9,530 in the second quarter of 2023, compared to RMB9,486 in the first quarter of 2023 and RMB9,186 in the second quarter of 2022.
Retrieved on:
Thursday, August 10, 2023
BEIJING, Aug. 10, 2023 /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 second quarter 2023 financial results on Wednesday, August 23, 2023, after the close of U.S. markets.
Key Points:
- BEIJING, Aug. 10, 2023 /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 second quarter 2023 financial results on Wednesday, August 23, 2023, 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, August 23, 2023, or 9:00 AM Beijing Time on Thursday, August 24, 2023.
- 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.
Zhang Qiyue,
Morgan Stanley,
Columbia University,
Affinity Equity Partners,
The Hong Kong University of Science and Technology,
Research,
Concert Communications Services,
Science,
Limited,
The Company,
EMBA,
VNET,
Knowledge,
Growth,
International (Amtrak train),
Financial management,
RMB,
J. P. Morgan,
Management,
Renewable energy,
Finance BEIJING, July 28, 2023 /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 Mr. Tim Chen has been appointed as the Company's Chief Strategy Officer.
Key Points:
- BEIJING, July 28, 2023 /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 Mr. Tim Chen has been appointed as the Company's Chief Strategy Officer.
- Mr. Qiyu Wang, former Vice President of Finance, was promoted to succeed Tim as the Company's Chief Financial Officer, effective immediately.
- Mr. Josh Sheng Chen, Founder and Chairman of VNET, commented, "We are thrilled to congratulate Tim and Qiyu on their new appointments at VNET.
- Their deep expertise and experience will empower the new leadership team to advance our dual-core strategy and unleash VNET's full potential moving forward.
