VNET
Information Technology

VNET Group, Inc.

VNET
Since 1999

Headquarters:

China

Exchange:

NASDAQ

Industry:

Information Technology Services

Number of Employees:

3.04K

Current Fiscal Year:

2024

Market Cap:

1.65B

Price per Share:

$6.29

Quarterly Dividend per Share:

Year-to-date Performance:
24.3083%
Dividend Yield:
%
Price-to-book Ratio:
0.27
Trailing P/E Ratio:
N/A

Price History

Latest Prices

DateOpenHighLowClose
2025-04-305.956.365.816.29
2025-04-295.555.835.515.66
2025-04-285.375.635.295.44
2025-04-255.355.4255.1755.38
2025-04-245.295.565.225.42

VNET Group, Inc., an investment holding company, provides hosting and related services in China. The company offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. It also provides cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN services that extend customers' private networks by setting up connections through the public internet. In addition, the company provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1996 and is headquartered in Beijing, the People's Republic of China.

Financial Performance

2024 Revenue:7.68B

Detailed view of quarterly revenue

2024 Net Income:-2.62B

Detailed view of quarterly net income

2024 Free Cash Flow:-2.20B

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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Industrials
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23.35M
Market Cap
*Data based on the last 12 months.