21Vianet Group

VNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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VNET Group reports strong Q4 earnings, eyes growth amid challenges

VNET Group's Q4 2022 earnings call highlighted solid financial results, successful customer acquisitions, and progress in ESG initiatives amidst macroeconomic challenges.
The company's Dual-Core strategy, focus on digital transformation, and major order wins underscore its market competitiveness and growth potential.
While facing challenges and uncertainties, VNET remains optimistic about future growth opportunities, supported by industry trends and strategic initiatives.

21Vianet Group (VNET) reports robust Q1 earnings amidst market expansion

21Vianet Group (VNET) demonstrated strong financial performance in Q1 2023, driven by revenue growth and operational efficiency.
While facing challenges in pricing dynamics and non-IDC business growth, VNET's strategic strengths lie in securing key customers and expanding service offerings.
With a positive market outlook and a focus on sustainability and innovation, VNET is well-positioned to capitalize on growth opportunities in the digital economy.

VNET Group reports solid Q2 earnings, eyes growth through innovation

VNET Group's Q2 performance reflects steady growth, innovation in new solutions, and a commitment to sustainability. While facing challenges in cost management and debt repayment, the company is well-positioned to seize opportunities in expanding its customer base and enhancing its service offerings.

21Vianet Group (VNET) reports solid Q3 growth and strategic focus

VNET's Q3 performance reflects growth in revenues, profitability, and market appeal, driven by demand for premium IDC services and AI applications.
The company's strategic focus on high-profit margin businesses and reducing exposure to lower-margin segments bodes well for long-term financial health.
While facing challenges such as significant CapEx increases and managing cash flow, VNET has opportunities to capitalize on AI-driven services and sustainable growth.

VNET Group reports robust earnings, eyes growth amid market dynamics

VNET Group demonstrated strong financial performance in Q4 2023 and for the full year, supported by operational achievements and strategic initiatives.
While facing challenges in managing CapEx and addressing investor inquiries, the company's strengths in sustainability, market positioning, and financial stability provide a foundation for growth.
Opportunities lie in leveraging China's digital economy initiatives, executing on 2024 guidance, and enhancing operational efficiency to drive future success and value creation.

21Vianet Group posts solid Q1 results, eyes global expansion

21Vianet Group's Q1 performance reflects resilience, growth potential, and strategic foresight in navigating the dynamic digital infrastructure market, despite facing challenges in cost management and strategic alignment.
The company's focus on AI-driven data centers, global expansion, and revenue diversification underscores its commitment to innovation, sustainability, and long-term value creation for stakeholders.
With a strong financial foundation, operational efficiency, and a clear growth trajectory, 21Vianet Group is well-positioned to capitalize on emerging opportunities, address challenges, and drive sustainable growth in the digital economy.

21Vianet Group (VNET) reports robust Q2 earnings and growth prospects

21Vianet Group (VNET) delivered a strong Q2 2024 performance, driven by revenue growth in wholesale business and stable development in retail IDC.
The company's focus on AI trends, sustainability, and prudent financial management positions it well for future growth and market opportunities.
While facing challenges in CapEx management and balancing growth with profitability, VNET's positive outlook and strategic initiatives offer avenues for sustained success.
Overall, VNET's performance reflects operational resilience, financial improvement, and a strategic vision for long-term value creation and market leadership.

VNET Group excels in Q3, raises guidance amidst tech opportunities

VNET Group delivered a strong Q3 performance with revenue and profitability growth, supported by new order wins and advancements in AI computing capabilities.
The company's focus on green computing, prudent financial management, and raised guidance for 2024 underscore confidence in future prospects.
While challenges exist in sustaining growth momentum and managing investments, VNET has opportunities to leverage technology trends and sustainability initiatives for strategic advantage.

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BEIJING, May 14, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it plans to release its first quarter 2021 financial results on Tuesday, May 25, 2021, after the market closes. The Company will hold a conference call at 8:00 P.M. on Tuesday, May 25, 2021, U.S. Eastern Time, or 8:00 A.M. on Wednesday, May 26, 2021, Beijing Time, to discuss the financial results.

21Vianet Group, Inc. to Announce Unaudited First Quarter 2021 Financial Results

BEIJING, April 29, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it has filed its annual report containing its audited consolidated financial statements on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on April 28, 2021 Eastern Time. The annual report can be accessed on 21Vianet's investor relations website at http://ir.21vianet.com/. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon request.

21Vianet Group, Inc. Filed Its Annual Report on Form 20-F

BEIJING, April 29, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, announced today that Mr. Tim Chen, Chief Strategy Officer, will assume the role of Chief Financial Officer. Mr. Chen will succeed Ms. Sharon Xiao Liu, who will step down as the Company's Chief Financial Officer and serve as an advisor to the Company before leaving the Company in June 2021.

21Vianet Names Tim Chen as Chief Financial Officer

Bear of the Day: 21Vianet (VNET)

Juniper Networks

Juniper (JNPR) routing platforms will enable network administrators to seamlessly migrate applications within and between various data centers for operational efficiency and optimization of network traffic flow.

Juniper (JNPR) to Power 21Vianet's (VNET) Data Center Expansion

BEIJING--(BUSINESS WIRE)--Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that 21Vianet (NASDAQ: VNET), a leading carrier-neutral data center service provider in China, has deployed Juniper Networks® MX Series Universal Routing Platforms using segment routing traffic engineering (SR-TE) protocols to help meet the rising demands of data traffic and to support the ever-growing digital transformation needs of its customers. With big data driving the explosive

China's Largest Carrier-Neutral Data Center Service Provider 21Vianet Selects Juniper Networks to Power Expanded Interconnected Data Center

Chinese carrier-neutral and cloud-neutral data center services provider 21Vianet Group Inc (NASDAQ: VNET) inked an agreement to acquire 48.6 million shares of Tuspark Innovation Venture Limited for $260 million or $5.346 per share, or $32.076 per American depository share (ADS). The repurchase price signified a 5.9% discount to 21Vianet's Tuesday closing price of $34.1.

21Vianet To Acquire Class B Shares Worth $260M From Tuspark

21Vianet Group, Inc. (VNET) CEO Samuel Shen on Q4 2020 Results - Earnings Call Transcript

BEIJING, March 24, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it has entered into a share purchase agreement with Tuspark Innovation Venture Limited (“Tuspark”), pursuant to which 21Vianet will purchase from Tuspark 48,634,493 Class B ordinary shares of the Company for an aggregate purchase price of approximately US$260 million. The repurchase price will be at US$5.346 per ordinary share, or US$32.076 per American depository share (“ADS”), which is the product of (i) the daily volume weighted average price of the ADSs for the consecutive thirty (30) trading days ended on March 22, 2021, multiplied by (ii) 88%.

21Vianet Announces Signing of Definitive Agreement to Repurchase Approximately US$260 million of Class B Ordinary Shares from Tuspark

BEIJING, March 23, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" 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 ended December 31, 2020. The Company will hold a conference call at 8:30 P.M. on Tuesday, March 23, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.

21Vianet Group, Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results

BEIJING, March 02, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it plans to release its fourth quarter and full year 2020 financial results on Tuesday, March 23, 2021, after the market closes. The Company will hold a conference call at 8:30 P.M. on Tuesday, March 23, 2021, U.S. Eastern Time, or 8:30 A.M. on Wednesday, March 24, 2021, Beijing Time, to discuss the financial results.

21Vianet Group, Inc. to Announce Unaudited Fourth Quarter and Full Year 2020 Financial Results

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Julian Robertson (Trades, Portfolio)'s Tiger Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Julian Robertson's Biggest Trades of the 4th Quarter

BEIJING, Jan. 22, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced the pricing of its previously announced offering (the “Notes Offering”) of US$525 million in aggregate principal amount of convertible senior notes due 2026 (the “Notes”). The Company granted the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$75 million in aggregate principal amount of the Notes. The Company plans to use the net proceeds from the Notes Offering for expanding data center infrastructure, repaying the Company's outstanding senior notes due 2021 and other general corporate purposes.

21Vianet Announces Pricing of Offering of US$525 million Convertible Senior Notes

BEIJING, Jan. 21, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced a proposed offering (the “Notes Offering”) of US$525 million in aggregate principal amount of convertible senior notes due 2026 (the “Notes”) subject to market conditions and other factors. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$75 million in aggregate principal amount of the Notes. The Company plans to use the net proceeds from the Notes Offering for expanding data center infrastructure, repaying the Company's outstanding senior notes due 2021 and other general corporate purposes.

21Vianet Announces Proposed Offering of US$525 million Convertible Senior Notes

BEIJING, Dec. 14, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that on December 14, 2020, Mr. Tao Zou, a director of the Company nominated by King Venture Holdings Limited (“King Venture”) in accordance with an Investor Rights Agreement dated as of January 15, 2015 by and among the Company, King Venture and certain other parties (the “Investor Rights Agreement”), informed the Company's board of directors of his decision to resign from the board with immediate effect due to personal reasons. The resignation of Mr. Zou did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company would like to take this opportunity to express its appreciation to Mr. Zou for his service to the Company.

21Vianet Announces Resignation of Director

Investors are impressed with the tech company's improving profit margins.

Why 21Vianet Stock Soared Today

21Vianet Group, Inc. (VNET) CEO Alvin Wang on Q3 2020 Results - Earnings Call Transcript

Shares of 21Vianet Group (NASDAQ:VNET) rose 12.54% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 200.00% over the past year to $0.06, which beat the estimate of ($0.03).

21Vianet Group: Q3 Earnings Insights

BEIJING, Nov. 04, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it plans to release its third quarter 2020 financial results on Tuesday, November 24, 2020, after the market closes. The Company will hold a conference call at 8:00 P.M. on Tuesday, November 24, 2020, U.S. Eastern Time, or 9:00 A.M. on Wednesday, November 25, 2020, Beijing Time, to discuss the financial results.

21Vianet Group, Inc. to Announce Unaudited Third Quarter 2020 Financial Results

BEIJING, Oct. 28, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (NASDAQ: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that its Board of Directors has approved several promotions to strengthen its senior leadership team to further enable 21Vianet's continued growth.

21Vianet Strengthens Senior Leadership Team

BEIJING, Aug.  31, 2020  (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that the underwriters of its previously announced follow-on offering (the “Follow-on Offering”) have exercised in full their option to purchase an additional 2,550,000 American depositary shares (“ADSs”) from 21Vianet at the public offering price of US$20.75 per ADS. Each ADS represents six of the 21Vianet’s Class A ordinary shares.

21Vianet Announces Full Exercise of Underwriters’ Option to Purchase Additional ADSs

The Chinese tech company priced a secondary offering, raising cash to expand its data center infrastructure.

Why 21Vianet Stock Skyrocketed Today

BEIJING, Aug.  26, 2020  (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced the pricing of a follow-on offering by it of 17,000,000 American depositary shares (“ADSs”), each representing six of its Class A ordinary shares (the “Follow-on Offering”), at a public offering price of US$20.75 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 2,550,000 additional ADSs from 21Vianet at the same price.

21Vianet Announces Pricing of Follow-on Offering of 17,000,000 American Depositary Shares

BEIJING, Aug.  24, 2020  (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it intends to offer and sell 17,000,000 American depositary shares (“ADSs”), each representing six of its Class A ordinary shares (the “Proposed Offering”), subject to market and other conditions, in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an aggregate of 2,550,000 additional ADSs from 21Vianet.

21Vianet Announces Launch of Proposed Follow-on Offering of 17,000,000 American Depositary Shares

21Vianet Group, Inc. (VNET) CEO Shiqi Wang on Q2 2020 Results - Earnings Call Transcript

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