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Vnet Group inc   (VNET)
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Price: $1.8600 $0.06 3.333%
Day's High: $1.92 Week Perf: 5.68 %
Day's Low: $ 1.77 30 Day Perf: 16.25 %
Volume (M): 2,663 52 Wk High: $ 4.19
Volume (M$): $ 4,953 52 Wk Avg: $2.78
Open: $1.90 52 Wk Low: $1.39



 Market Capitalization (Millions $) 1,649
 Shares Outstanding (Millions) 887
 Employees 2,599
 Revenues (TTM) (Millions $) 197
 Net Income (TTM) (Millions $) -110
 Cash Flow (TTM) (Millions $) 186
 Capital Exp. (TTM) (Millions $) 443

Vnet Group Inc
We are a leading carrier-neutral and cloud-neutral data center services provider in China. We have one of the largest carrier-neutral data center networks in China with our 32 self-built data centers and 52 partnered data centers with an aggregate capacity of 53,553 cabinets under our management as of December 31, 2020. Our data centers are concentrated in tier-1 cities and their surrounding regions, which have favorable supply-demand dynamics, owing to dense internet traffic, scarce resources and high demand for data center facilities.
We are a pioneer in the carrier-neutral data center industry in China and commenced our operations in 1999. We are one of the first carrier-neutral data center services providers in China with infrastructure interconnected with various carrier networks, which connect and share data traffic to help scale the rapid development of the early internet industry in China. Based on our partnership with Microsoft to introduce Azure and Office 365 in China in 2013, we are also the first carrier-neutral data center services provider to offer global cloud services in China and our services have helped accelerate the digital transformation of our enterprise customers.
We offer managed hosting services to host our customers' servers and networking equipment and provide interconnectivity to improve the performance, availability and security of their internet infrastructure. We have adopted a 'dual-core' strategy to address both retail and wholesale data center market opportunities. Our managed retail services provide different levels of services that are scalable to meet our customers' needs, from a single cabinet up to megawatt-scale deployments. Our managed wholesale services provide customers with new data center sites constructed and developed by us based on their specified standards. We believe that the scale of our data center footprint and networking assets as well as our carrier- and cloud-neutrality, position us well to capture the vast opportunities in the rapidly expanding market of internet and cloud computing infrastructure services in China.
In addition, we are a first mover among China's carrier-neutral data center service providers in offering cloud services through partnerships to cover public, private and hybrid cloud scenarios. We provide customized enterprise VPN services and solutions, including software-defined wide area network, or SD-WAN, to enterprises across various industries. These value-added services strengthen our capability to provide quality services and meet our customers' additional demands.
Through our quality data center network, we offer comprehensive hosting and related services, including:

Managed Hosting Services consisting of managed retail services and managed wholesale services. Our managed retail services include (i) colocation services that dedicate data center space to house our customers' servers and networking equipment and provide tailored server administration services, (ii) interconnectivity services that allow customers to connect their servers with each other, internet backbones in China and other networks through our Border Gateway Protocol, or BGP, network, or our single-line, dual-line or multiple-line networks, and (iii) value-added services, including hybrid IT services, firewall services, server load balancing, data backup and recovery, data center management, server management, and backup server services. To address the wholesale IDC market opportunities, we established a 'dual-core' strategy in 2019 to expand our services to managed wholesale services to China's internet giants and large-scale cloud computing service providers. We construct and deliver data centers based on these customers' required specifications and standards;
Cloud Services that allow businesses to run their applications over the internet using our IT infrastructure rather than having the infrastructure on their own premises; and
VPN Services that extend customers' private networks by setting up secure and dedicated connections through the public internet. Our data centers host the servers of our customers and meet their needs to deploy computing, network, storage and IT infrastructure. Our services are scalable, allowing our customers to purchase space and power and upgrade connectivity and services as their requirements evolve. In addition, our customers benefit from our data centers' wide range of physical security features, including sensitive smoke detection systems, fire suppression systems, secured access, around-the-clock video camera surveillance and security breach alarms. Our data centers are fully-redundant and feature resilient power supplies, energy efficient design, connection with multiple network providers and 24/7 on-site support provided by our skilled engineers. As a result, we are able to provide service-level agreement for 99.99% uptime for power for our self-built data centers. As a carrier-neutral data center service provider, we provide high interconnectivity to our customers with our access to multiple carriers and service providers and the availability of multiple-provider bandwidth. By securing multiple suppliers for connectivity and using redundant hardware, we are able to guarantee 99.9% internet connectivity uptime for our self-built data centers.

We have been providing managed retail services since the inception of our operations in 1999 and started to provide managed wholesale services in 2019 to implement our 'dual-core' strategy that we developed in 2019. Managed Retail Services. Our managed retail services include colocation services, interconnectivity services, and value-added services.

Colocation Services allow customers to lease partial or entire cabinets for their servers. Our customers have full control over their server(s) housed in our data centers. Depending on customer needs, we provide different levels of tailored server administration services, including operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery. Our customers' servers are housed in our data centers providing redundant power sources and heating, ventilating and air conditioning systems. Our colocation services relieve customers from the daily pressures of IT infrastructure maintenance so that they can focus on their core businesses. Customers have the option to either place their servers and equipment in standard cabinets dedicated for their private use, or in cabinets shared with other customers. They can customize their cabinet space for their servers, network connections and equipment. Customers can elect to buy the hardware that they place within their cabinets from their chosen suppliers. In addition, customers can also lease power-enabled blank space, where they can place their own cabinets in our data centers or use our services to build their customized cabinet space.
Interconnectivity Services are provided by us in the following ways:
Border Gateway Protocol (BGP) Network Services. We provide network services that use BGP routing protocol and policies, which allow the internet to become a decentralized system and thereby reduces traffic congestion and data transmission time;
Single-line Network Services. Some of our customers choose to connect their servers only to one telecommunication carrier in China. Based on their selections, we provide them with network connection to the major telecommunication carriers, including China Telecom, China Unicom and China Mobile; and
Multiple-line Network Services. As a carrier-neutral service provider, our data centers are connected to all carrier and non-carrier networks in China. Customers then may choose to connect their servers to two or multiple networks, which provides more cost-effective internet access and ensures better business continuity. Our interconnectivity services connect our customers with each other, connect our data centers with telecommunication carriers' backbone network and other networks. We provide cross-connection services to our customers. Upon the request of the customers, we utilize single or multi-mode fibers to create links between the customers directly and privately.
Value-Added Services are provided by us in the following ways:
Hybrid IT Services. Our hybrid IT services provide customers with a complete package of infrastructure service offerings, conveniently bundled to expedite the customer's process to launch their applications and products to the extent possible. In conjunction with our infrastructure-as-a-service, or IaaS, platform, hybrid IT services combine colocation, servers, connectivity, storage and customer services to save IT infrastructure installation time, and provide a complete, reliable, and secured environment for customer's IT demands. As more customers move their IT resources to the cloud, our cloud-neutral platform will enable our hybrid IT services to provide both private and public cloud services as well as their inter-linked connections;
Private and Hybrid Cloud Services. We provide private cloud, hybrid cloud and multi-cloud managed services to address enterprises' needs in aspects of data sovereignty, cost of ownership, and customization through our proprietary technologies and technical integration with selected partners, such as VMWare, Redhat and ZStack; and
Other Value-Added Services. To complement our hosting services and enhance our customers' experiences, we also provide other value-added services, including bare metal services, firewall services, server load balancing, data backup and recovery, data center management, server management, and backup server services. In addition, we also provide customers with traffic charts and analysis, gateway monitoring for servers, domain name system setup, defense mechanism against distributed denial of service (DDOS) attacks, basic setting of switches and routers, and virus protections.
We started providing public cloud services in 2013 through our cooperation with Microsoft. Under our cooperation arrangement with Microsoft, we provide Microsoft's cloud services, including Azure, Office 365, Dynamics 365 and Power Platform, to customers in mainland China by entering into service agreements with such end customers.
We provide IaaS, platform-as-a-service, and software-as-a-service, or SaaS, to our enterprise and individual end customers on the public cloud. Microsoft Azure provides our customers with a one-stop shop to purchase a portion of the pooled computing resources, control the applications uploaded to the virtual servers and/or access to the applications run by various operators on the cloud infrastructure, and pay on an on-demand basis. Through Office 365 services, we provide our customers with not only the complete Office applications, but also business-class email, file sharing and HD video conferencing, all working together and connected in the public cloud so that customers can have access to everything they need to run their business from anywhere.
The total customer billing amounts are divided between Microsoft and us and we retain a portion of the total customer billing amounts based on the agreed-upon metrics. All sales amounts from our services to customers are deposited into an escrow account which are jointly administered by Microsoft and us and we settle the payments to Microsoft on a monthly basis. In addition, we are entitled to receive incentive payments from Microsoft upon the completion of certain sales or services conditions. Our current agreement with Microsoft has a term of ten years till 2027.


   Company Address: Guanjie Building Southeast 1st Floor Beijing 100016
   Company Phone Number: 10 8456-2121   Stock Exchange / Ticker: NASDAQ VNET
   VNET is expected to report next financial results on April 25, 2024.


Customers recorded net loss Customers recorded net loss



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Stock Offering

VNET Group Completes Repurchase Offer, Strengthening Position as China's Premier Internet Data Center Services Provider

Published Mon, Feb 5 2024 11:00 AM UTC



In a recent press release, VNET Group, Inc., a prominent carrier- and cloud-neutral internet data center services provider in China, announced the successful completion of its repurchase right offer for its 0.00% Convertible Senior Notes due 2026. This strategic move reinforces VNET's commitment to enhancing shareholder value and further solidifies its position in ...

Class Action

VNET Group, Inc. Faces Securities Class Action Lawsuit: Impact on Shares and Investors' Rights

Published Tue, Jan 16 2024 7:56 PM UTC



VNET Group, Inc., a prominent player in the Internet Services & Social Media industry, finds itself embroiled in a securities class action lawsuit, potentially impacting the company's shares and shareholder interests. The renowned law firms Rosen Law Firm, Levi & Korsinsky, and Bragar Eagel & Squire have initiated legal actions against VNET Group, Inc., urging inve...

Class Action

Bragar Eagel & Squire, PC Reminds Investors of Class Action Lawsuits Against Dollar General, Estee, and VNET; Urges Investors to Seek Legal Counsel

Published Tue, Jan 9 2024 2:00 AM UTC

Bragar Eagel & Squire, P.C. Reminds Investors of Class Action Lawsuits Against Dollar General, Estee, and VNET; Urges Investors to Seek Legal Counsel
In recent news, Bragar Eagel & Squire, P.C., a prominent shareholder rights law firm, has reminded investors that class action lawsuits have been initiated on behalf of stockholders of Dollar General Corporation (NYSE: DG),...

Class Action

Investors of VNET Group, Inc. Urged to Seek Legal Representation before Securities Class Action Deadline

Published Fri, Jan 5 2024 3:45 AM UTC


In recent news, renowned investor counsel Rosen Law Firm is advising investors of VNET Group, Inc. (NASDAQ: VNET) to secure legal counsel before the upcoming February 26, 2024 lead plaintiff deadline in a securities class action lawsuit. This reminder is crucial for purchasers of VNET securities between April 8, 2022, and February 15, 2023, as this period falls within t...






 

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