About VNET Group
VNET Group is a publicly listed company based in Beijing (China) founded in 1996. Data center services are provided globally by VNET Group. It operates in the Business Services and Technology sectors. The company has 2,580 employees. VNET Group has completed 2 acquisitions, including Beijing Fastweb Technology and DYXnet. Its chief executive, as recorded, is Samuel Shen. Its website vnet.com draws about 59 thousand monthly visits. Its focus areas include IT Services, Data Center, Horizontal and Digital Transformation Services.
Company details
VNET Group was founded in 1996 and is headquartered in Beijing, China. Data center services are offered by the company, focusing on cloud infrastructure and hosting solutions within the information technology sector. Operations are managed across multiple facilities in China, supporting enterprise clients with colocation, connectivity, and managed services. Leadership is provided by CEO Samuel Shen, overseeing expansion in digital infrastructure.
- Headquarters Beijing, China
- Employees 2,580
- Stage Public
- SectorsBusiness ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website vnet.com
- Legal Name Vnet Group, Inc. Sponsored Adr
- Annual Revenue$1.38 B (USD)20.6as on Dec 31, 2025
- Net Profit-$35.72 M (USD)-252.91as on Dec 31, 2025
- EBITDA$495.01 M (USD)36.84as on Dec 31, 2025
- Latest Funding Round$299M (USD), Post-IPO
Dec 2023
- Investors
- Employee Count2,580
- Investments & AcquisitionsBeijing Fastweb Technology
& 1 more
Funding Insights of VNET Group
- Total Rounds 3
- Last Round Post-IPO — $299M
- First Round $150M
(Jun 2020)
- Investors Count 1
All 3 funding rounds of VNET Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $299M | Post-IPO | – | – | – |
| Jan 2022 | $250M | Post-IPO | – | – | |
| Jun 2020 | $150M | Post-IPO | – | – |
1 investors in total: 1 institutional.
Investors in VNET Group
VNET Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States |
Investor details for VNET Group
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People of VNET Group
1 people are tracked at VNET Group (1 in leadership); the tracked headcount is 2,580.
| Name | Role | Group |
|---|---|---|
Samuel Shen | CEO | Leadership |
Complete people profiles for VNET Group
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IPO & Listings of VNET Group
VNET Group is a publicly listed company on the NASDAQ with ticker symbol VNET in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 Apr 2011
- Listed onNASDAQ: VNET
- Listed entityVNET Group, Inc. Sponsored ADR
- Exchange sectorTechnology services
- ISINUS90138A1034
- Share price$5.26 (-1.13% on the day) · 2026-10-13
- Market capitalisation$1.50B
- EPS (diluted, trailing year)$-1.26
- Volume (last session)3,619,137
Financials of VNET Group
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.38B | -$35.7M | $495.0M |
| 2024 | $1.15B | $23.4M | $361.8M |
| 2023 | $1.05B | -$373.2M | $219.1M |
| 2022 | $1.05B | -$115.2M | $244.5M |
| 2021 | $959.8M | $77.5M | $215.5M |
Detailed financial statements for VNET Group
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Investments & Acquisitions by VNET Group
VNET Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Beijing Fastweb Technology and DYXnet.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of cloud network security and enterprise IT solutions | dyxnet.com | Kowloon, China | 1999 | Aug 2014 | •••• | |
CDN services are delivered across Asia-Pacific, Europe, and America. | fastweb.com.cn | Beijing, China | 2006 | Sep 2012 | $20M |
Complete acquisition details for VNET Group
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Timeline of VNET Group
6 dated milestones of VNET Group across 27 years, from founding to its latest funding, stage changes and deals.
- Founded VNET Group is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Beijing Fastweb Technology.
- Acquisition Acquires DYXnet.
- Funding First funding round of $150.0M.
- Funding Latest funding round, Post-IPO, of $299.0M.
Web traffic of VNET Group
The website of VNET Group (vnet.com) receives about 59.2K visits a month.
- Monthly visits59.2K
▲ 63.7% vs previous month
Websites whose visitors overlap most with VNET Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
azure.cn | azure.cn | 100% | #95,234 | – | |
| github.com | 90% | 542.6M | #65 | View details | |
| 21vbluecloud.com | 71% | #1,964,769 | View details | ||
| baidu.com | 57% | 1.9B | #17 | View details | |
| google.com | 54% | 85.8B | #1 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for VNET Group
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Related news about Vnet Group
Complete news archive for VNET Group
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Frequently Asked Questions about VNET Group
VNET Group was founded in 1996 and raised its 1st funding round 24 years after it was founded.
VNET Group is headquartered in Beijing, China.
Samuel Shen is the CEO of VNET Group, as recorded in our data.
VNET Group has 2,580 employees.
Annual revenue of VNET Group is $1.38B as on Dec 31, 2025.
VNET Group was founded in 1996 and is headquartered in Beijing, China. Data center services are offered by the company, focusing on cloud infrastructure and hosting solutions within the information technology sector. Operations are managed across multiple facilities in China, supporting enterprise clients with colocation, connectivity, and managed services. Leadership is provided by CEO Samuel Shen, overseeing expansion in digital infrastructure.
Yes, VNET Group is publicly traded on NASDAQ under the ticker symbol VNET.
VNET Group has made 2 acquisitions, including Beijing Fastweb Technology, and DYXnet.
VNET Group has 1 investor. Key investors include Blackstone.