About VNET Group
VNET Group is a company based in Beijing (China) founded in 1996.. The company has 2,580 employees as of December 31, 2024. VNET Group has completed 2 acquisitions, including Beijing Fastweb Technology and DYXnet. VNET Group operates in a competitive market with competitors including UST, NTT DATA, Globant, Genpact and Persistent, among others.
- Headquarter Beijing, China
- Employees 2580 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Vnet Group, Inc. Sponsored Adr
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Annual Revenue
$1.15 B9.68as on Dec 31, 2024
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Net Profit
$23.36 M106.26as on Dec 31, 2024
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EBITDA
$361.75 M65.1as on Dec 31, 2024
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Latest Funding Round
$299 M (USD), Post-IPO
Dec 28, 2023
- Investors
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Employee Count
2580
as on Dec 31, 2024
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Investments & Acquisitions
Beijing Fastweb Technology
& 1 more
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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.
Funding Insights of VNET Group
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $299.0M
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First Round
First Round
(22 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Post-IPO - VNET Group | Valuation |
investors |
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| Jan, 2022 | Amount | Post-IPO - VNET Group | Valuation |
investors |
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| Jun, 2020 | Amount | Post-IPO - VNET Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VNET Group
VNET Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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CDN services are delivered across Asia-Pacific, Europe, and America.
|
2006 | ||||
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Provider of cloud network security and enterprise IT solutions
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VNET Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vnet Group Comparisons
Competitors of VNET Group
VNET Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Globant, Genpact and Persistent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
IT consulting, data analytics, and digital transformation services are provided.
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| domain | founded_year | HQ Location |
Analytics, cybersecurity, and digital transformation services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vnet Group
Frequently Asked Questions about VNET Group
When was VNET Group founded?
VNET Group was founded in 1996 and raised its 1st funding round 24 years after it was founded.
Where is VNET Group located?
VNET Group is headquartered in Beijing, China.
Who is the current CEO of VNET Group?
Samuel Shen is the current CEO of VNET Group.
How many employees does VNET Group have?
As of Dec 31, 2024, the latest employee count at VNET Group is 2,580.
What is the annual revenue of VNET Group?
Annual revenue of VNET Group is $1.15B as on Dec 31, 2024.
What does VNET Group do?
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.
Who are the top competitors of VNET Group?
VNET Group's top competitors include Booz Allen Hamilton, Genpact and Persistent.
Is VNET Group publicly traded?
Yes, VNET Group is publicly traded on NASDAQ under the ticker symbol VNET.
How many acquisitions has VNET Group made?
VNET Group has made 2 acquisitions, including Beijing Fastweb Technology, and DYXnet.
Who are VNET Group's investors?
VNET Group has 1 investor. Key investors include Blackstone.
What is VNET Group's ticker symbol?
The ticker symbol of VNET Group is VNET on NASDAQ.
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