VNET Group Inc
Technology
VNET Group Inc (VNET) Stock News
The latest VNET headlines and market coverage — 2 recent stories, updated throughout the day.
- Benzinga·
VNET Reports Unaudited First Quarter 2026 Financial Results
<p xmlns="http://www.w3.org/1999/xhtml" id="temp_ReleaseStart"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">BEIJING</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 26, 2026</span> /PRNewswire/ -- VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VNET" rel="nofollow">VNET</a>) (&#34;VNET&#34; or the &#34;Company&#34;), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.</p> <p xmlns="http://www.w3.org/1999/xhtml" class="prntal">&#34;We delivered a strong first quarter through effective execution of our dual-core strategy and Hyperscale 2.0 framework,&#34; said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET. &#34;Our wholesale IDC business continued to thrive, securing a total of 517MW of new orders year-to-date 2026, including 510MW from a leading internet customer for our data centers in the Greater Beijing Area. As a pioneer in AIDC, we also advanced the development of high-performance, large-scale, green data center clusters, a segment where surging demand is increasingly constrained by limited resource availability. Moreover, we further strengthened our shareholder base by welcoming the affiliates of Contemporary Amperex Technology Co., Limited (&#34;CATL&#34;) as strategic investors. At the same time, we would like to thank Shandong Hi-Speed Holdings Group Limited for their continued trust and support over the years. Looking ahead, our strategic alignment with CATL will unlock meaningful synergies across technology and
- Benzinga·
What's Going On With VNET Stock On Wednesday?
VNET Group shares surged 28.44% on Wednesday following news that PJ Millennium I and II Limited agreed to acquire nearly 650 million shares at $1.44 per share ($8.69 per ADS), giving them approximately 38.1% ownership. The deal is expected to close in Q4 2026 pending shareholder approval. Despite positive company-specific news, broader markets showed mixed performance with the Russell 2000 down 0.33% and S&P 500 up 0.04%.