VNET Group, Inc., formerly 21Vianet Group, Inc., is a carrier-neutral data center operator in China, listed on Nasdaq under the ticker VNET. Founder Sheng Chen serves as executive chairperson and interim chief executive. Headquartered in Beijing, the company operates over 50 data centers in more than 30 Chinese cities, with wholesale campuses in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Greater Bay Area regions alongside a retail colocation business. Through its partnership with Microsoft, it operates Microsoft Azure, Microsoft 365, Dynamics 365, and Power Platform in China.
March 24, 2023 Beijing
A company planning to construct a 3,200-rack data center in Huaili County, China, has been purchased by Chinese cloud provider CapitalOnline Data Service. This week, the company bought Huailai Wisdom Cloud Port Technology's entire equity stake. The company just recently received authorization...
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October 03, 2022 Shanghai
Chayora, a Hong Kong-based data center operator, has announced that it has completed the construction of its first data center on its new Shanghai campus in China. The company first announced the campus back in November 2021, and in partnership with EdgeConneX, Edge will offer computing services...
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September 21, 2022 VNET Group
The founder of Vnet, Josh Sheng Chen, has offered to acquire the data center company. According to reports from the Chinese data center firm, a non-binding proposal has been received from Josh Sheng Chen. The proposal is to acquire all of Vnet’s outstanding ordinary shares. He proposed $8.20 in...
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July 29, 2022 VNET Group
According to Bloomberg, Private equity company MBK Partners is mulling over the acquisition of China’s Vnet. Vnet Group Inc., formerly known as 21Vianet, is a Chinese data center firm. MBK is in discussions with a partner over a joint offer for Vnet. Vnet had been an acquisition target for many...
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April 13, 2022 VNET Group
Vnet, formerly known as 21Vianet has received unsolicited acquisition offers from two Chinese investment firms. Industrial Bank Co. ltd and Hina Group are looking to acquire the Chinese data center firm. The offer tabled is US$8 in cash per American depositary share. The offer can also be...
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February 01, 2022 VNET Group
Chinese data center firm Vnet has announced that Blackstone has invested $250 million in the firm. Blackstone bought $250 million worth of convertible notes in Vnet. According to Vnet, it will be using the funds to develop and expand in China. The founder and executive Chairman of Vnet, Josh...
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