VNET Group Inc. American Depositary Receipt (VNET)

Profile

https://www.vnet.com

VNET Group Inc. American Depositary Receipt represents shares in VNET Group, Inc., a leading provider of carrier-neutral internet data center services in China. The company delivers comprehensive hosting and related services, including managed hosting with colocation for servers and networking equipment, interconnectivity, and value-added offerings such as hybrid IT, bare metal servers, firewalls, load balancing, data backup, recovery, and management. It also provides cloud services for internet-based applications, VPN extensions for private networks, and server administration including OS support, monitoring, security, and disaster recovery. VNET Group serves diverse sectors like IT and cloud services, communications, social networking, gaming, entertainment, e-commerce, automotive, financial services, government agencies, enterprises, and telecom carriers, partnering with major hyperscalers including Alibaba Cloud, Tencent Cloud, and Huawei Cloud. Operating over 50 data centers across more than 30 cities, it supports digital transformation through wholesale and retail IDC capacities, high-speed network ports, and cloud connectivity. Founded in 1996 and headquartered in Beijing, China, VNET Group plays a key role in China's cyberspace infrastructure market.