VNET Group, Inc. is a carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.
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The company has not participated in any projects.
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Hong Kong-listed Shandong Hi-Speed Holdings Group has agreed to acquire a 42.1% stake in Chinese data center operator VNet for a cash consideration of US$299 million. Shandong Hi-Speed Holdings Group...
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