VNET Group Inc
Technology
VNET Group Inc (VNET) Stock News
The latest VNET headlines and market coverage — 3 recent stories, updated throughout the day.
- GlobeNewswire Inc.·
Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased and/or Otherwise Acquired the American Depositary Shares of VNET Group, Inc. (VNET)
A proposed class action settlement of $5.875 million has been approved by the U.S. District Court for the Southern District of New York on behalf of shareholders who purchased VNET Group, Inc. American Depositary Shares between March 23, 2022 and February 17, 2023. A settlement hearing is scheduled for August 27, 2026, to determine approval of the settlement, plan of allocation, and attorneys' fees.
- 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%.