VNET Stock - 21Vianet Group Inc.

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VNET Profile

VNET Group, Inc., a Beijing-based investment holding company, specializes in providing comprehensive hosting and related services across China's burgeoning digital landscape. The company's core offerings include managed hosting solutions tailored to meet diverse customer needs. These encompass managed retail services featuring colocation options that allocate dedicated data center space for housing servers and networking equipment. Clients can opt to lease partial or entire cabinets, benefiting from robust server administration, interconnectivity services, and value-added solutions such as hybrid IT, bare metal deployments, firewall protection, server load balancing, data backup and recovery, and comprehensive data center management.

Moreover, VNET Group offers cloud services designed to enable clients to deploy applications seamlessly over the internet using flexible IT infrastructure. The company also provides VPN services to extend private networks through secure connections over the public internet, ensuring enhanced data security and accessibility. Complementing these offerings are critical operational support services, including operating system maintenance, server monitoring, security assessments, firewall management, and disaster recovery planning.

Beyond its service portfolio, VNET Group engages in site selection, planning, design, and construction services for wholesale and retail data centers, further solidifying its role in infrastructure development. The company caters to a diverse clientele spanning various sectors, including information technology, cloud services, communications, gaming, e-commerce, financial services, and automotive industries. Its customer base includes government agencies, telecommunication carriers, and both blue-chip corporations and small-to-mid-sized enterprises.

Founded in 1999 and previously known as 21Vianet Group, Inc., VNET Group, Inc. rebranded in October 2021 to reflect its expanded scope and strategic direction in the evolving digital economy. Operating 40 self-built data centers and partnering with 64 data centers, the company manages a substantial network comprising 78,540 cabinets as of December 31, 2021, underscoring its extensive footprint in China's dynamic hosting and data management sector.

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