21Vianet Group, Inc. (VNET) Stock Price & Chart | Trade Now

21Vianet Group Company profile

About VNET Group Inc - ADR

VNET Group Inc, formerly 21Vianet Group Inc, is a carrier-neutral Internet data center services provider. The Company hosts its customers' servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology. The Company provides value-added services, such as content delivery network services, virtual private network services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. The Company also offers container-based data center service. The Company's service offerings include hosting and related services, and managed network services. The Company provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and offers other hosting related value-added services.

Financial summary

BRIEF: For the nine months ended 30 September 2021, VNET Group Inc - ADR revenues increased 28% to RMB4.44B. Net income applicable to common stockholders totaled RMB527.4M vs. loss of RMB2.16B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Changes in the fair value of convertible increase from RMB1.59B (expense) to RMB601.3M (income).