May be VNET went down with all the bad news about China stocks last year.
QIHU had lots of bad news and now it is coming back strong. Perhaps most real and profitable China stocks will comeback strong like QIHU did. VNET should be at $50 if investors give it even half the valuations of EQIX and RAX.
Agreed! People should not assume all the Chinese stocks are fraudulent based on a few small bad seeds. VNET is the biggest cloud player in the country whose cloud technology is still in the beginning stage, there's no reason it wouldn't have BIDU type of run in the near future!
Hopwever, i will not sell my VNET.This is going to $30
Cisco has increased ownership from just under one million shares to about six million shares.They know something we do not know and you all know Chinese Law does not allow takeover.They can only buy as much quantity under Chinese law