|Bid||0.00 x 1200|
|Ask||10.10 x 1000|
|Day's Range||9.71 - 10.04|
|52 Week Range||6.31 - 11.25|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||12.69|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of 21Vianet Group, Inc. Hong Kong, January 23, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of 21Vianet Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
(Bloomberg) -- Greenpeace, calling attention to the Chinese technology sector’s ballooning energy consumption, has ranked the country’s best and worst environmental citizens for the first time. The winner by a long margin turns out to be ChinData Group, a little-known unicorn-in-waiting backed by Bain Capital that outdoes far bigger names Alibaba and Tencent.Ranking 15 of China’s biggest internet companies for the first time, Greenpeace found the majority lacking in areas such as transparency -- by way of public disclosure of their energy consumption -- and the speed at which they’re moving to renewable energy sources. The research was conducted in partnership with the North China Electric Power University and urges faster adoption of solar and wind power along with commitments to 100% renewable energy consumption.Greenpeace did note progress among many of China’s internet giants, but said they lag global peers. Apple Inc., for one, has pledged to ditch fossil fuels and reduce their usage throughout the supply chain. Tencent Holdings Ltd. was among the best in disclosures of energy usage, though the company hadn’t made much of an advance in switching to renewable sources, the activist group said. Alibaba Group Holding Ltd. scored highest after ChinData but only managed a mark of 60 out of 100, illustrating the enormity of the task ahead. 21Vianet Group Inc., Microsoft Corp.’s cloud provision partner in China, scored a paltry 21.“Power consumption from China’s internet industry is skyrocketing,” said Greenpeace East Asia climate and energy campaigner Ye Ruiqi. “And it’s imperative that Chinese internet giants lead the sector to break away from its reliance on coal.”Around two thirds of China’s power is produced from coal-burning plants, but Beijing wants to drastically reduce that through expanded use of renewable energy. “In the near term, China will still need to rely on coal power to serve for balancing and ensuring grid safety, and Chinese enterprises will continue to find it cheaper to sign power purchase contracts with coal power plants,” said Hanyang Wei, China power market analyst at BloombergNEF. Ranking reports are meaningful because they allow Chinese tech companies to benchmark against foreign counterparts, he added.ChinData became the first domestic datacenter company to commit to a 100% renewable energy target at the end of 2019, according to Greenpeace, which also ranks tech companies globally. It’s also among a group of companies that have begun to strategically locate new data centers near areas of existing and abundant renewable energy generation, such as Hebei, Inner Mongolia and Sichuan province. The company, likely headed for an initial public offering this year, builds and operates massive server warehouses that handle data for internet companies.(Updates with analyst comment in fifth paragraph)To contact the reporter on this story: Vlad Savov in Tokyo at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Is 21Vianet Group Inc (NASDAQ:VNET) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their […]
21Vianet Group, Inc. (VNET) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Is 21Vianet Group Inc (NASDAQ:VNET) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]
Every investor in 21Vianet Group, Inc. (NASDAQ:VNET) should be aware of the most powerful shareholder groups. Insiders...
21Vianet Group (NASDAQ: VNET ) unveils its next round of earnings this Monday, August 19. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Based on 21Vianet ...
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The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
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BEIJING (AP) _ 21Vianet Group Inc. (VNET) on Thursday reported first-quarter net income of $841,000. On a per-share basis, the Beijing-based company said it had profit of 1 cent. The provider of carrier-neutral internet data center services posted revenue of $129.9 million in the period.
21Vianet Group (NASDAQ: VNET ) will be releasing its next round of earnings this Thursday, May 16. For all of the relevant information, here is your guide for the first-quarter earnings announcement. Earnings ...
21Vianet Group, Inc.'s (NASDAQ:VNET): 21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in t...