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VNET Group, Inc. (VNET)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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5.85-0.14 (-2.34%)
At close: 04:00PM EDT
5.79 -0.06 (-1.03%)
After hours: 07:08PM EDT
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VNET Group, Inc.

Guanjie Building
Southeast 1st Floor 10# Jiuxianqiao East Road Chaoyang District
Beijing 100016
China
86 10 8456 2121
https://www.21vianet.com

Sector(s)Technology
IndustryInformation Technology Services
Full Time Employees3,221

Key Executives

NameTitlePayExercisedYear Born
Mr. Sheng ChenCo-Founder & Exec. ChairmanN/AN/A1969
Mr. Yuan-Ching ShenCEO & Exec. Chairman of NEOLINKN/AN/A1965
Mr. Tim ChenChief Financial OfficerN/AN/A1975
Xinyuan LiuInvestor Relations OfficerN/AN/AN/A
Mr. Wing-Dar KerSr. VPN/AN/A1961
Mr. Shiqi WangRotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Bus. GroupN/AN/A1977
Mr. Chenggang ShenSr. VP and GM of East & South China Bus.N/AN/A1982
Mr. Liang ZhaoSr. VP and GM of North China Bus.N/AN/A1976
Mr. Qihang LiuSr. VP & CEO of VNET Blue CloudN/AN/A1972
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

VNET Group, Inc., an investment holding company, provides hosting and related services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network. The company's hosting and related services include managed hosting services that offer data center space to house its customers' servers and networking equipment, and provide tailored server administration services; and interconnectivity services that enable customers to connect their servers with internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network. Its hosting and related services also comprise cloud services that enable businesses to run their applications over the internet using its IT infrastructure; virtual private network services; hybrid IT Services, which provide customers with a complete package of infrastructure service offerings; and other value-added services, such as firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. In addition, the company provides traffic charts and analysis, gateway monitoring for servers, domain name system setup, defense mechanism against distributed denial of service attacks, basic setting of switches and routers, and virus protections; and managed network service. As of December 31, 2020, it operated 32 self-built data centers housing 49,876 cabinets and 52 partnered data centers housing with 3,677 cabinets. It has a strategic partnership with Microsoft Corporation. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.

Corporate Governance

VNET Group, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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