VNET Group

(NASDAQ: VNET)

Founded in 1996, VNET Group is one of the world's most influential cyberspace infrastructure service providers, and a leading carrier-neutral data center service provider in China.

VNET Group is committed to providing industry-leading one-stop customized data center solutions for hyper-large clients, and building an infrastructure operation platform with core customization advantages, hyper-scale data center operational capability and high added value.
  • 30+Cities
  • 50+Data Centers
  • 4T +Network Port Capacity
  • 332MWWholesale IDC Capacity
  • 52,000+Retail IDC Cabinets

Mission and Vision

VNET Group has been deeply engaged in the data center services for nearly 30 years, consistently striving to " Become a more respected Chinese enterprise in the field of Internet infrastructure." Currently, VNET Group operates over 50 data centers in more than 30 cities across China, with more than 93,000 racks, network port capacity of 4T+, and 1T+ high-speed cloud connect, becoming a new engine for clients' digital transformation.

 

Over the past twenty-five years, VNET Group has adhered to the mission of "creating a More open and innovative next-generation Internet infrastructure." In regions such as Jing-Jin-Ji, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area, it has built hyper-scale data center industry clusters, constructed standardized and green high-capacity data centers, and formed a stable, huge and full connected digital core base. Relying on abundant resource and capital strength, great capital strength, strong technological innovation ability, efficient delivery ability and excellent operation ability, VNET Group has become a high-quality partner of customized data centers for leading Internet companies.

 

Entering the second twenty-five years entrepreneurial phase, facing the development of the AGI era, VNET Group actively restructures a new type of power system that is green, low-carbon, economically efficient, and flexibly adaptable. By promoting the four-way linkage of "supply-the grid-demand-storage" from the high-load side of data centers, it transforms digital new infrastructure into an important flexible resource for new energy systems. VNET Group takes on a new mission: "to bring green direct-current electricity from data centers to millions of households."

Corporate Culture

  • Customers

    We take the initiative to provide quality services, constantly create value for clients, and achieve win-win results.

  • Commitment
    Commitment is gold. We always keep our promises, do what we can, and dare to make those commitments that are difficult and challenging.
  • Collaboration

    The common goal of collaboration is to help clients achieve success, and achieve the team value of “1+ 1 > 2” through effective collaboration.

  • Innovation

    Eager to surpass, constantly making use of new knowledge and putting forward more effective or distinguished solutions.


Josh Sheng Chen
Founder of VNET Group

Mr. Sheng Chen, also known as Josh Sheng Chen, is one of our co-founders. He has served as the co-chairperson of our Board since January 2024 and as interim CEO since April 2024. Mr. Chen served as the executive chairperson of the board from the company's inception until January 2024. Mr. Chen has been instrumental to the development and success of our business. Mr. Chen provides vision, overall management, and strategic decision-making relating to marketing, investment planning, and corporate development. Mr. Chen has more than 20 years’ experience in the internet infrastructure industry in China and started his entrepreneur career in 1990 when he was a sophomore at Tsinghua University. Mr. Chen founded our business in May 1996 and started the first carrier-neutral data center in China in July 1999. Mr. Chen currently also serves as a director of Cloud Tech Services Limited and Yipu Chain Network (Beijing) Technology Co., Ltd. Mr. Chen received his bachelor’s degree in electrical engineering from Tsinghua University in 1991. Mr. Chen is a member of the Tsinghua Entrepreneur and Executive Club and a managing director of the Internet Society of China.

Qiyu Wang
CFO of VNET Group

Mr. Qiyu Wang has served as our chief financial officer since July 2023. He served as our vice president of finance since April 2022. Prior to joining us, Mr. Wang had over 20 years’ experience in the Chinese telecommunications industry, in charge of business operations, financial management and capital operations. From 2016 to 2021, Mr. Wang served as a vice president of China Telecom Global Limited, overseeing strategic business development and mergers and acquisitions. From 2010 to 2016, he served as the chief financial officer of China Communications Services International Limited. Prior to that, he served as the finance manager at the headquarters of China Telecommunications Corporation Limited. Mr. Wang received his EMBA from Hong Kong University of Science and Technology. 

Gavin Chenggang Shen
Rotating President and General Manager of the IDC Strategic Business Group

Mr. Gavin Chenggang Shen joined VNET in January 2017 and currently serves as our rotating president and general manager of the IDC Strategic Business Group. Mr. Shen has nearly 20 years of business operations management experience in IT strategic planning, cloud computing, and data centers. Prior to joining us, Mr. Shen served as vice president of a large IDC service provider. In addition, he held  senior management positions at several renowned multinational companies, including Samsung Electronics, HP Inc., and Electronic Data Systems Corporation. Mr. Shen also has extensive technical and management experience in the finance, manufacturing, energy, and aviation industries. Mr. Shen received his bachelor’s degree in software engineering from Sichuan University

Ju Ma
Executive Vice President and General Manager of the AIDC Strategic Business Group

Mr. Ju Ma joined VNET in January 2021 and currently serves as the Executive Vice President of VNET Group and General Manager of the AIDC Strategic Business Group. Prior to joining VNET, Mr. Ju Ma served as the General Manager of Zhongshi Ruide from 2018 to 2020. Prior to that, he held various positions including Deputy Chief Engineer at China National Radio, Director of the Academy of Broadcasting Science at the State Administration of Radio, Film, and Television (SARFT), Deputy Director of the Technology Department at SARFT, and Deputy Director of the Xinjiang Radio and Television Bureau. Mr. Ma holds a title of Professor-level Senior Engineer and a Master's degree from Tsinghua University.

Yixiao Huang
Executive Vice President

Mr. Yixiao Huang joined VNET in February 2021 and currently serves as our executive vice president. Prior to joining us, Mr. Huang had over 20 years of experience in China Mobile Communication Group Fujian Co. Ltd, during which he held various managerial positions, including general manager of the Ningde Branch and general manager of the market management and information technology departments, etc. Mr. Huang received his master’s degree in communication and electronic systems from the Nanjing University of Posts and Telecommunications and an EMBA from the Cheung Kong Graduate School of Business.

Wen Teng
Senior Vice President and Chief Executive Officer of Blue Cloud

Mr. Wen Teng joined VNET in May 2024 and currently serves as our senior vice president and chief executive officer of Blue Cloud. Prior to joining us, Mr. Teng was the president of Greater China at Veritas. From 2010 to 2021 he worked for Microsoft China, as vice president of Greater China and general manager of the public sector, leveraging over 30 years of technical expertise and deep understanding of both China and international markets to drive Microsoft’s business development among government, healthcare, education, and large state-owned enterprises. Before joining Microsoft, Mr. Teng worked for large information technology, software, and network infrastructure companies such as Sun Microsystem, Nortel Networks, Lucent, AT&T and SIEMENS. Mr. Teng received his master’s degree in telecommunications science from the University of Colorado.

Qi Yang
Senior Vice President

Mr. Qi Yang joined VNET in May 2024 and currently serves as our senior vice president. Mr. Yang also serves as assistant chief executive officer and head of the Industrial Investment Management Division of Shandong Hi-Speed Holdings Group Limited ("SDHG"), chief executive officer of China Shandong Hi-Speed Capital (HK) Limited, and vice chairman of Shandong Hi-Speed (Shenzhen) Equity Investment Fund Management Limited. since May 2020. Prior to that, Mr. Yang worked for CCB International (Holdings) Limited, as an executive director of the Direct Investment Department of CCB International Asset Management Limited, being responsible for investments in equity and debt projects. He has extensive experience in corporate mergers and acquisitions, asset management and project investment. Mr. Yang received his bachelor’s degree in electrical engineering from the Beijing Institute of Technology, a master's degree in telecommunications from University College London, a master's degree in Business Administration from the University of Illinois, and a master’s degree in financial mathematics from the University of Chicago.


History

    In 2023
    Sanhe Mingtai Data Center won the National Green Data Center Award in 2022
    Selected as one of the “2022 China’s Top 100 Software and IT Service Enterprises in Comprehensive Competitiveness”
    In 2022
    Received $ 250 million of investments from Blackstone
    The Guiyang Gui'an Hyper-Connected Computing Network Project was officially incorporated into the fourth batch of projects supported by China's policy-based and developmental financial instruments
    Partnered with People Data to jointly create “People Cloud” and “People Data Protection” platforms
    The photovoltaic power generation project of BoXing Data Center was successfully connected to the grid
    The No. 1 base of the Yangtze River Delta Data Center Cluster won the 2022 Cloud Computing Center Technology Award
    Sanhe Mingtai Data Center was selected as “Data Center Implementation Model Project in 2021”
    Outstanding Achievements Award for “Innovation Pioneer”
    “East Data West Computing” Carbon Neutrality Pioneer Award
    In 2021
    Cooperated with Shenergy Company Limited to implement the "data center + new energy storage" integrated innovation project, in order to promote an innovation consortium to achieve carbon peak and carbon neutralization ("30•60" decarbonization goal)
    VNET Group was selected as MSCI China All Shares Index
    VNET Group released its new subsidiary brand "NEOLINK"
    VNET Group signed a strategic cooperation agreement with Hangzhou Iron & Steel Group in Beijing
    VNET Group established strategic cooperation with CHINT Group
    VNET's Shanghai Waigaoqiao Data Center passed the M&O certification with a high score for the first time
    Honor
    VNET's Hangzhou Economic Development Zone Data Center won the National Green Data Center Award in 2020
    VNET's Suzhou High-tech Zone Data Center in Anhui Province won the National Green Data Center Award in 2020
    VNET Group won the "Bay Area Digital Transformation Cornerstone Award" of China's IDC industry
    VNET Group won the "2020 Beijing Energy Efficiency Leader (Data Center) - Advanced Technology Award" and "Cloud Computing Center Technology Award (Talent Award)" at the China Data Center Market Annual Conference 2021
    NEOLINK won the "Top Cloud Connect Awards" at the Cloud Connect China 2021
    In 2020
    Became the data center hosting partner of China Everbright Bank's core banking system
    VNET Group got investments from Blackstone and Goldman Sachs, which are top investment institutions in the world
    Microsoft Power Platform, which is operated by VNET Group, was officially applied in commercial areas in China
    VNET Group was listed as “Top 100 Chinese Internet Companies in 2020”
    17 million new ADS were issued, and the accumulative financing amount of the year exceeded US$ 700 million
    VNET Group was authorized as Alibaba Cloud MSP partner
    Honor
    The 4th China Electronic Information Industry Market Feima Award
    VNET Hybrid Cloud solution was certified as Trusted Cloud
    2020 Data Center Science and Technology Achievements Award - Third Prize
    VNET Group was selected as the “Top 50 China Concept Stocks with the Highest Investment Value in 2020” by the China Concept Stocks Investment Value Report 2020
    Award for the Most Influential Data Center New Infrastructure in China in 2020
    Award of Excellent Carrier-neutral Data Center in China’s IDC Industry in 2020
    Shortlisted for the List of National Green Data Centers (2020)
    Award for Excellence Application in CIO Intelligent Selection Education Industry in 2020
    GIDC Best Service Case - Hybrid Cloud Case in 2020
    Top 10 Influential Carrier-neutral Data Center Service Providers in 2020
    In 2019
    Became the preferred strategic partner of APNIC, and jointly promoted the development of digital economy
    The Microsoft Dynamics 365 operated by VNET Group was officially applied in commercial areas in China
    VNET Group was designated as a cloud base provider by Alibaba Group
    VNET Shanghai-Ring Cloud Data Center was established in Taicang City
    VNET Group and Alibaba signed a memorandum of cooperation, with the intention to carry out the phase 2 construction of cloud computing data center in East China
    Honor
    Best IDC Service Provider in 2019
    Award for Outstanding Contributions to Fintech Innovation in 2019 - Development and Innovation Award
    AAA Credit Enterprise in Beijing
    Award of Excellence for Data Center Scientific and Technological Achievements in 2019
    China Fintech Outstanding Solution Award in 2019
    Fintech Outstanding Supplier
    Automotive Digital Transformation Solution Innovation Award in 2019
    Won the Title of “Reform and Innovation - Ecological and Green Development Contribution Organization”

    In 2018
    Cooperated with CAICT (China Academy of Information and Communications Technology) to establish the Joint Laboratory of High-performance Computing and Artificial Intelligence
    Signed cooperation agreements with Huailai County Government and China Fortune Land Development (CFLD)
    Completed the upgrade and transformation of IPv6 network
    Listed as “Top 100 Chinese Internet Companies in 2018”
    Honor
    “Container-Based Automated Delivery Solution” won the Award of Annual Star Product in the O&M Industry
    China Informatization Most Influential Enterprise in 2018
    China Informatization Customer Most Trusted Product in 2018
    Most Influential Enterprise in China's IDC Industry in 2018
    Best Industrial Internet Solution in 2018
    Industrial Internet Innovation Enterprise Award in 2018
    Best Internet Service Delivery Award
    Best Practice Award for Innovative Products in 2018
    Won the title of Top 100 Chinese Solution Providers in 2018
    Most Valuable Enterprise IT Partner Award
    Leading Enterprise in the Field of Internet
    Digital Transformation Excellent CIO/ Enterprise in 2018
    Top 100 Chinese Internet Companies in 2018
    One of the First Batch of Official Members of China Cross-Border Data Telecommunications Industry Alliance
    In 2017
    Launched the “VNET Switch + High Energy Data Center” into the market
    Obtained ISO 50001 energy management system certification
    Beijing M6 Data Center of VNET Group was shortlisted for the List of National Green Data Centers (The First Batch)
    Honor
    Leading Enterprise in China’s IDC Industry in 2017
    Data Center Annual Comprehensive Management Excellence Award in 2017
    Chairman of VNET Group won the title of “Top 10 Leaders in the Integration of Industrialization and Informatization in China”
    Beijing M6 Data Center of VNET Group was granted the award of “Excellent Data Center in China in 2016”
    In 2016
    Obtained investments from TusHoldings
    Released the Hybrid IT Strategy, and reached strategic cooperation with domestic cloud service providers such as Alibaba Cloud, Tencent Cloud, Baidu Cloud, Kingsoft Cloud, JD Cloud, Tongfang Cloud and HNA Cloud
    Honor
    Most Influential Enterprise in China's IDC Industry in 2016
    Innovative Enterprise in China's IDC Industry in 2016
    Preferred Brand of Hybrid Cloud 2016
    Excellent Cloud Service Operator in 2016
    2015-2016 Most Influential Cloud Computing Enterprise • YunFan Award
    2015-2016 Excellent Cloud Computing Solution • YunFan Award
    2015-2016 Outstanding Contributions to Cloud Computing • YunFan Award
    In 2015
    Cooperated with Tsinghua University and jointly established the Energy Research Institute and Internet Industry Research Institute
    Honor
    Innovative Enterprise in China's IDC Industry in 2015
    Most Influential Enterprise in China's IDC Industry in 2015
    2014-2015 Green Data Center Preferred Brand in China
    2014-2015 Outstanding Contribution Organization in Promoting the Development of Cloud Computing Industry
    China Data Center Independent Innovation Products in 2015
    2014-2015 Data Center Outstanding Construction Unit
    2014-2015 Leading Brand in China • Yunding Award
    China Cloud500 Cloud Service Operators in 2015
    2014-2015 Trusted Cloud Office Application Award

    In 2014
    Acquired the VPN business of DYXnet
    VNET’s virtual cloud host, cloud storage and cloud database were certified as the first batch of trusted cloud services in China
    Obtained 4G license in Hong Kong
    Got investments from Xiaomi, Kingsoft and Temasek
    Honor
    Innovative Enterprise in China's IDC Industry in 2014
    Most Influential Enterprise in China's IDC Industry in 2014
    2014 China Data Center Standardization Demonstration Project - Annual Data Center Innovation Award
    China Industry Informatization - Preferred Service Provider in 2014
    China Cloud Service Solution Innovation Award in 2014
    Award of Most Influential Cloud Service in China in 2014
    2014 China IT User Satisfaction Survey - User Preferred Brand for Data Center Construction and O&M Management
    2014 China IT User Satisfaction Survey - Data Center Customer Service No.1
    In 2013
    VNET Blue Cloud was established
    Honor
    2013 Data Center Efficiency Award
    2013 Data Center O&M Award
    2013 China IT User Satisfaction Survey - Data Center Customer Service No.1
    In 2012
    Obtained the ISO27001/ISO20000 certification
    Signed an agreement with Microsoft to operate Microsoft Azure and Office 365 in China
    Included in the NASDAQ Internet Index
    Honor
    Award of Excellent Carrier-neutral Data Center in China’s IDC Industry in 2012
    Award of Excellent Service in China's IDC Industry in 2012
    Most Influential Enterprise in China's IDC Industry in 2012
    In 2011
    Listed on NASDAQ, Stock Code: VNET
    Honor
    Award of Excellent Carrier-neutral Data Center in China’s IDC Industry in 2011
    Award of Excellent Service in China IDC Industry in 2011
    Most Influential Enterprise in China's IDC Industry in 2011
    2011 China IT User Satisfaction 10-Year Achievement Award
    2011 China IT User Satisfaction Survey - Data Center Customer Service No.1
    In 2010
    2010 China Potential Enterprises listed by Forbes
    Award of Excellent Service in China's IDC Industry in 2010
    Most Influential Enterprise in China's IDC Industry in 2010
    Best Innovative Product Cloud Cube Provider in China’s IDC Industry in 2010
    Most Influential Enterprise in China’s Information Industry in 2010
    2010 China IT User Satisfaction Survey - Data Center Customer Service No.1
    In 2009
    2009 China Potential Enterprises listed by Forbes
    Technology Innovation Award in China's IDC Industry in 2009
    Outstanding Contribution Award in China IDC Industry in 2009
    China Internet Public Welfare Enterprise Award in 2009
    2009 China IT User Satisfaction Survey - Data Center Customer Service No.1
    2009 China IT User Satisfaction Survey- China IT Application Excellent Achievement Award
    In 2008
    China IDC Outstanding Contribution Award in 2008
    China IDC High-quality Service Award in 2008
    Became the sole winner of “Most Reliable Carrier-Neutral Green Data Center Service Provider” Award in China
    In 2007
    Best Contribution Award in 2007
    Excellent CDN Platform in 2007
    In 2006
    Best Industry Contribution Award in 2006
    Best Service Award in 2006
    Best Performance Award in 2006
    In 2001
    Obtained the ISO9002 international quality certification
    In 1999
    Established a large-scale advanced carrier-neutral Internet data center
    In 1996
    The company was established
In 2023
Honor
Sanhe Mingtai Data Center won the National Green Data Center Award in 2022
Selected as one of the “2022 China’s Top 100 Software and IT Service Enterprises in Comprehensive Competitiveness”
The World’s Most Influential Cyberspace Infrastructure Service Provider