VNET Group stock gains 6.14 percent after stake closes

Published on 10/05/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VNET Group stock was trading at USD 5.45 on October 5, 2026, up 6.14 percent. A 38.1 percent strategic stake and Q2 revenue growth of 14.2 percent define the latest setup.

VNET, US90138A1034, Illustration mit AI erstellt.

VNET Group (ISIN US90138A1034) was trading at USD 5.45 on Nasdaq on October 5, 2026, up 6.14 percent at 1:10 p.m. ET. The key corporate development is a strategic investment that closed on September 21, 2026, with buyers linked to PJ Millennium acquiring 650,424,192 Class A shares, according to PR Newswire.

Strategic stake changes governance

The buyers collectively held 38.1 percent of VNET's outstanding ordinary shares after the transaction, based on 1,708,970,760 shares outstanding on June 30, 2026, PR Newswire reported. The investor rights agreement and voting and consortium agreement became effective at closing, placing the ownership change alongside a formal governance framework.

For investors, the transaction matters because the stake is large enough to influence voting dynamics while VNET continues to expand its data center platform in China. The company describes its business as carrier-neutral and cloud-neutral internet data center services, including hosting, cloud services and business VPN services.

Q2 revenue grows 14.2 percent

VNET reported Q2 2026 total net revenue of RMB 2.78 billion, up 14.2 percent from the same period a year earlier, according to TradingView. Wholesale revenue rose 29.3 percent to RMB 1.10 billion, making that segment the clearest quantified growth driver in the period.

Adjusted EBITDA increased 25.4 percent year over year to RMB 920 million, while the adjusted EBITDA margin reached 33.0 percent, up 3.0 percentage points, TradingView reported. Adjusted net income reached RMB 7.38 million, giving the growth figures a profitability measure as well as a sales measure.

Consensus target stays above price

MarketBeat reported on September 28, 2026, that six research firms covering VNET carried a Moderate Buy consensus: four Buy ratings, one Hold and one Sell, with an average 12-month target of USD 16.90, according to MarketBeat. That average target lies 210.1 percent above the USD 5.45 price, a wide gap that places execution and profitability alongside ownership as the central variables.

Nasdaq quote remains above yearly low

VNET was trading at USD 5.45 on Nasdaq on October 5, 2026 at 1:10 p.m. ET, up 6.14 percent, with a 52-week range of USD 5.10 to USD 14.48. Its USD 1.5 billion market capitalization and 3,316,101-share volume give the session a clear market context.