VNET closes 38.1 percent stake deal while VNET stock sits at USD 1.1 billion value

Published on 10/20/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buyers took 650,424,192 Class A shares on September 21, 2026. VNET stock costs EUR 3.52 on October 20, 2026, while market value is USD 1.1 billion.

Ownership changes and operating results

Buyers acquired 650,424,192 Class A shares on September 21, 2026.
Second-quarter 2026 revenue rose 14.2 percent to RMB 2.78 billion.
VNET Group stock trades at EUR 3.52 at 1:37 p.m. CEST at Lang & Schwarz on October 20, 2026.

VNET, US90138A1034, Illustration mit AI erstellt.

VNET Group (US90138A1034) closed a strategic investment in which buyers acquired 650,424,192 Class A shares, giving them 38.1 percent of the company. The transaction was announced on September 21, 2026, by PR Newswire.

Three dates define the deal

On May 13, 2026, VNET announced the strategic investment involving 650,424,192 shares, according to StockTitan. On August 18, 2026, VNET reported its unaudited second-quarter results, a release date listed on the company's VNET Group investor-relations page. On September 21, 2026, the share purchase closed and the buyers' ownership reached 38.1 percent.

What does the stake mean for control?

The transaction gave the buyers a large voting position and made investor-rights and voting agreements effective. The closing was based on 1,708,970,760 ordinary shares outstanding as of June 30, 2026, while VNET operates data-center, cloud and business VPN services in China.

The operating picture is mixed. In the second quarter of 2026, revenue reached RMB 2.78 billion, up 14.2 percent from RMB 2.43 billion a year earlier, while adjusted EBITDA increased 25.4 percent, according to Morningstar. The same report said 2026 guidance called for revenue growth of 15.6 percent to 18.6 percent and adjusted EBITDA growth of 19.2 percent to 25.9 percent.

Profitability remains the key counterweight to the revenue expansion. Yahoo Finance reported that second-quarter net income stayed negative and that net margin fell from 0.5 percent to 5.2 percent. For investors, the central test is whether new data-center capacity can convert 14.2 percent revenue growth into sustainable earnings.

VNET stock stays near its yearly low

VNET Group's market capitalization was USD 1.1 billion on October 19, 2026. The Nasdaq-listed company had a 52-week range of USD 3.87 to USD 14.48 on October 16, 2026, according to MetaCap. The euro quotation places the German-market reference below that primary-exchange range comparison because the currencies differ.

VNET Group stock was trading at EUR 3.52 at Lang & Schwarz on October 20, 2026, at 1:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of VNET Group stock.