Stock Track | VNET Group Soars 9.25% in Pre-Market on Reaffirmed Revenue Outlook and Strategic Partnership Deal

Stock Track

06/02

VNET Group's stock price surged 9.25% during pre-market trading on Tuesday, marking a significant upward movement for the data center services provider.

The sharp rise follows the company's reaffirmation of its full-year 2026 revenue guidance of RMB 11.50 billion to RMB 11.80 billion, implying mid- to high-teens year-over-year growth. Despite reporting a wider net loss of CNY 531.84 million for the first quarter, investors responded positively to management's confidence in sustained AI-driven data center demand.

Additionally, the stock movement coincides with news of a planned strategic partnership, where PJ Millennium Limited Partnership intends to acquire a 38.08% stake in VNET Group for approximately US$942.2 million, providing a substantial capital infusion and vote of confidence in the company's growth narrative.

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