VNET Group (VNET) saw its stock price surge 6.40% in pre-market trading on Thursday following the announcement of a significant business win. The company has secured a substantial 40MW wholesale order from a leading internet company for its new Gu'an IDC Campus, located in the Greater Beijing Area.

The order, which will be delivered in phases, is set to support the customer's core operations with top-tier IDC services. VNET Group is committed to providing customized solutions that enable the deployment of domestic chips, a key factor for future growth in the IDC sector. The project will also feature advanced liquid cooling solutions to enhance energy efficiency and productivity.

Strategically located in Hebei Province, the Gu'an IDC Campus is positioned to meet the rising AI-driven demand, offering a competitive advantage for both local enterprises and Beijing's internet companies. This significant order underscores VNET Group's strong market position and its ability to attract major clients in China's rapidly growing data center industry, likely contributing to the positive investor sentiment reflected in the pre-market stock movement.