BEIJING, Dec. 28,
2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET)
("VNET" or the "Company"), a leading carrier- and cloud-neutral
internet data center services provider in China, announced that it has entered into a
strategic cooperation agreement (the "Agreement") with Shandong
Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), an important
overseas investment and financing as well as emerging industrial
holding platform of Shandong Hi-Speed Group.
Pursuant to the Agreement, SDHG and VNET will leverage their
respective resources and strengths to develop renewable energy
projects in northern China. This
partnership aims to jointly build low-carbon, secure and
highly-efficient renewable energy system, aligning with the
national strategy "East Data, West Computing." Furthermore, both
parties will join hands to build innovative computing power network
infrastructures encompassing data center, cloud computing and big
data to promote the low-carbon and high-quality development of IDC
services.
"We're confident of the synergy that SDHG and VNET are going to
create through the partnership," said Mr. Josh Sheng Chen, Founder and Executive Chairman
of VNET. "As VNET continues to execute its growth strategy and
capitalize on the booming digital economy, the partnership with
SDHG will help us to gain a wealth of resources in the
infrastructure and renewable energy space. We look forward to
collaborating with SDHG in a variety of green energy initiatives to
advance toward our carbon neutrality targets and meet surging
demand for supercomputing and digital transformation across a
broader swath of society."
Jianbiao Zhu, Executive Director
of SDHG, commented, "We are excited to explore more synergies with
VNET to capture the evolving demand driven by AI, leveraging our
strength in traditional infrastructure and VNET's capability in new
infrastructure backed with its high-power density deployments. As
VNET's largest strategic investor, SDHG is pleased to work with
Josh and the management team, and leverage its domestic and
overseas resources to support the ongoing expansion of VNET's core
IDC business to scale up business for a sustainable growth."
About VNET
VNET Group, Inc. is a leading carrier- and cloud-neutral
internet data center services provider in China. VNET provides hosting and related
services, including IDC services, cloud services, and business VPN
services to improve the reliability, security, and speed of its
customers' internet infrastructure. Customers may locate their
servers and equipment in VNET's data centers and connect to
China's internet backbone. VNET
operates in more than 30 cities throughout China, servicing a diversified and loyal base
of over 7,000 hosting and related enterprise customers that span
numerous industries ranging from internet companies to government
entities and blue-chip enterprises to small- to mid-sized
enterprises.
About Shandong Hi-Speed Holdings Group Limited
As a company listed in HKEX, Shandong Hi-Speed Holdings Group
Limited ("SDHG") is an important overseas investment and financing
as well as emerging industrial holding platform of Shandong
Hi-Speed Group. Adhering to the concept of "conduct compliance
prudentially, develop steadily and healthily" and leveraging on the
unique advantages of Hong Kong
international financial center in terms of market, financing, and
talents, SDHG is committed to becoming an excellent industrial
investment group with a foothold in Hong
Kong, an international perspective and connection between
domestic and overseas markets for achieving effective integration
of resources.
Safe Harbor Statement
This announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"target," "believes," "estimates" and similar statements. Among
other things, VNET's strategic and operational plans contain
forward-looking statements. VNET may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about VNET's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: VNET's goals and strategies; VNET's liquidity
conditions; VNET's expansion plans; the expected growth of the data
center services market; expectations regarding demand for, and
market acceptance of, VNET's services; VNET's expectations
regarding keeping and strengthening its relationships with
customers; VNET's plans to invest in research and development to
enhance its solution and service offerings; and general economic
and business conditions in the regions where VNET provides
solutions and services. Further information regarding these and
other risks is included in VNET's reports filed with, or furnished
to, the U.S. Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and VNET undertakes no duty to update such information,
except as required under applicable law.
Investor Relations Contact:
Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com
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SOURCE VNET Group, Inc.