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China’s VNET reports 16% revenue increase

At the end of the third quarter, the Blackstone-backed operator has 82,660 cabinets, up from 65,264 as of September 30, 2021.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 23, 2022 | 12:48 AM GMT

Chinese data centre operator VNET Group, Inc. (Nasdaq: VNET) has reported a net revenue increase of 16.3% for the third quarter of 2022 to RMB1.81 billion (US$255.0 million) from RMB1.56 billion in the same period of 2021.

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João Marques Lima

Founder and Editor, The Tech Capital

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