VNET Group Finalizes 38.10% Strategic Investment by PJ Millennium

Key Facts

1VNET Group closed a strategic investment where PJ Millennium buyers acquired a 38.10% stake.

2The company's wholesale revenue increased by 29.30% in the second quarter of 2026.

3VNET stock gained 1.86% following the announcement of the deal closure and strong financial results.

VNET Group closed a strategic investment deal where PJ Millennium buyers acquired a 38.10% stake in the company's outstanding ordinary shares. AD HOC NEWS reported that the buyers finalized the acquisition of 650,424,192 Class A shares, establishing the investor group as a central participant in corporate decisions.

The deal closure coincided with strong financial performance, as wholesale revenue increased by 29.30% in the second quarter of 2026. According to AD HOC NEWS, VNET stock gained 1.86% following the announcement, while the company's market capitalization stood at $1.5 billion as of October 5, 2026.