VNET Group Management

Management criteria checks 2/4

VNET Group's CEO is Josh Chen, appointed in Jan 1999, has a tenure of 25.33 years. directly owns 4.01% of the company’s shares, worth €16.74M. The average tenure of the management team and the board of directors is 4.2 years and 9 years respectively.

Key information

Josh Chen

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	25.3yrs
CEO ownership	4.0%
Management average tenure	4.2yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO

Josh Chen (54 yo)

25.3yrs

Tenure

Mr. Sheng Chen, also known as Josh, is a Co-Founder of VNET Group, Inc. (formerly known as 21Vianet Group, Inc.) and had been its Executive Chairman since 1999 until January 10, 2024 and serves as Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sheng Chen	Co-Founder	25.3yrs	no data	4.01% CN¥ 16.7m
Jianbiao Zhu	Executive Co-Chairman	less than a year	no data	no data
Qiyu Wang	Chief Financial Officer	less than a year	no data	no data
Xinyuan Liu	Director of Investor Relations	no data	no data	no data
Wing-Dar Ker	Senior Vice President	4.3yrs	no data	no data
Shiqi Wang	Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Business Group	3.3yrs	no data	no data
Chenggang Shen	Senior VP and GM of East & South China Business	4.3yrs	no data	no data
Liang Zhao	Senior VP and GM of North China Business	4.4yrs	no data	no data
Qihang Liu	Senior VP & CEO of VNET Blue Cloud	4.2yrs	no data	no data

4.2yrs

Average Tenure

48yo

Average Age

Experienced Management: 217A's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sheng Chen	Co-Founder	25.3yrs	no data	4.01% CN¥ 16.7m
Jianbiao Zhu	Executive Co-Chairman	less than a year	no data	no data
Yoshihisa Ueno	Independent Director	13.6yrs	no data	0% CN¥ 0
Chung-Hou Tai	Independent Director	11.6yrs	no data	no data
Sean S. Shao	Independent Director	8.8yrs	no data	no data
Changqing Ye	Independent Director	1.8yrs	no data	no data
Erhfei Liu	Independent Director	9yrs	no data	no data

9.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 217A's board of directors are considered experienced (9 years average tenure).

VNET Group Management

Management criteria checks 2/4

Key information

Recent management updates

VNET Group, Inc. Announces CEO Changes

VNET Group, Inc. Announces Board Appointments

VNET Group, Inc. Announces Executive Changes

VNET Group, Inc. Announces Resignation of Samuel Yuan-Ching Shen as Executive Chairman of Retail IDC Business Group

Vnet Group, Inc. Announces Resignation of Yao Li as a Member of the Board of Directors and Member of the Compensation Committee of the Board

VNET Group, Inc. Announces Board Changes

Recent updates

VNET Group, Inc. Announces CEO Changes

Full year 2023 earnings released: CN¥17.60 loss per share (vs CN¥5.25 loss in FY 2022)

VNET Group, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2023

VNET Group, Inc. to Report Q4, 2023 Results on Mar 27, 2024

VNET Group, Inc. Announces Board Appointments

New major risk - Shareholder dilution

New major risk - Shareholder dilution

VNET Group, Inc. announced that it has received $299.000001 million in funding from Success Flow International Investment Limited, Choice Faith Group Holdings Limited

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against VNET Group, Inc

VNET Group, Inc. announced that it has received $299.000001 million in funding from Success Flow International Investment Limited, Choice Faith Group Holdings Limited

New minor risk - Shareholder dilution

New minor risk - Profitability

VNET Group, Inc. announced that it expects to receive $299.000001 million in funding from Success Flow International Investment Limited, Choice Faith Group Holdings Limited

New minor risk - Shareholder dilution

Third quarter 2023 earnings released

VNET Group, Inc. Provides Earnings Guidance for the Full Year of 2023

VNET Group, Inc. to Report Q3, 2023 Results on Nov 15, 2023

New major risk - Share price stability

VNET Group, Inc. Provides Earnings Guidance for the Full Year of 2023

Second quarter 2023 earnings released: CN¥1.57 loss per share (vs CN¥2.55 loss in 2Q 2022)

VNET Group, Inc. to Report Q2, 2023 Results on Aug 23, 2023

VNET Group, Inc. Announces Executive Changes

VNET Group, Inc. Provides Earnings Guidance for the Full Year of 2023

First quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥0.61 in 1Q 2022)

VNET Group, Inc. to Report Q1, 2023 Results on May 24, 2023

Full year 2022 earnings released: CN¥5.25 loss per share (vs CN¥3.43 profit in FY 2021)

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: CN¥2.87 loss per share (vs CN¥1.09 profit in 3Q 2021)

VNET Group, Inc. Provides Earnings Guidance for the Full Year of 2022

VNET Group, Inc. to Report Q3, 2022 Results on Nov 22, 2022

CDH and PAG Reportedly Mulls Bid for VNET

VNET Group, Inc. Announces Resignation of Samuel Yuan-Ching Shen as Executive Chairman of Retail IDC Business Group

Josh Sheng Chen enter into preliminary non-binding proposal letter to acquire VNET Group, Inc. (NasdaqGS:VNET) in a management buyout transaction for $1.2 billion.

Second quarter 2022 earnings released

VNET Group, Inc. Provides Earnings Guidance for the Full Year 2022

Vnet Group, Inc. Announces Resignation of Yao Li as a Member of the Board of Directors and Member of the Compensation Committee of the Board

VNET Group, Inc. to Report Q2, 2022 Results on Aug 30, 2022

VNET Group, Inc. Announces Board Changes

Investor sentiment improved over the past week

VNET Group, Inc. Reaffirms Earnings Guidance for the Full Year 2022

VNET Group, Inc. Reaffirms Earnings Guidance for the Full Year 2022

VNET Group, Inc. to Report Q1, 2022 Results on May 24, 2022

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: CN¥3.43 (vs CN¥26.81 loss in FY 2020)

Insufficient new directors

The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch proposed to acquire VNET Group, Inc. (NasdaqGS:VNET) for $1.2 billion.

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS: CN¥3.47 (vs CN¥26.81 loss in FY 2020)

VNET Group, Inc. Announces Impairment of Long-Lived Assets for the Fourth Quarter Ended December 31, 2021

VNET Group, Inc. Provides Earnings Guidance for the Full Year of 2022

No longer forecast to breakeven

Second quarter 2021 earnings released: EPS CN¥3.10 (vs CN¥19.27 loss in 2Q 2020)

COO & CEO of Retail IDC Business Group Chunfeng Cai has left the company

Forecast to breakeven in 2021

21Vianet Group, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2021

Second quarter 2021 earnings released

First quarter 2021 earnings released

21Vianet Group, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2021

Full year 2020 earnings released: CN¥26.81 loss per share (vs CN¥1.64 loss in FY 2019)

Director has left the company

Full year 2020 earnings released: CN¥26.62 loss per share (vs CN¥1.64 loss in FY 2019)

21Vianet Group, Inc. (NasdaqGS:VNET) announces an Equity Buyback for 48,634,493 shares, for $260 million.

21Vianet Group, Inc. to Report Q4, 2020 Results on Mar 23, 2021

New 90-day high: €35.80

New 90-day high: €33.80

Revenue beats expectations

Third quarter 2020 earnings released: EPS CN¥0.71

21Vianet Group, Inc. (NasdaqGS:VNET) acquired Langfang Huahai Innovation & Technology Co., Ltd. for CNY 59.5 million.

New 90-day high: €27.60