VNET Group, Inc. (VNET) posted a net loss attributable to VNET of RMB 11.9 million, compared with net income of RMB 63.7 million, a year ago, mainly due to the increase in interest expenses and income tax expenses. Loss per share was RMB 0.01 compared to profit of RMB 0.04. Adjusted EBITDA was RMB 732.5 million, an increase of 27.7% from prior year.
Total net revenues in the second quarter were RMB 2.43 billion, an increase of 22.1% from previous year. The company said the year-over-year increase was mainly driven by the continued growth of wholesale IDC business.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.