21Vianet Group (VNET)

TheStreet.com  7 hrs ago  Comment 
NEW YORK (TheStreet) --a21Vianet was gaining 8.7% to $21.61 Monday after CEO Josh Chen sent a letter to shareholdersaregarding claims that the company is a Ponzi scheme. The letter from the CEO addressed accusations that the Chinese data center...
StreetInsider.com  11 hrs ago  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/21Vianet+Group+%28VNET%29+CEO+Chen+Sends+Letter+to+Shareholders/9831539.html for the full story.
SeekingAlpha  Sep 15  Comment 
By TrinityResearch: This article published in response to our first report on 21Vianet Group ("VNET") attempted to discredit over 100 exhibits and an attached 77-page appendix with more exhibits that we published. PDF versions of those reports can...
SeekingAlpha  Sep 13  Comment 
By Dustin Moore: A recent scathing research paper regarding 21Vianet Group (NASDAQ:VNET) by a group of researchers has the stock in a whirl. In one day of trading alone the company's market cap was cut in half. But some exhibits and evidence used...
DailyFinance  Sep 13  Comment 
Glancy Binkow & Goldberg LLP announces thata class action lawsuit has been filed in the United States District Court for the Eastern District of Texas on behalf of a class (the “Class”) comprising purchasers of the...
StreetInsider.com  Sep 12  Comment 
Net Element, Inc. (Nasdaq: NETE) 44.8% HIGHER; regaining composure following a 16.3 percent dip on Thursday. Shares are trading strong back over the $4 level. Conversant, Inc. (Nasdaq: CNVR) 30.0% HIGHER; Alliance Data Systems and Conversant...
TheStreet.com  Sep 12  Comment 
NEW YORK (TheStreet) -- Shares ofa21Vianeta surged 28.61% to $19.96 on Friday to recover its major losses from earlier in the week afteraMorgan Stanleya defended the company's core business despite fraud allegations. The firm reiterated its...
Benzinga  Sep 12  Comment 
21Vianet Group Inc (NASDAQ: VNET) is one of the week's most talked-about stocks, after Trinity Research released a 121-page report claiming it is a fraudulent company. Benzinga combed through the documents and compiled 16 telling quotes about...
TheStreet.com  Sep 11  Comment 
Updated from 10:14 a.m. with closing price information. NEW YORK (TheStreet) --aShares ofa21Vianeta continued to plunge Thursday amid fraud allegations against the Chinese Internet data center services provider. Trinity Research published a...


21Vianet Group (NASDAQ:VNET) is the largest carrier-neutral data center in China in terms of revenues. 21Vianet operates 47 data centers across 33 cities in China. Because the company is carrier neutral its data center are connected to all of the major carriers in China and most data centers are connected with their private fiber optic network. As a data center, 21Vianet makes money by charging its customers a fee to store information on within its data centers.[1]

The continued growth of China's middle class has vastly increased the number of individuals who have access to the Internet. As result, internet penetration, internet consumption, as well as mobile usage have risen dramatically in the country. In addition, enterprises located in China have increasingly shifted to outsourced IT options as well as cloud computing. These trends will continue to drive the demand for 21Vianet's services.[2]

The company's initial public offering of stock on the NASDAQ occurred on April 20, 2011. The company offered 13M ADSs each for $15. This was above the high end of the revised price range of $12-$13. The deal had originally been announced for 11.5M ADSs and at a price of $10-$12. The final deal was $195M, which was $68M greater than what the deal had originally been. The lead underwriters of the deal were Morgan Stanley (MS), Barclays (BCS), and J P Morgan Chase (JPM).[3]

For the full year 2010, 21Vianet announced a total revenue of $79.6M. However the company reported a net loss of $37.5M for 2010.[4]


  1. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Business" pg 1
  2. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2
  3. Renaissance Capital - IPO Home "21Vianet Group prices upsized IPO at $15, well above the initial range" 20 April 2011
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