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    • 9:30PM ET on Thursday Nov 28, 2024 by PR Newswire
      Companies Mentioned: VNET

      VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has executed a definitive agreement (the "Agreement") with Dajia Investment Holding Company Ltd. ("Dajia"), a wholly owned subsidiary of Dajia Insurance Groupunder which both parties will jointly form a pre-REITs fund (the "Fund") to invest in hyperscale data centers in mainland China. This initiative marks a significant milestone for China's data center sector, reflecting the growing trend among domestic institutional investors to channel investments into new infrastructure projects in mainland China.

    • 9:30PM ET on Thursday Nov 28, 2024 by Dow Jones
      Companies Mentioned: VNET

      VNET and Dajia Investment Ink Definitive Agreement on a Pre-REITs Fund

      PR Newswire

      BEIJING, Nov. 28, 2024

      BEIJING, Nov. 28, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has executed a definitive agreement (the "Agreement") with Dajia Investment Holding Company Ltd. ("Dajia"), a wholly owned subsidiary of Dajia Insurance Group under which both parties will jointly form a pre-REITs fund (the "Fund") to invest in hyperscale data centers in mainland China. This initiative marks a significant milestone for China's data center sector, reflecting the growing trend among domestic institutional investors to channel investments into new infrastructure projects in mainland China.

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