VNET Group, Inc. Sponsored ADR (VNET) has released an update.
VNET Group, Inc. has announced its unaudited financial results for Q4 and the full year of 2023, highlighting a solid performance with net revenues reaching RMB1.90 billion for the quarter and RMB7.41 billion for the year. The company reported an overall increase in adjusted EBITDA and a strategic focus on high-quality revenues, despite a net loss attributable to the company. VNET remains focused on leveraging technology for AI-driven demand and aims to enhance digital transformation across various industries.
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