VNET partners with SDHG to spur renewable energy in China

VNET Group, a primary carrier and cloud-neutral internet data centre (IDC) provider in China, has announced the signing of a strategic partnership with Shandong Hi-Speed Holdings Group Limited (SDHG), an overseas investment and emerging industrial holding platform of the Shandong Hi-Speed Group.

The partnership will see the two companies combine resources to develop renewable energy initiatives in northern China. The proposed low-carbon, secure, and highly efficient renewable energy system aligns with the national strategy 'East Data, West Computing'.

Furthermore, the partnership will collaboratively work on developing innovative computing power network infrastructures that include data centre, cloud computing, and big data. The primary aim being to promote the low-carbon and high-quality development of IDC services.

Josh Sheng Chen, Founder and Executive Chairman of VNET, expressed confidence in the partnership. He said, "The synergy that SDHG and VNET are going to create through the partnership is quite impressive."

"The partnership with SDHG will help us gain a wealth of resources in the infrastructure and renewable energy space as VNET continues to execute its growth strategy. We are optimistic about collaborating with SDHG in a variety of green energy initiatives to advance toward our carbon neutrality targets and meet surging demand for supercomputing and digital transformation."

Jianbiao Zhu, Executive Director of SDHG, echoed Sheng Chen's sentiments. He stated, "We are excited to explore more synergies with VNET to capture the evolving demand driven by AI, leveraging our strength in traditional infrastructure and VNET's capability in new infrastructure backed with its high-power density deployments."

"As VNET's largest strategic investor, SDHG is pleased to support the ongoing expansion of VNET's core IDC business to scale up business for a sustainable growth. We look forward to working with Josh and the management team".

The new partnership is set to leverage both companies' domestic and international resources. VNET's expertise in providing reliable, secure, and rapid internet infrastructure will greatly benefit from SDHG's prowess in infrastructure and renewable energy as both companies set their eyes on a sustainable future.

VNET Group provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone.

VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

As a company listed in HKEX, Shandong Hi-Speed Holdings Group Limited is an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group.

Adhering to the concept of "conduct compliance prudentially, develop steadily and healthily" and leveraging on the unique advantages of Hong Kong international financial center in terms of market, financing, and talents, SDHG states the company is committed to becoming an excellent industrial investment group with a foothold in Hong Kong, an international perspective and connection between domestic and overseas markets for achieving effective integration of resources.