Stock Track | VNET Group Soars 28.76% in Pre-market on Alibaba's Increased Capital Expenditure

Stock Track

02-20

VNET Group, a leading data center operator in China, witnessed a significant pre-market surge of 28.76% on Thursday, following the release of Alibaba's quarterly financial report.

Alibaba, the e-commerce giant and a key customer of VNET Group, reported a substantial increase of 80% in its capital expenditure, reaching 31.8 billion yuan ($4.6 billion) compared to the previous quarter. This surge in capital spending is seen as a positive indicator for VNET Group and its peer GDS Holdings, as they are major partners in providing data center services to Alibaba.

The news of Alibaba's heightened investment in infrastructure and data centers has fueled investor optimism, with VNET Group's stock experiencing a significant pre-market rally. Analysts anticipate that Alibaba's increased capital expenditure could translate into an influx of new business opportunities and improved revenue growth for data center operators like VNET Group.

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Analysts anticipate that Alibaba's increased capital expenditure could translate into an influx of new business opportunities and improved revenue growth for data center operators like VNET Group.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VNET","symbol_name":"世纪互联","start_time":0,"source_url":"","article_id":"1192590575","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192590575","pubTimestamp":1740057392,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"VNET Group, a leading data center operator in China, witnessed a significant pre-market surge of 28.76% on Thursday, following the release of Alibaba's quarterly financial report.Alibaba, the e-commerce giant and a key customer of VNET Group, reported a substantial increase of 80% in its capital expenditure, reaching 31.8 billion yuan  compared to the previous quarter. 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