We advised VNET Group on the transaction

Davis Polk advised VNET Group, Inc. in connection with its Regulation S offering of $430 million of 2.50% convertible senior notes due 2030.

VNET Group, Inc. is a leading carrier and cloud-neutral internet data center services provider in China. VNET 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 7,500 hosting and related enterprise customers including internet companies, government entities, blue-chip enterprises, and small to midsized enterprises.

The Davis Polk corporate team included partners James C. Lin and Yan Zhang, counsel Bingqing Pan and registered foreign lawyers Xin (Sheen) Xu and Sean Su. Counsel Yixuan Long and associate Tyler Scheiner provided tax advice. Members of the Davis Polk team are based in the Hong Kong and New York offices.

 

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