VNET Group, a leading carrier- and cloud-neutral internet data centre services provider in China, announced that it has entered into a strategic cooperation agreement with Shandong Hi-Speed Holdings Group Limited, an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group.
Pursuant to the Agreement, SDHG and VNET will leverage their respective resources and strengths to develop renewable energy projects in northern China. This partnership aims to jointly build low-carbon, secure and highly-efficient renewable energy system, aligning with the national strategy “East Data, West Computing.” Furthermore, both parties will join hands to build innovative computing power network infrastructures encompassing data centre, cloud computing and big data to promote the low-carbon and high-quality development of IDC services.
“We’re confident of the synergy that SDHG and VNET are going to create through the partnership,” said Mr. Josh Sheng Chen, Founder and Executive Chairman of VNET. “As VNET continues to execute its growth strategy and capitalise on the booming digital economy, the partnership with SDHG will help us to gain a wealth of resources in the infrastructure and renewable energy space. We look forward to 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 across a broader swath of society.”
Jianbiao Zhu, Executive Director of SDHG, commented, “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 work with Josh and the management team, and leverage its domestic and overseas resources to support the ongoing expansion of VNET’s core IDC business to scale up business for a sustainable growth.”