On May 26, VNET Group rose 8.12% in regular trading, trading at $10.285/share, with trading volume of approximately $92.36 million. The rally was driven by a combination of better-than-expected first-quarter revenue and continued investor enthusiasm surrounding CATL's strategic stake acquisition.

On the earnings front, VNET reported Q1 revenue that exceeded market expectations, building on prior-quarter momentum of 19.62% year-over-year growth. The company's hosting and related services business remains the core revenue driver, with market focus on cabinet deployment rates and facility utilization improvements.

More significantly, Mountain Capital previously announced the sale of its approximately 38.78% stake in VNET to a CATL-affiliated entity for $942 million, with closing expected in Q4. CATL's strategic intent is to integrate its energy storage technology with power-intensive data center operations, building a closed-loop ecosystem spanning batteries, power supply, and computing infrastructure. This partnership is expected to meaningfully reduce electricity costs through peak-shaving and provide VNET with strategic advantages in financing and securing AI data center orders.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)