VNET Group is trading 10.43% up now at $7.20 after CATL-affiliated buyers completed their previously announced strategic investment on September 21, 2026.
- PJ Millennium I and II acquired 650,424,192 Class A shares from existing shareholders, giving the buyers approximately 38.1% ownership.
- The transaction strengthens strategic investor influence and is the clear company-specific catalyst behind today’s gain.
- Broader technology and risk-on market strength may provide additional support, but the investment closing is the primary driver.