Shandong Hi-Speed Holdings Group Ltd. (SDHG), a strategic investor in VNET Group, Inc., saw its market capitalization exceed HK$100 billion for the first time on July 11, 2025, and remained steadily above this mark. This achievement is attributed to SDHG's leadership in Electricity-Computing Integration and AI-ready infrastructure, a strategy that involves its investment in VNET.
SDHG made a strategic investment of US$299 million in VNET Group Inc. in 2023, recognizing VNET's role in providing data center services to hyperscale customers. A flagship project, the Ulanqab Source-Grid-Load-Storage Integration Project in Inner Mongolia, is being developed by SDHG to supply approximately 860 million kWh of electricity annually. A significant portion of this power is intended for VNET’s 150MW computing centers in Ulanqab.
This synergy between SDHG's green energy generation and VNET's computing power centers underscores the strategic importance of their partnership. The Ulanqab project, by enabling direct electricity trading and creating a self-contained green ecosystem, provides VNET with renewable, cost-efficient power, enhancing its operational sustainability and competitive advantage in the data center market.
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