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Why 21Vianet Group, a Chinese Data Center, Is Up 275% So Far in 2020
COVID-19 and China
Image credit: visualhunt/NYCdoitt

21Vianet Group's (VNET:NASDAQ) stock price started at USD 7.5 apiece in 2020. Then the shares lifted by around 62% in February. From March to the first half of June, VNET saw a tumbled curve. After around a month of steep climb, the stock peaked while reaching its historical high at USD 30.44 per share on July 9. Since then, more investors have begun to sell the stock, causing the shares' year-to-date gains to narrow to 175%, as of September 24.

Like many companies in the technology space favored by US investors this year, VNET's stock performance was supported in February when the Cov-19 outbreak led investors to eye more the benefits of remote working and learning. What's more, VNET got USD 150 million investment from Blackstone in June, which drove VNET's second escalating trend.

Compared with the company's major competitors, VNET has brought the best returns this year – 175% as of September 24. By contrast, GDS holdings' (GDS:NASDAQ) figure is about 51%, Sinnet's (300383:SZ) generated around 13% gains, while Athub's (603881:SH) is up nearly 92%.

Editor: Luke Sheehan
ANALYST
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