US Stock Market Move | VNET Group, Inc. Sponsored ADR (VNET.US) rises more than 8%, stock buyback amount up to 50 million US dollars.

On Friday, VNET Group, Inc. Sponsored ADR (VNET.US) rose more than 8%, reaching $6.39 per share. Regarding news, VNET Group, Inc. Sponsored ADR announced its authorization to repurchase up to $50 million worth of shares. In addition, on June 24th, VNET Group, Inc. Sponsored ADR announced plans to build a total of 10GW Hyperscale 2.0 mega-scale data center clusters over the next 10 years. This plan aims to create an open ecological platform for AInew power systems that will supply 100 billion kWh of green electricity annually, through innovative electrical power systems and blockchain-driven electron trading system, to promote the coordinated development of green computing and energy.