10 Best Performing Chinese Stocks So Far in 2025

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1. VNET Group, Inc. (NASDAQ:VNET)

No. of Hedge Fund Holders: 26

YTD Returns: 159.76%

VNET Group, Inc. (NASDAQ:VNET) is one of the leading Chinese data companies. It is principally engaged in providing carrier-neutral and cloud-neutral data center services. The company’s offerings include managed hosting services, cloud services, and virtual private network (VPN) services. VNET stock is skyrocketing due to the booming AI industry in China.

VNET Group, Inc. (NASDAQ:VNET) is improving its financial performance, generating a net income of 317.63 million yuan in Q3 2024, compared to a loss from a year ago. The company has also increased full-year 2024 guidance and expects to generate net revenues between 8 billion yuan to 8.1 billion yuan, a rise of 7.9% to 9.3% year-over-year. The company projects its adjusted EBITDA to be in the range of 2.28 billion yuan to 2.3 billion yuan, representing a year-over-year rise of 16.4% to 17.4%. The increased outlook is driven by faster-than-expected move-ins from VNET’s core customers, while wholesale projects are accelerating the growth of the wholesale internet data center (IDC) business, along with the company’s retail business’ steady progress.

While we acknowledge the potential of VNET to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VNET but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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