David Chen Biography and Net Worth

Director of VNET Group

Mr. David Lifeng Chen has served as our Director since July 2024. Mr. Chen is a seasoned tech entrepreneur, executive, and venture capitalist with extensive operational and industrial expertise in both the U.S. and China. Since 2017, he has been serving as an. Operating Partner for the Hongshan CBC Cross-border Digital Fund, a specialized fund dedicated to assisting global technology companies in entering or restructuring their operations in China. He has also been serving on the boards of GitLab China JV since 2021 and Atos China JV since 2018, respectively. From 2001 to 2012, Mr. Chen was the Co-Founder, Vice Chairman and President of VanceInfo, which later merged with HiSoft to form Pactera. Pactera was recognized by IDC as the largest banking IT services and solutions provider in China and was ranked among the global top 100 FinTech companies in 2020. Mr. Chen began his career in Silicon Valley, holding multiple management and technical positions at Asera, IBM Crossworlds, KPMG Consulting, and Oracle from 1995 to 2001. He holds a bachelor's degree in electrical engineering from Tongji University and a master's degree in computer engineering from the University of California, Irvine.

What is David Lifeng Chen's net worth?: The estimated net worth of David Lifeng Chen is at least $3.07 million as of March 23rd, 2026. Mr. Chen owns 334,164 shares of VNET Group stock worth more than $3,069,296 as of March 25th. This net worth approximation does not reflect any other investments that Mr. Chen may own. Learn More about David Lifeng Chen's net worth.
How do I contact David Lifeng Chen?: The corporate mailing address for Mr. Chen and other VNET Group executives is Guanjie Building Southeast 1st Floor 10# Jiuxianqiao East Road, Beijing F4, 100016. VNET Group can also be reached via phone at 861084562121. Learn More on David Lifeng Chen's contact information.
Has David Lifeng Chen been buying or selling shares of VNET Group?: Within the last three months, David Lifeng Chen has sold $126,151.44 in shares of VNET Group stock. Most recently, David Lifeng Chen sold 83,544 shares of the business's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $1.51, for a transaction totalling $126,151.44. Following the completion of the sale, the director now directly owns 334,164 shares of the company's stock, valued at $504,587.64. Learn More on David Lifeng Chen's trading history.
Are insiders buying or selling shares of VNET Group?: In the last year, insiders at the information technology services provider sold shares 1 times. They sold a total of 83,544 shares worth more than $126,151.44. The most recent insider tranaction occured on March, 23rd when Director David Lifeng Chen sold 83,544 shares worth more than $126,151.44. Insiders at VNET Group own 12.1% of the company. Learn More about insider trades at VNET Group.
Information on this page was last updated on 3/23/2026.

David Lifeng Chen Insider Trading History at VNET Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
3/23/2026	Sell	83,544	$1.51	$126,151.44	334,164

David Lifeng Chen Buying and Selling Activity at VNET Group

VNET Group Company Overview

VNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.

Today's Range

Now: $9.25

$8.91

$9.29

50 Day Range

MA: $10.96

$8.81

$14.03

2 Week Range

Now: $9.25

$4.65

$14.48

Volume

3,404,953 shs

Average Volume

6,990,673 shs

Market Capitalization

$2.49 billion

P/E Ratio

N/A

Dividend Yield