SCHEDULE 13G 0001603466 XXXXXXXX LIVE Class A Ordinary Shares, par value $0.00001 per share 01/08/2026 0001508475 VNET Group, Inc. 90138A103 GUANJIE BUILDING, SOUTHEAST 1ST FLOOR 10# JIUXIANQIAO EAST ROAD Beijing F4 100016 Rule 13d-1(c) Point72 Asset Management, L.P. b DE 0.00 76454352.00 0.00 76454352.00 76454352.00 N 4.8 PN Represented by 12,742,392 ADSs (as defined in Item 2(a)) (includes 307,200 Class A Ordinary Shares (as defined in Item 2(a)) (represented by 51,200 ADSs) issuable upon exercise of call options) Point72 Capital Advisors, Inc. b DE 0.00 76454352.00 0.00 76454352.00 76454352.00 N 4.8 CO Represented by 12,742,392 ADSs (includes 307,200 Class A Ordinary Shares (represented by 51,200 ADSs) issuable upon exercise of call options) Point72 Europe (London) LLP b X0 0.00 3394476.00 0.00 3394476.00 3394476.00 N 0.2 OO Represented by 565,746 ADSs Steven A. Cohen b X1 0.00 79848828.00 0.00 79848828.00 79848828.00 N 5.0 IN Represented by 13,308,138 ADSs (includes 307,200 Class A Ordinary Shares (represented by 51,200 ADSs) issuable upon exercise of call options) VNET Group, Inc. Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road Chaoyang District, Beijing, 100016, The People's Republic Of China This statement is filed by: (i) Point72 Asset Management, L.P. ("Point72 Asset Management") with respect to the class A ordinary shares, par value $0.00001 per share ("Class A Ordinary Shares"), of VNET Group, Inc. (the "Issuer") held, in the form of American Depositary Shares ("ADSs"), by (and underlying options held by) an investment fund it manages; (ii) Point72 Capital Advisors, Inc. ("Point72 Capital Advisors Inc.") with respect to the Class A Ordinary Shares held, in the form of ADSs, by (and underlying options held by) an investment fund managed by Point72 Asset Management; (iii) Point72 Europe (London) LLP ("Point72 Europe (London)") with respect to the Class A Ordinary Shares held, in the form of ADSs, by an investment fund it manages; and (iv) Steven A. Cohen ("Mr. Cohen") with respect to the Class A Ordinary Shares beneficially owned, in the form of ADSs, by Point72 Asset Management, Point72 Capital Advisors Inc. and Point72 Europe (London). Each of Cubist Systematic Strategies, LLC, Point72 Hong Kong Limited, Point72 (DIFC) Limited, and Point72 Asia (Singapore) Pte. Ltd. are advisors under common control with Point72 Asset Management, and each acts as a sub-advisor with respect to a portion of the Class A Ordinary Shares reported herein. There is no CUSIP number assigned to the Class A Ordinary Shares. The CUSIP Number 90138A103 has been assigned to the ADSs of the Issuer, which are quoted on the Nasdaq Global Select Market under the symbol "VNET." Each ADS represents 6 Class A Ordinary Shares. Point72 Asset Management, Point72 Capital Advisors Inc., Point72 Europe (London), and Mr. Cohen have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934 (the "Act"). The address of the principal business office of (i) Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902; and (ii) Point72 Europe (London) is 8 St. James's square, London, United Kingdom SWIY 4JU. Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Point72 Europe (London) is a limited liability partnership incorporated in England and Wales. Mr. Cohen is a United States citizen. Y The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on January 8, 2026. Point72 Asset Management, Point72 Capital Advisors Inc., Point72 Europe (London) and Mr. Cohen own directly no Class A Ordinary Shares. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by an investment fund it manages. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Pursuant to an investment management agreement, Point72 Europe (London) maintains investment and voting power with respect to the securities held by an investment fund it manages. Mr. Cohen controls each of Point72 Asset Management, Point72 Capital Advisors Inc. and Point72 Europe (London). The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Class A Ordinary Shares reported herein. 5.0% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on January 8, 2026. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on January 8, 2026. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on January 8, 2026. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on January 8, 2026. Y N See Item 2(a). Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1: Joint Filing Agreement Point72 Asset Management, L.P. /s/ Jason M. Colombo 01/09/2026 Point72 Capital Advisors, Inc. /s/ Jason M. Colombo 01/09/2026 Point72 Europe (London) LLP /s/ Jason M. Colombo 01/09/2026 Steven A. Cohen /s/ Jason M. Colombo 01/09/2026