Why ByteDance’s Reported Data Center Order Could Be a Major Win for VNET (VNET)

VNET Group, Inc (NASDAQ:VNET) is one of the best rising AI stocks to buy now. On March 5, 2026, The Star, citing Bloomberg, reported that VNET had secured a record order from ByteDance to provide about 500 megawatts of data center capacity in China. According to the report, ByteDance is seeking more computing and storage capacity to support the growth of its flagship chatbot Doubao and other artificial intelligence technologies. No financial terms or other deal details were disclosed. The reported order ...