The founder of Vnet Group Inc. is seeking to increase his stake in the Chinese data-center operator before the end of a pact that would likely strip him of effective control of the company, according to people familiar with the matter.
Josh Sheng Chen, who is also co-chairperson and interim chief executive officer of Vnet, has been sounding out insurers and private equity firms to gauge if they’re interested in helping to finance an acquisition of some or all of the stake held by Shandong Hi-Speed Holdings Group Ltd., the people said, asking not to be identified discussing ...
