March 13 (Reuters) - China-based internet data center

services provider VNET Group ( VNET ) on Thursday launched a

proposed offering of $400 million in convertible senior notes to

fund its data center projects.

The capital raise by the Chinese data center specialist

marks the latest in a series of fundraising efforts by Chinese

technology companies.

Firms in the world's second-largest economy continue to tap

international markets following a high-level summit led by

President Xi Jinping in February, where the nation's top tech

leaders gathered.

The meeting signaled an easing of the regulatory crackdown,

boosting investor confidence and driving a surge in fundraising

as Chinese tech firms seek expansion amid improving market

conditions.

The maturity date for VNET's ( VNET ) notes is April 1, 2030, unless

they are repurchased, redeemed, or converted before that.

VNET ( VNET ) plans to use the net proceeds from the offering for

capital investment in wholesale internet data center projects.

Goldman Sachs is acting as the sole bookrunner for the

offering.

(Reporting by Roshan Thomas in Bengaluru; Editing by Mrigank

Dhaniwala)