SHENZHEN, China, Jan. 27, 2025 — Xunlei Limited (“Xunlei”), a leading Chinese distributed cloud services provider (Nasdaq: XNET), announced a definitive agreement to acquire Hupu, operated by Shanghai Kuanghui Internet Technology Co., Ltd., for RMB500 million (subject to adjustments). Hupu is a prominent Chinese sports media and data platform. The transaction, contingent on certain conditions, is anticipated to close in the first half of 2025.
Xunlei Chairman and CEO, Mr. Jinbo Li, stated that the Hupu acquisition is poised to create strong synergy. This strategic move combines Xunlei’s substantial user base and internet content transmission expertise with Hupu’s high-quality sports content and active community, stimulating content downloads, user interaction, and sports consumption within a loyal niche market. Furthermore, the acquisition enhances Xunlei’s community operations by expanding its content ecosystem and leveraging Xunlei’s technological and brand strengths to improve user experience.
About Xunlei
Established in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company in China specializing in distributed cloud services. Xunlei offers a diverse portfolio of cloud acceleration, shared cloud computing, and digital entertainment products and services, aiming to provide efficient, intelligent, and secure internet experiences.
Safe Harbor Statement
This press release includes forward-looking statements, made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements, identifiable by terms like “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “estimates,” and similar expressions, include management quotes and strategic, operational, and acquisition plans. These statements involve inherent risks and uncertainties, based on current expectations and assumptions about the Company and its industry. These risks and uncertainties include, but are not limited to: Xunlei’s capacity for continued innovation and user retention; adaptation to technological advancements and evolving user demands; conversion of users to premium service subscribers; management of copyright infringement claims; response to government actions regarding internet content in China; and competitive pressures. While Xunlei believes these expectations are reasonable, actual results may differ materially. Further details on risks and uncertainties are available in Xunlei’s SEC filings. All information provided is current as of the press release date; Xunlei does not assume any obligation to update forward-looking statements, except as legally required.
Investor Relations
Xunlei Limited
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