Xunlei Ltd. (China)

The Company operates a consumer Internet platform for digital media content in China.
BUSINESS
The Company is an innovator in shared cloud computing and blockchain technology in China. The Company operates a powerful Internet platform in China based on cloud technology to enable its users to quickly access, manage, and consume digital media content on the internet. In recent years, the Company has expanded its products and services from PC-based devices to mobile devices in part through pre-installed acceleration products in mobile phones to further enlarge its user base and offer The Company s users a wider range of access points. The Company provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing, and digital entertainment to deliver an efficient, smart, and safe Internet environment.
HISTORY
2003 The Company commenced operations in January 2003 through the establishment of Shenzhen Xunlei, which currently, together with its various subsidiaries in the PRC, operates its Xunlei internet platform.
2005 The Company was incorporated under the law of Cayman Islands ( Cayman ) as a limited liability company on February 3, 2005 under the name of Giganology Limited.
2010 On December 30, 2010, the shareholders of the Company approved the change of the name of the Company from Giganology Limited to Xunlei Limited and it was registered with the relevant authority on January 28, 2011.
2014 The Company s ADSs has been listed on The NASDAQ Global Select Market since June 24, 2014. The Company s ADSs currently trade on The NASDAQ Global Select Market under the symbol “XNET.”
In September 2014, The Company through Shenzhen Xunlei, acquired from subsidiaries of Kingsoft Corporation Limited Kuaipan Personal and Kansunzi, both software services in support of cloud-sourced storage and sharing, and their related business and assets.
2015 In July 2015, The Company completed the sale of its entire stake in Xunlei Kankan to Beijing Nesound International Media Corp., Ltd., an independent third party.
2021 In April 2021, Xunlei Network HK (a wholly-owned subsidiary of The Company) acquired all equity interests of Funi. Pte. Ltd. from an independent third party. Funi Pte. Ltd was established in Singapore and primarily engages in audio live streaming business in the Middle East, North Africa, and Southeast Asia and business development for international markets.