Xunlei Completes Acquisition of Hupu for RMB500 Million

Xunlei ( (XNET) ) has provided an announcement.

On June 2, 2025, Xunlei Limited announced the completion of its acquisition of Shanghai Kuanghui Network Technology Co., Ltd., which operates Hupu, a prominent sports media and data platform in China. The acquisition involves a total cash consideration of RMB500 million, with RMB400 million already paid and the remaining RMB100 million to be paid in two equal installments over the next two years. This strategic acquisition is expected to enhance Xunlei’s market presence in the digital entertainment sector, potentially offering new opportunities for growth and expansion in the sports media industry.

Spark’s Take on XNET Stock

According to Spark, TipRanks’ AI Analyst, XNET is a Neutral.

Xunlei faces challenges with declining revenue and cash flow inefficiencies, as well as an overvalued P/E ratio. Positive technical indicators and strategic growth initiatives offer some support, but financial performance and valuation concerns weigh heavily on the overall stock score.

To see Spark’s full report on XNET stock, click here.

More about Xunlei

Founded in 2003, Xunlei Limited is a leading technology company providing distributed cloud services in China. The company offers a wide range of products and services across cloud acceleration, shared cloud computing, and digital entertainment to deliver an efficient, smart, and safe internet experience.

Average Trading Volume: 712,044

Technical Sentiment Signal: Buy

Current Market Cap: $349.9M

See more data about XNET stock on TipRanks’ Stock Analysis page.