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Xunlei ( (XNET) ) just unveiled an update.
Xunlei Limited announced its acquisition of Shanghai Kuanghui Internet Technology Co., Ltd., which operates Hupu, for RMB500 million. The acquisition, expected to close in early 2025, aims to enhance Xunlei’s content ecosystem by integrating Hupu’s sports media and data platform. This strategic move is intended to create synergies between Xunlei’s technological expertise and Hupu’s sports content, improving community interaction and user experience.
More about Xunlei
Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China, offering products and services in cloud acceleration, shared cloud computing, and digital entertainment to enhance internet experiences.
YTD Price Performance: 11.90%
Average Trading Volume: 134,631
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $149M
See more insights into XNET stock on TipRanks’ Stock Analysis page.