Xunlei Limited Announces Completion of Disposition of Majority Equity Interest in Shenzhen Onething
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
Company Research
Source: GlobeNewswire
SHENZHEN, China, March 16, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that all conditions precedent to the disposition of a majority equity interest in Shenzhen Onething Technology Co., Ltd. (“Shenzhen Onething”), as previously announced on March 3, 2026 (the “Transaction”), have been satisfied and accordingly, the Transaction has successfully closed. The Company’s variable interest entity in China, Shenzhen Xunlei Networking Technologies Co., Ltd. (“Shenzhen Xunlei”), has transferred 20% and 30% of the equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology Co., Ltd., for a cash consideration of RMB50 million (inclusive of tax), and to Shenzhen Xinghan Zhilian Technology Co., Ltd., for a cash consideration of RMB75 million (inclusive of tax), respectively. Upon completion of the Transaction, Shenzhen Xunlei retains a 20% e
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News
- Xunlei Limited Announces Completion of Disposition of Majority Equity Interest in Shenzhen Onething [Yahoo! Finance]Yahoo! Finance
- Xunlei Ltd (XNET) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Rising Net Losses [Yahoo! Finance]Yahoo! Finance
- Xunlei Q4 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Xunlei Limited (XNET) Q4 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Xunlei Non-GAAP EPADS of $0.08, revenue of $143.3M [Seeking Alpha]Seeking Alpha
XNET
Sec Filings
- 3/16/26 - Form 6-K
- 3/12/26 - Form 6-K
- 3/9/26 - Form 3
- XNET's page on the SEC website