Xunlei Limited Announces Entry into Definitive Agreements for Disposition of Majority Equity Interest in Shenzhen Onething [Yahoo! Finance]
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
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Source: Yahoo! Finance
Xunlei Limited SHENZHEN, China, March 03, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited (“ Xunlei ” or the “ Company ”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that its variable interest entity in China, Shenzhen Xunlei Networking Technologies Co., Ltd. (“ Shenzhen Xunlei ”), has entered into definitive agreements to transfer an aggregate 50% equity interest in Shenzhen Onething Technology Co., Ltd. (“ Shenzhen Onething ”) for an aggregate cash consideration of RMB125 million. Pursuant to the terms of the definitive agreements, Shenzhen Xunlei will transfer (i) 20% of the equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology Co., Ltd. (“ Wuhan Kingsoft Cloud ”), a variable interest entity of Kingsoft Cloud Holdings Limited (Nasdaq: KC; HKEX: 3896) (“ Kingsoft Cloud ”), for a cash consideration of RMB50 million (inclusive of tax) (the “ Wuhan Kingsoft Cloud Equity Transfer Transaction ”); a
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News
- Xunlei Limited Schedules 2025 Unaudited Fourth Quarter and Fiscal Year Earnings Release on March 12, 2026GlobeNewswire
- Xunlei enters agreements for diposition of equity interest in Shenzhen Onething [Yahoo! Finance]Yahoo! Finance
- Xunlei Limited Announces Entry into Definitive Agreements for Disposition of Majority Equity Interest in Shenzhen OnethingGlobeNewswire
- Xunlei (NASDAQ:XNET) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Xunlei (NASDAQ:XNET) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
XNET
Sec Filings
- 3/3/26 - Form 6-K
- 2/4/26 - Form SCHEDULE
- XNET's page on the SEC website