Xunlei Closes Acquisition of Hupu
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
Company Research
Source: GlobeNewswire
SHENZHEN, China, June 02, 2025 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that it has closed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd. ("Kuanghui", also known as Shanghai Kuanghui Internet Technology Co., Ltd.), which operates Hupu, a leading sports media and data platform in China. Pursuant to the terms of the definitive agreement between Xunlei and Kuanghui, Xunlei has paid a cash consideration of RMB400 million prior to the closing. As announced previously, the total cash consideration for the transaction is RMB500 million. Xunlei will pay the remaining RMB100 million cash consideration in two equal installments after twelve and twenty-four months following the closing of the transaction, respectively, according to the terms of the definitive agreement. About Xunlei Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a lead
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News
- Xunlei (NASDAQ:XNET) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c-)" rating to a "buy (b-)" rating.MarketBeat
- Xunlei (NASDAQ:XNET) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Xunlei (NASDAQ:XNET) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Xunlei: Has More Than Enough To Get Back On Track [Seeking Alpha]Seeking Alpha
- Xunlei (NASDAQ:XNET) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
XNET
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- 11/13/25 - Form 6-K
- XNET's page on the SEC website