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Stock impact report

Xunlei Announces Strategic Partnership with Newland Hi-Tech Group and Restructuring of LinkToken Program

Xunlei Limited - American Depositary Shares (XNET) 
US:NASDAQ Investor Relations: ir.xunlei.com
Company Research Source: GlobeNewswire
SHENZHEN, China, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading cloud-based bandwidth acceleration technology company in China, today announced that the Company has entered into a strategic partnership with Newland Hi-Tech Group Co., Ltd. (“Newland”) (the “Strategic Partnership”). Newland is a leading international integrated service provider of electronic payment products. It has been developing a “Digital Citizen” program in China, which is aimed to provide innovative public services for citizens. Through the Strategic Partnership, Xunlei and Newland will leverage their respective strengths and technology know-how to research and develop new products and services.  In connection with the Strategic Partnership, Xunlei also entered into a series of transactions with Beijing LinkChain Co., Ltd. (“Beijing LinkChain”), an associated company of Newland, to transfer the exclusive right to operate LinkToken program within mainland C Show less Read more
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