About Xunlei
Xunlei is a company based in Shanghai (China) founded in 2003. It operates as a SaaS (Software-as-a-Service), Subscription Services, and Blockchain-as-a-Service. Xunlei has raised $340 million across 4 funding rounds from investors including Xiaomi, Kingsoft and 5Y Capital. The company has 1,220 employees as of December 31, 2024. Xunlei has completed 1 acquisition, including Hupu. Xunlei offers products and services including Xunlei Download Client, Xunlei Cloud Disk, Xingyu Cloud, and Xunlei Chain. Xunlei operates in a competitive market with competitors including Take-Two Interactive, Nexon, Nintendo, Atari and Thatgamecompany, among others.
- Headquarter Shanghai, China
- Employees 1220 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Xunlei Ltd. Adr
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Annual Revenue
$323.3 M-11.24as on Dec 31, 2024
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Net Profit
$1.22 M-91.45as on Dec 31, 2024
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EBITDA
$11.98 M125.9as on Dec 31, 2024
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Total Equity Funding
$340 M (USD)
in 4 rounds
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Latest Funding Round
$310 M (USD), Series D
Apr 01, 2014
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Investors
Xiaomi
& 4 more
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Employee Count
1220
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Xunlei
Xunlei is a publicly listed company on the NASDAQ with ticker symbol XNET in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Xunlei
Xunlei offers a comprehensive portfolio of products and services, including Xunlei Download Client, Xunlei Cloud Disk, Xingyu Cloud, and Xunlei Chain. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A tool for high-speed file downloading is provided.
Cloud storage for files across devices is offered.
Edge computing solutions for enterprises are delivered.
Blockchain platform for developers is made available.
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Funding Insights of Xunlei
Xunlei has successfully raised a total of $340M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $310 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $310.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series D - Xunlei | Valuation | Xiaomi | |
| Dec, 2006 | Amount | Series B - Xunlei | Valuation |
investors |
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| Jun, 2005 | Amount | Series B - Xunlei | Valuation | IDG Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xunlei
Xunlei has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Xiaomi, Kingsoft and 5Y Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A venture capital firm focused on technology and innovation investments.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by Morningside, a VC fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xunlei
Xunlei has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hupu. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Sports commentary and news are provided through Hupu's platform.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Xunlei
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xunlei Comparisons
Competitors of Xunlei
Xunlei operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Take-Two Interactive, Nexon, Nintendo, Atari and Thatgamecompany, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Video games for PC and console platforms are developed.
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| domain | founded_year | HQ Location |
Nexon is recognized as a leading developer of online games.
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| domain | founded_year | HQ Location |
Nintendo is recognized for developing gaming consoles and software.
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| domain | founded_year | HQ Location |
Developer and publisher of casual casino PC games
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| domain | founded_year | HQ Location |
Developer of PC and mobile-based games
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| domain | founded_year | HQ Location |
Casual video games are developed for mobile and PC platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xunlei
Frequently Asked Questions about Xunlei
When was Xunlei founded?
Xunlei was founded in 2003.
Where is Xunlei located?
Xunlei is headquartered in Shanghai, China.
Who is the current CEO of Xunlei?
Lei Chen is the current CEO of Xunlei.
Is Xunlei a funded company?
Xunlei is a funded company, having raised a total of $340M across 4 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 01, 2003.
How many employees does Xunlei have?
As of Dec 31, 2024, the latest employee count at Xunlei is 1,220.
What is the annual revenue of Xunlei?
Annual revenue of Xunlei is $323.3M as on Dec 31, 2024.
What does Xunlei do?
Xunlei is established as a global leader in decentralized services, specializing in storage and transmission network solutions. Based in Shenzhen, China, the company was founded in 2003 and listed on NASDAQ in 2014. Core activities are centered on developing advanced download technologies, cloud storage, edge computing, and blockchain platforms. Products such as Xunlei Download Client, Xunlei Cloud Disk, Xingyu Cloud, and Xunlei Chain are offered to enhance user and enterprise digital experiences. Sectors served include internet software, digital entertainment, and enterprise cloud solutions. The company is committed to supporting national digital economy goals through continuous technological innovation and partnerships in areas like copyright protection, healthcare, and finance.
Who are the top competitors of Xunlei?
Xunlei's top competitors include Nexon, Playrix and Take-Two Interactive.
What products or services does Xunlei offer?
Xunlei offers Xunlei Download Client, Xunlei Cloud Disk, Xingyu Cloud, and Xunlei Chain.
Is Xunlei publicly traded?
Yes, Xunlei is publicly traded on NASDAQ under the ticker symbol XNET.
How many acquisitions has Xunlei made?
Xunlei has made 1 acquisition, including Hupu.
Who are Xunlei's investors?
Xunlei has 5 investors. Key investors include Xiaomi, Kingsoft, 5Y Capital, IDG Capital, and Morningside.
What is Xunlei's ticker symbol?
The ticker symbol of Xunlei is XNET on NASDAQ.