Xunlei Ltd announces completion of strategic divestment of Xunlei Kankan

Thursday, Jul 16, 2015

Xunlei Ltd:Says that it has completed the previously announced strategic divestment of Xunlei Kankan, the Company's online video streaming platform.The Company sold its entire stake in Xunlei Kankan to Beijing Nesound International Media Corp., Ltd. for a total consideration of RMB130 million, of which RMB26 million remains unpaid and will be paid to the company one year after the closing date.

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