Xunlei Launches New Products to Build a Blockchain Ecosystem
SHENZHEN, China, May 17, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), a leading cloud-based acceleration technology company in China, today announced that it has launched StellarCloud and ThunderChain Open Platform to build a blockchain ecosystem in a product introduction ceremony held in Beijing on May 16, 2018. The StellarCloud is a shared cloud computing platform which will expand Xunlei’s existing Content Delivery Network (CDN) services to Infrastructure as a Service (IaaS). It also offers edge computing, function computing and shared CDN (SCDN) solutions. The StellarCloud is created to help companies in their transition to cloud, including content delivery, live streaming, data storage and artificial intelligence (AI). During the ceremony, iQIYI (Nasdaq:IQ), an innovative market-leading online entertainment service in China, entered into a strategic cooperation agreement with Xunlei with respect to the StellarCloud. The ThunderChain is a high-performance blockchain infrastructure that can concurrently process over a million transactions per second (TPS). Now with the ThunderChain Open Platform, third-party developers and companies, especially start-ups, can easily build, migrate and manage decentralized applications (DApps) with low operating costs. The debut of the StellarCloud and the ThunderChain Open Platform, in addition to Xunlei’s blockchain-based personal cloud device OneThing Cloud, will create a Blockchain 3.0 ecosystem participated by millions of users, developers and companies. Within the ecosystem, OneThing Cloud users can voluntarily share their idle computing resources to receive LinkToken as a proof of contribution. LinkToken can be used to exchange for products or services that companies develop with the ThunderChain Open Platform or the StellarCloud. Enterprise users can exchange LinkToken for the idle computing resources contributed by OneThing Cloud users. The closed-loop ecosystem demonstrates two main advantages. First, individual users can be encouraged to share their redundant resources with enterprises with a high level of trust. Second, enterprise users will save their operating costs and create applications and services that cater to the end users’ practical needs. Mr. Lei Chen, Chief Executive Officer of Xunlei, stated, “Incentive and trust are two main issues facing not only shared computing, but also every sharing economy model in today’s digital age. The emergence of blockchain technology – featuring immutability, openness and fairness - provides efficient solutions to some of the pressing problems we encounter today. With Xunlei’s blockchain infrastructure, strong developer support and a million-user ecosystem, we believe developers and companies can create practical applications and solutions that really benefit end users in the era of Blockchain 3.0.”
Xunlei Limited (“Xunlei”) is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users’ digital media content access and consumption needs.
Safe Harbor Statement
This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the management’s quotations as well as the Company’s strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company’s ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company’s ability to keep up with technological developments and users’ changing demands in the internet industry; the Company’s ability to convert its users into subscribers of its premium services; the Company’s ability to deal with existing and potential copyright infringement claims and other related claims; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company’s ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
CONTACT: Investor RelationsXunlei LimitedEmail: email@example.comTel: +86 755 8633 8443Website: http://ir.xunlei.com