Rumor: Xunlei Wins USD 25 Mln Xiaomi Funding, Prepares for US IPO

Sohu IT, 2/26/14

According to industry sources, Chinese internet company Xunlei has completed preparations for a US IPO and expects to begin trading publicly in Q2 or Q3 of this year. In addition, the company has reportedly received USD 25 mln in funding from Beijing-based Android device maker Xiaomi.

Shang Jin, GM of Xiaomi's gaming business unit, announced recently that the company has partnered with Xunlei to provide streaming of Xunlei's "Xunlei Kankan" P2P video service content to users of Xiaomi's "Xiaomi Box" internet TV STB and Xiaomi TV smart TV products.

Editor's note: Xunlei CEO Sean Zou has confirmed that the company has met extensively with multiple leading internet companies to discuss strategic investment opportunities, but stressed that no conclusive agreements have been reached. With regard to a US IPO, Zou indicated that Xunlei is "actively following" the matter. For more information on this topic, please see "Xunlei Prepares for Second IPO Attempt," MD 1/12/12 and "Rumor: Xiaomi to Invest in Xunlei," MD 1/16/14 issues.

Keywords: Shang Jin Internet IPO funding Xunlei Xiaomi Sean Zou online video online gaming

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