Rumor: Xunlei to Spin Off Online Video Business for IPO
TechWeb, 11/23/12
According to Chinese tech site Newhua, Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei may renew its plans to IPO in the US, this time spinning off its online P2P video service provider Xunlei Kankan. According to an industry insider, Xunlei will announce the spinoff of Xunlei Kankan at a press conference this afternoon.
Upon spinning off Xunlei Kankan, the company will ensure Xunlei Kankan hosts only legal HD video content in anticipation of its US IPO. Xunlei did not comment on the matter.