SHENZHEN, China, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading cloud-based bandwidth acceleration technology company in China, today announced that the Company and China Mobile IoT Company Limited (“CMIoT”) have entered into a strategic partnership agreement to jointly develop IoT industry solutions by leveraging blockchain technology.
CMIoT, a wholly-owned subsidiary of China Mobile, focuses on operating IoT network, designing IoT chips, producing smart home applications and wearables, and developing and operating IOT card connection management platform, OneLink, and IOT open platform, OneNET. It builds a comprehensive architecture named “Cloud-Pipeline-Device”.
In accordance with the partnership agreement, Xunlei and CMIoT will jointly invest in the research and development of innovative applications of blockchain and IoT technologies. Both companies will also share market intelligence of the latest industry trend, provide traffic support, and strengthen product operations.
Mr. Qiao Hui, General Manager of CMIoT, said: “Xunlei is an innovative leader in blockchain technology and cloud computing, and China Mobile has built one of the world’s largest core networks for IoT with over 500 million connections. Together, we will bring unparalleled blockchain and IoT capabilities to optimize customer experience and drive technological innovation.”
Mr. Lei Chen, Chief Executive Officer of Xunlei, stated: “China Mobile is a world-leading telecommunications service provider and leads the way in IoT adoption in China. Xunlei has unique strengths and experience in blockchain technology, including high performance products like ThunderChain and TCFS. I believe this partnership with CMIoT will facilitate our efforts to integrate these products into the emerging IoT technologies to enhance their efficiency and security.”
Xunlei Limited ("Xunlei") is a leading cloud-based bandwidth 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.
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Source: Xunlei Limited