SHENZHEN, China, May 22, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), a leading cloud-based bandwidth acceleration technology company in China, announced today that the Company’s cloud computing business model for sharing economy was cited by the 2018 White Paper on China’s Blockchain Industry as an endeavor to lower bandwidth cost through innovation, improve internet speed, save energy and reduce carbon dioxide emission.
The 2018 White Paper on China’s Blockchain Industry (the “White Paper”) is an authoritative report issued by the Information Center of the Ministry of Industry and Information Technology of the People’s Republic of China (the “MIIT Information Center”). In formulating such White Paper, the MIIT Information Center conducted extensive research on macro policies, multiple industries and select companies with blockchain applications. Xunlei’s shared computing model is cited as one of the mainstream blockchain infrastructure by the White Paper, which also notes that Xunlei’s blockchain-based hardware, OneThing Cloud, has been serving as a bridge in transforming idle computing resources shared by individual users into high-quality resources that enterprises can utilize. According to the White Paper, Xunlei’s shared computing model helps enterprises reduce operating costs, enhance user experience, and more importantly, save energy and reduce carbon dioxide emission.
The White Paper was officially released by the MIIT Information Center on May 20 in Beijing during 2018 China Blockchain Industry Forum (the “Forum”). The CEO of Xunlei, Mr. Lei Chen, was invited to speak on the Forum and introduce how Xunlei was applying blockchain technology to empower real economy by building an ecosystem involving millions of users, companies and developers.
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.
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