SHENZHEN, China, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), a leading cloud-based acceleration technology company in China, today announced that three of its wholly controlled operating companies Shenzhen Xunlei Networking Technologies Co., Ltd., Shenzhen Onething Technologies Co., Ltd. and Shenzhen Xunlei Wangwenhua Co., Ltd. have been certified as national high-tech enterprises by the Ministry of Science and Technology of P.R. China. The certification is valid for three years. Government approved high-tech companies enjoy a preferred income tax rate of 15%.
Mr. Lei Chen, Chief Executive Officer of Xunlei, commented: “It’s a great honor to be recognized as a national high-tech company. For the past 15 years, Xunlei has built its reputation through its outstanding technical know-how. Particularly, since establishment of Shenzhen Onething Technologies Co. in 2013, the Company has invested a significant amount of capital in research and development of industry leading emerging technologies.”
“We believe our proprietary distributed cloud computing technology has certain advantages over and is complementary to the traditional CDN industry. And it can contribute to the development of the IoT industry. The company is committed to furthering its endeavor for the benefit of sharing economy and building a sustainable business for the years to come.” Mr. Lei Chen concluded.
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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