Xunlei Forges Strategic Partnership with China Mobile IoT to Develop Blockchain and IoT Applications
December 10 2018 - 07:30AM
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.”
About Xunlei
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.
Safe Harbor Statement
This press release contains statements of a
forward-looking nature. These statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the management's quotations contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company's ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company's ability to keep up with technological developments and
users' changing demands in the internet industry; the Company's
ability to convert its users into subscribers of its premium
services; the Company's ability to deal with existing and potential
copyright infringement claims and other related claims; the
Company’s ability to react to the governmental actions for its
scrutiny of internet content in China and the Company's ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
Contact:
Investor Relations Xunlei Limited
Email: ir@xunlei.comTel: +86 755 8633 8443Website:
http://ir.xunlei.com
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