Xunlei Collaborates with China Tower Corporation on Edge Computing Project
November 18 2019 - 8:00AM
Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a
leading innovator in shared cloud computing and blockchain
technology in China, today announced that the Company and the
Shaanxi subsidiary company of China Tower Corporation Limited
(“China Tower Shaanxi subsidiary”) have entered into an agreement
to jointly develop an edge computing project. Under the
agreement, Xunlei and China Tower Shaanxi subsidiary will start an
edge computing project in Shaanxi province to deploy the initial
computing nodes at 10,000 cellular tower stations. Taking advantage
of each other’s strengths, the parties intend to cooperate in areas
including edge computing, IoT and blockchain, and jointly build an
edge computing and IoT ecosystem to facilitate the development of
information system for other industries in the era of 5G
technology. A signing ceremony was held in Shenzhen today to
officially launch the joint project. Mr. Tao Xiang, the General
Manager of China Tower Shaanxi subsidiary, Mr. Lei Chen, the Chief
Executive Officer of Xunlei and Shenzhen Onething
Technologies Co., Ltd., a wholly-owned operating entity of Xunlei,
and Mr. Shiming Liu, the President of Shenzhen Nanshan District
Science & Technology Innovation Bureau, attended the ceremony.
Founded in 2014, China Tower Shaanxi subsidiary operates
approximately 70,000 cellular transmission stations and with total
assets of approximately RMB10 billion. With widely distributed
cellular transmission tower resources, China Tower Shaanxi
subsidiary recently accelerated its business development by
actively seeking business opportunities in IoT, big data, edge
computing, artificial intelligence, and other information and
communications service industries. Mr. Lei Chen commented,
“Combining the extensive operating experience, vast resources, and
outstanding service ability of China Tower and the advanced
technology, products, and ecosystems of Xunlei, I believe our
strategic cooperation will help create a large, efficient and
reliable innovative edge computing network to accelerate the
development of the Chinese IoT industry in the era of 5G
technology.”
About Xunlei Founded in 2003, Xunlei
Limited (NASDAQ: XNET) is a leading innovator in shared cloud
computing and blockchain technology in China. Xunlei provides a
wide range of products and services across cloud acceleration,
blockchain, shared cloud computing and digital entertainment to
deliver an efficient, smart and safe internet experience.
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may be required by law. Contact: Investor RelationsXunlei
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