Xunlei Launches New Products to Build a Blockchain Ecosystem
17 May 2018 - 9:30PM
Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), a leading
cloud-based acceleration technology company in China, today
announced that it has launched StellarCloud and ThunderChain Open
Platform to build a blockchain ecosystem in a product introduction
ceremony held in Beijing on May 16, 2018. The StellarCloud is
a shared cloud computing platform which will expand Xunlei’s
existing Content Delivery Network (CDN) services to Infrastructure
as a Service (IaaS). It also offers edge computing, function
computing and shared CDN (SCDN) solutions. The StellarCloud is
created to help companies in their transition to cloud, including
content delivery, live streaming, data storage and artificial
intelligence (AI). During the ceremony, iQIYI (Nasdaq:IQ), an
innovative market-leading online entertainment service in China,
entered into a strategic cooperation agreement with Xunlei with
respect to the StellarCloud. The ThunderChain is a
high-performance blockchain infrastructure that can concurrently
process over a million transactions per second (TPS). Now with the
ThunderChain Open Platform, third-party developers and companies,
especially start-ups, can easily build, migrate and manage
decentralized applications (DApps) with low operating costs.
The debut of the StellarCloud and the ThunderChain Open Platform,
in addition to Xunlei’s blockchain-based personal cloud device
OneThing Cloud, will create a Blockchain 3.0 ecosystem participated
by millions of users, developers and companies. Within the
ecosystem, OneThing Cloud users can voluntarily share their idle
computing resources to receive LinkToken as a proof of
contribution. LinkToken can be used to exchange for products or
services that companies develop with the ThunderChain Open Platform
or the StellarCloud. Enterprise users can exchange LinkToken for
the idle computing resources contributed by OneThing Cloud users.
The closed-loop ecosystem demonstrates two main advantages. First,
individual users can be encouraged to share their redundant
resources with enterprises with a high level of trust. Second,
enterprise users will save their operating costs and create
applications and services that cater to the end users’ practical
needs. Mr. Lei Chen, Chief Executive Officer of Xunlei,
stated, “Incentive and trust are two main issues facing not only
shared computing, but also every sharing economy model in today’s
digital age. The emergence of blockchain technology – featuring
immutability, openness and fairness - provides efficient solutions
to some of the pressing problems we encounter today. With Xunlei’s
blockchain infrastructure, strong developer support and a
million-user ecosystem, we believe developers and companies can
create practical applications and solutions that really benefit end
users in the era of Blockchain 3.0.”
About Xunlei
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.
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 as well
as the Company's strategic, operational and acquisition plans,
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 RelationsXunlei LimitedEmail:
ir@xunlei.comTel: +86 755 8633 8443Website:
http://ir.xunlei.com
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