Xunlei (XNET) Completes Deal to Acquire Hupu

Xunlei Limited (NASDAQ:XNET) is one of the 10 Best Performing Penny Stocks So Far in 2025. On June 2, Xunlei Limited (NASDAQ:XNET) announced that it has completed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd., the company that operates Hupu, a leading sports media and data platform in China.

According to the agreement, Xunlei Limited (NASDAQ:XNET) paid RMB 400 million in cash prior to the closing of the transaction. The company will pay another RMB 100 million in cash in two equal installments. This will include one installment after 12 months and the other after 24 months from the closing of the transaction.

Xunlei (XNET) Completes Deal to Acquire Hupu

An artfully detailed shot of a computer monitor displaying a streaming video from Xunlei Media Player, demonstrating the company’s online media capabilities.

Xunlei Limited (NASDAQ:XNET) expects to create strong benefits from its acquisition of Hupu. This strategic move will allow the company to combine its large user base and technological expertise with Hupu ‘s high-quality sports content and active community. This is expected to help promote content downloads, community engagement, and sports consumption.

This transaction will also improve Xunlei Limited’s (NASDAQ:XNET) community services by adding Hupu’s premium sports content and active user base.

Xunlei Limited (NASDAQ:XNET) is a Chinese multinational technology company that provides distributed cloud services in China. The company offers a range of products and services across cloud acceleration, shared cloud computing, and digital entertainment.

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Disclosure: None. This article is originally published at Insider Monkey.