Xunlei Limited, a leading technology company providing distributed cloud services in China, announced on June 2, 2025, that it has successfully closed its acquisition of Shanghai Kuanghui Network Technology Co., Ltd., which operates Hupu, a prominent sports media and data platform in China. According to the terms of the definitive agreement, Xunlei has already paid RMB400 million of the total RMB500 million cash consideration for the transaction. The remaining RMB100 million will be paid in two equal installments twelve and twenty-four months following the closing.
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