Xunlei Strikes Deal to Divest Majority Stake in Edge-Computing Subsidiary Shenzhen Onething
“Xunlei Limited has entered into definitive agreements to sell a 50% equity interest in its subsidiary Shenzhen Onething Technology for RMB125 million in cash, reducing its ownership from 70% to 20%. The transaction involves transfers to Wuhan Kingsoft Cloud Information Technology and a management-led holding vehicle, allowing Xunlei to unlock value from its distributed cloud … Read more