10:19 AM EDT, 03/16/2026 (MT Newswires) -- Xunlei ( XNET ) said Monday that its China-based variable interest entity, Shenzhen Xunlei Networking Technologies, has closed the sale of 50% equity interest in Shenzhen Onething Technology for 125 million Chinese renminbi ($18.1 million) in cash.

Shenzhen Xunlei transferred 20% of equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology for 50 million renminbi and 30% to Shenzhen Xinghan Zhilian Technology for 75 million renminbi, Xunlei ( XNET ) said.

Shenzhen Xunlei retains a 20% equity interest in Shenzhen Onething, the company said.

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