Xunlei Shares Rise After Deal to Buy Hupu Sports Platform

Dow Jones

02-27

By Chris Wack

Xunlei shares were 55% higher, at $4.50, after the company said it is buying Shanghai Kuanghui Internet Technology, which operates Hupu, for a total cash consideration of CNY500 million ($68.7 million).

Hupu is a Chinese sports media and data platform.

The closing of the transaction is currently expected to occur in the first half of 2025.

Xunlei is a technology company providing distributed cloud services in China.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 27, 2025 09:38 ET (14:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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