Xunlei Announces Investee Company Completes IPO on Shanghai Stock Exchange STAR Market

Core Viewpoint - Xunlei Limited announced that its investee company, Arashi Vision Inc. (Insta360), has successfully completed its initial public offering on the Shanghai Stock Exchange STAR Market, with Xunlei holding approximately 7.8% equity interest in Arashi Vision as of the announcement date [1]. Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China that provides distributed cloud services, including cloud acceleration, shared cloud computing, and digital entertainment, aimed at delivering an efficient, smart, and safe internet experience [2].