Group 1 - Xunlei has completed the acquisition of Shanghai Kuanghui Network Technology Co., which operates the sports media and data platform Hupu, for a total cash consideration of 500 million RMB [2] - Xunlei paid 400 million RMB in cash prior to the closing of the transaction and will pay the remaining 100 million RMB in two equal installments after 12 and 24 months [2] - Hupu is a well-known sports media and data platform in China, focusing on sports events and daily life, with a primary audience of male users [5] Group 2 - Xunlei, founded in 2003 and listed on NASDAQ in 2014, reported total revenue of 88.8 million USD for the first quarter ending March 31, 2025, representing a year-on-year growth of 10.5% [4] - Hupu has faced challenges with a narrow content focus and a single revenue structure primarily based on advertising, which has affected its risk resilience [7] - Hupu has attempted to go public twice in the past decade but has failed, with its highest valuation reaching 7.722 billion RMB [7]