SHENZHEN, China, June 29, 2017 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq:XNET), China's leading provider of acceleration products and services, today announced that its board of directors (the “Board”) has appointed Mr. Lei Chen as its Chief Executive Officer of the Company and Director of the Board, effectively starting from July 6, 2017. Mr. Sean Zou, founder of the Company, will resign as Chief Executive Officer and continue to serve as the Chairman of the Board, with specific focus on Xunlei's growth strategy and initiatives related to products and technological innovation in cloud computing including AI, as well as strategic investments.
Commenting on Mr. Lei Chen's promotion, Mr. Sean Zou stated, “On behalf of the Board, we congratulate Mr. Lei Chen on his appointment as Xunlei’s new Chief Executive Officer. Over the last two plus years, Lei has proved himself with excellent management skills and ability to build Xunlei’s crowd-sourcing cloud computing business from the ground up. I am confident that Lei has all the qualities to lead Xunlei through the next phase of growth, and look forward to continuing to work closely with Lei as Chairman of the Board.”
Mr. Lei Chen stated: “It’s a great honor to serve as Xunlei's CEO and I would like to thank Mr. Sean Zou and the Board for their confidence and trust in me. I am proud of what Xunlei has accomplished as one of China’s most popular Internet brands and determined to drive Xunlei to new heights on top of such a solid foundation."
Mr. Lei Chen has served as Co-Chief Executive Officer of the Company since November 2015. Mr. Chen joined Xunlei as Chief Technology Officer in November 2014.
Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.
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