Add-on Acquisition • Digital Media

Xunlei Acquires Hupu

On January 27, 2025, Xunlei acquired digital media company Hupu for 500M CNY

Acquisition Context

This is Xunlei’s 1st transaction in the Digital Media sector.
This is Xunlei’s largest (disclosed) transaction.
This is Xunlei’s 1st transaction in China.

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M&A Deal Summary
Date	January 27, 2025
Target	Hupu
Sector	Digital Media
Buyer(s)	Xunlei
Deal Type	Add-on Acquisition
Deal Value	500M CNY

Target Company

Hupu

Beijing, China

Hupu is a sports media and data platform. Hupu is based in Beijing, China.

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Buyer Overview 1

Buyer

Xunlei

Shenzhen, China

Category	Company
Founded	2003
Sector	Internet Software and Services
Employees	1,216
Revenue	323M USD (2024)

DESCRIPTION

Xunlei operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. Xunlei was founded in 2003 and is based in Shenzhen, China.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Digital Media	1 of 1
Type: Add-on Acquisition	1 of 1
Country: China	1 of 1
Year: 2025	1 of 1
Size (of disclosed)	1 of 1

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