Cloud / Blockchain Stock News: Xunlei (Nasdaq: $XNET) Collaborates with China Tower Corporation on Edge Computing Project
SHENZHEN, China - November 18, 2019 (Investorideas.com Newswire) Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced that the Company and the Shaanxi subsidiary company of China Tower Corporation Limited ("China Tower Shaanxi subsidiary") have entered into an agreement to jointly develop an edge computing project.
Under the agreement, Xunlei and China Tower Shaanxi subsidiary will start an edge computing project in Shaanxi province to deploy the initial computing nodes at 10,000 cellular tower stations. Taking advantage of each other's strengths, the parties intend to cooperate in areas including edge computing, IoT and blockchain, and jointly build an edge computing and IoT ecosystem to facilitate the development of information system for other industries in the era of 5G technology.
A signing ceremony was held in Shenzhen today to officially launch the joint project. Mr. Tao Xiang, the General Manager of China Tower Shaanxi subsidiary, Mr. Lei Chen, the Chief Executive Officer of Xunlei and Shenzhen Onething Technologies Co., Ltd., a wholly-owned operating entity of Xunlei, and Mr. Shiming Liu, the President of Shenzhen Nanshan District Science & Technology Innovation Bureau, attended the ceremony.
Founded in 2014, China Tower Shaanxi subsidiary operates approximately 70,000 cellular transmission stations and with total assets of approximately RMB10 billion. With widely distributed cellular transmission tower resources, China Tower Shaanxi subsidiary recently accelerated its business development by actively seeking business opportunities in IoT, big data, edge computing, artificial intelligence, and other information and communications service industries.
Mr. Lei Chen commented, "Combining the extensive operating experience, vast resources, and outstanding service ability of China Tower and the advanced technology, products, and ecosystems of Xunlei, I believe our strategic cooperation will help create a large, efficient and reliable innovative edge computing network to accelerate the development of the Chinese IoT industry in the era of 5G technology."
Founded in 2003, Xunlei Limited (NASDAQ:XNET) is a leading innovator in shared cloud computing and blockchain technology in China. Xunlei provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.
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