Xunlei Announces US$20 Million Share Repurchase Program
Summary
Xunlei approved a new US$20 million share repurchase program that will run for 12 months starting July 1, 2026. The company plans to fund the buybacks from its cash balance and may use open market purchases, algorithmic trading, privately negotiated transactions, or block trades. Management framed the program as a sign of confidence in operating performance and long-term development. The announcement also reiterates Xunlei’s position as a distributed cloud services provider in China.
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industries
Entertainment
applications
Procurement & Purchasing
AskAI Classifications
Labels
SaaS
Developer Tools
Cloud Storage Software
Linked Companies
Xunlei
$250M to $500M