Name

Xunlei

Legal name

深圳市迅雷网络技术有限公司

Website

https://xunlei.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Download Acceleration & Cloud Storage Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (5415)

SIC

Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Software-Defined Interconnect (SDI) / SD-WAN Cloud Gateways (HDABALAF)

akta.pro secondary industries

Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting) (FSAPALAC), Managed Application Platforms (App PaaS & Runtime Services) (HDABAAAD)

Keywords

• Download acceleration software
• Cloud storage services
• Peer-to-peer networking
• Edge computing platform
• Blockchain infrastructure

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Subscription/VIP Membership: Paid membership services including Super VIP, Platinum VIP, and Cloud Drive membership with tiered benefits. Q1 2026 subscription revenue grew 26.2% year-over-year.
2. Cloud Computing Services: Distributed cloud computing services including CDN and edge computing solutions for enterprise customers
3. Overseas Audio Live Streaming: Live streaming services targeting overseas markets, which grew 89.3% year-over-year in Q1 2026
4. Enterprise SDK/API Services: Download SDK and enterprise solutions provided to business partners for integration
5. Advertising: Advertising services integrated within applications, including programatic advertising based on user preferences

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Xunlei develops and operates a distributed internet platform built on proprietary P2SP download acceleration technology. Its core offerings include the Xunlei desktop and mobile download clients, the Xunlei Cloud Drive personal cloud storage service, digital entertainment products (Video Player, Browser, Game Accelerator), a tiered VIP membership subscription, and enterprise services including the Download SDK/JS-SDK, Account Open Platform, blockchain infrastructure (Xunlei Chain), and edge computing/CDN platforms (Wangxin Cloud, Starry Cloud).

Product overview

Xunlei is a diversified Chinese technology company providing distributed cloud services, digital entertainment, and blockchain solutions. Its core product portfolio centers on the Xunlei download client — a P2SP-based download acceleration tool with 460+ million registered users — complemented by the Xunlei Cloud Drive (personal cloud storage), Xunlei Video Player (universal media player), and Xunlei VIP Membership (subscription acceleration). The ecosystem extends to the Xunlei Game Accelerator for gaming network optimization, Xunlei Blockchain (迅雷链) for enterprise blockchain infrastructure, and Wangxin Cloud (网心云) for edge computing/CDN services. Xunlei also provides developer-facing products including the Xunlei Download SDK, Xunlei Download JS-SDK, and Xunlei Account Open Platform for third-party integrations. The company operates on a platform architecture with a core membership subscription model generating recurring revenue, layered with enterprise/cloud services and international expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Xunlei Client (Xunlei 12) Flagship desktop download manager for Windows and macOS built on 20+ years of P2SP acceleration technology, supporting high-speed downloading, cloud storage integration, and membership-based acceleration services. Used by individual consumers and professionals needing fast, reliable downloads.
• Xunlei Mobile Mobile download manager for Android and iOS providing fast download, high-definition playback, and multi-device synchronization across PC, phone, TV, and NAS platforms. Targets mobile consumers needing fast downloads and cross-device media access.
• Xunlei Cloud Drive Personal cloud storage service available across Windows, Android, iOS, web, WeChat mini-program, NAS, and TV. Provides large-capacity secure storage with VIP-tier high-speed traffic up to 12TB per month. Used by individual consumers for personal digital asset protection.
• Xunlei Video Player Universal video player supporting 100+ formats including 4K/HDR, with direct integration to Xunlei Cloud Drive, Baidu Cloud Disk, Alibaba Cloud Disk, WebDAV, and Samba. Features AI subtitle matching, smart poster wall generation, cross-device sync, and hardware acceleration.
• Xunlei Browser Minimalist web browser designed for entertainment consumption on PC and mobile, emphasizing speed and simplicity. Used by individual consumers as a lightweight alternative to mainstream browsers.
• Xunlei Game Accelerator Gaming network acceleration service providing low-latency stable connections for online games including international titles. Available in mobile-only and full-platform (PC + mobile) membership tiers. Targets individual gamers needing optimized network performance.
• Xunlei VIP Membership Subscription service providing download acceleration, high-speed cloud traffic, expanded cloud storage up to 12TB, priority download channels, and ad reduction. Includes tiered levels: Super VIP, Platinum VIP, and standard VIP1-VIP10.
• Xunlei Download SDK Enterprise-grade download SDK enabling third-party developers to integrate Xunlei's high-speed download capabilities and membership acceleration services into their applications. Sold to enterprise clients under licensing arrangements.
• Xunlei Download JS-SDK JavaScript SDK for browser-based batch download integration, enabling web developers to embed Xunlei's download technology directly into web applications. Targeted at web developers and partners.
• Xunlei Account Open Platform Identity and authentication platform providing Xunlei account login integration, one-click authentication, and membership acceleration services for third-party websites and applications, serving 350 million registered users as an authentication backbone.
• Xunlei Chain (迅雷链) Blockchain infrastructure platform offering an open development platform for blockchain applications, including enterprise NFT services, BaaS platform, and 16 blockchain product solutions. Includes the Thunder Chain File System (TCFS). Sold to enterprise developers and partners.
• FT Art (非同数艺) Xunlei's digital collectibles (NFT) platform enabling creation and trading of digital artworks on blockchain. Targets individual collectors and creators.
• Xunlei Speed Up (迅雷快鸟) Broadband speed enhancement service that works with internet service providers to increase user bandwidth up to 700Mbps. Targets individual broadband subscribers seeking faster internet speeds.
• Wangxin Cloud (网心云) Edge computing platform leveraging shared bandwidth and storage from individual users to create a distributed CDN and edge cloud service. One of the top three edge cloud providers in China. Sold to enterprise customers.
• Starry Cloud (星域云) Distributed CDN and cloud computing platform derived from Xunlei's P2P technology, serving enterprise clients including Xiaomi, iQIYI, Bilibili, Momo, and Panda TV. First company to receive an official CDN license from China's Ministry of Industry and Information Technology.
• Xunlei Download MCP (Model Context Protocol) Tool AI agent integration tool enabling large language models to execute download tasks via natural language commands using the MCP protocol. Targeted at AI developers and agent platforms needing programmatic download capabilities.
• Large Model Download Acceleration Service Specialized service for AI developers providing accelerated batch downloading of large AI model files, free of charge. Targets AI developers and research teams needing fast retrieval of large model files.

Quantifiable outcome

• Q1 2026 subscription revenue grew 26.2% year-over-year
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability10 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Shanghai Kuanghui Internet Technology Co., Ltd. (Hupu)coreStrategic or Co-development Partner · 27 January 2025Xunlei acquired Hupu operator Shanghai Kuanghui for RMB 500 million to create synergies with existing services and enhance content ecosystem and user engagement in China. Deal expected to complete in H1 2025.
• Major Mobile Phone ManufacturerscoreStrategic or Co-development Partner · 1 January 2025Xunlei partnered with multiple major mobile phone manufacturers to provide decentralized technology solutions and pre-install services.
• NAS Device Manufacturers (Synology, QNAP, TerraMaster, Huawei, Lenovo, Hisense)coreOEM/ Whitelabel/ Licensing PartnerXunlei pre-installs or integrates its download software with NAS devices from multiple manufacturers including Synology, QNAP, TerraMaster, Huawei, Lenovo, and others for home/private cloud storage solutions.
• Xiaomi, iQiyi (爱奇艺), Bilibili, Panda TV (熊猫直播), Momo (陌陌)coreTechnology or IntegrationStar Domain CDN (星域CDN) provides live streaming services to major Chinese internet companies including Xiaomi, iQiyi, Bilibili, Panda TV, and Momo.
• Tietie Zhilian (铁塔智联)minorStrategic or Co-development PartnerOnething Technology (网心科技) partnered with Tietie Zhilian to support 5G era informatization development.
• China Copyright Protection Center (中国版权保护中心)minorStrategic or Co-development PartnerXunlei Blockchain partnered with China Copyright Protection Center to launch China's first DCI standard alliance chain for digital copyright.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Qiniu Cloud (七牛云): Qiniu Cloud is a Chinese cloud storage and CDN provider with a developer-focused product portfolio comparable to Xunlei's SDK and cloud storage offerings. Both target Chinese developers and content platforms with object storage, CDN, and media processing services.
• Kingsoft Cloud (金山云): Kingsoft Cloud is a Chinese cloud and CDN provider with comparable scale and customer base to Xunlei's cloud/edge business. Both serve Chinese internet companies and content providers with similar CDN, edge, and storage products.
• Wangsu Science & Technology (网宿科技): Wangsu is China's largest pure-play CDN provider and a direct competitor to Xunlei's Star Cloud CDN. Both serve Chinese video platforms and internet companies with content delivery and edge services built on distributed infrastructure.
• UCloud: UCloud is a Chinese independent cloud provider competing in CDN, storage, and edge computing against Xunlei's enterprise offerings, with a comparable customer mix of Chinese internet and media companies.
• Baidu Netdisk (Baidu Wangpan): Baidu's consumer cloud storage product is the largest direct competitor to Xunlei Cloud Drive in China. Both target the same consumer cloud storage use case with overlapping feature sets and freemium models, and both also serve as hubs for file sharing and media playback.

Emerging players

• pCloud: pCloud is a consumer cloud storage service with international presence, comparable to Xunlei's TeraBox/PikPak overseas cloud storage products. Both target consumers with freemium subscription models for file storage and sharing across multiple devices.
• Backblaze: Backblaze is a US-based cloud storage and backup provider, comparable in business model to Xunlei's consumer-facing cloud storage products. Both serve consumers and small businesses with subscription-based storage, though Xunlei's product is broader (with download acceleration and media features).

Broad incumbents

• Alibaba Cloud (Aliyun): Alibaba Cloud is China's largest public cloud provider, offering CDN, edge computing, and storage services that directly compete with Xunlei's Star Cloud and Wangxin Cloud, plus Alibaba Cloud Disk competing with Xunlei Cloud Drive, but as part of a much broader cloud portfolio.
• Qihoo 360: Qihoo 360 is a large Chinese internet conglomerate with 360 Cloud Disk directly competing with Xunlei Cloud Drive, and a broader multi-line product strategy (security, browser, mobile tools) comparable to Xunlei's diversified consumer portfolio.
• Tencent Cloud: Tencent Cloud provides CDN, edge, and storage services competing with Xunlei's enterprise offerings. Tencent's Weiyun also competes with Xunlei Cloud Drive in the consumer cloud storage space, and Tencent's WeChat/QQ download infrastructure overlaps with Xunlei's acceleration capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/3822035

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xunlei