Xunlei Announces $20 million Share Buyback Program

SHENZHEN, China, June 29, 2020 (GLOBE NEWSWIRE) -- Xunlei Limited (Xunlei or the Company) (Nasdaq: XNET), a leading innovator of shared cloud computing and blockchain technology in China, today announced that the board of directors of the Company has approved a plan under which the Company may repurchase up to $20 million of its shares over the next 12 months (the Share Buyback Program).