Xunlei is a download manager that supports HTTP, FTP, eDonkey, and BitTorrent protocols. It enables users to access a large portion of the files available on the Internet. Xunlei’s features include a built-in browser, changeable skins, cloud storage, offline downloading, hi-speed downloading, email services, and more. Developed by Thunder Networking Technologies, it was the most commonly used BitTorrent client in the world in 2010.
Xunlei’s product lineup includes Xunlei 5, Mac Xunlei, Xunlei Mini, and Web Xunlei. As adware, Xunlei products feature banner advertisements, which can be disabled if logged in as a user (in the latest version).
Founded in January 2003, Xunlei is backed by venture firms like Morningside, IDG, and Ceyuan Funds. It introduced its subscription model in 2009. As of today, it has four million subscribers and expects to have 10 million subscribers in two to three years. The revenue generated by subscriptions as a percentage increased from 2.4% in 2009 to 16.9% in 2010 and to 26.4% in the three months that ended on March 31, 2011, according to its F-1 filing with SEC in July 2011.
Funding Rounds (5) - $310MUpdate
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