Traders News Source published a comprehensive report with no obligation on a leading cloud-based acceleration technology firm in China known as Xunlei Ltd (NASDAQ:XNET). It operates a robust internet platform in China dependent on cloud computing to offer users with easy and quick access to digital media content via its core services and products, Xunlei Accelerator, as well as the cloud acceleration subscription services.
Xunlei stock has witnessed significant appreciation and volatility in the recent past. More significantly, after the firm posted second-quarter numbers in August, shares have gained more than 25%. The company is increasingly moving into mobile devices, in part via potentially pre-installed acceleration offerings in mobile devices. Profiting from the large customer base accumulated by Xunlei Accelerator, the company has further developed numerous value-added services to fulfill a fuller spectrum of its customers’ digital media content access and consumption requirements.
Xunlei’s total revenue in its recent quarter showed an increase of 8.9%. Lei Chen, the CEO, expressed he was particularly delighted to deliver solid progress in the Q2, especially in mobile advertising and cloud computing business.
As per KPMG’s Q2 2017 Pulse of Fintech data, the total international fintech investments doubled QoQ to $8.4 billion compared to $3.6 billion in Q1 2017. Global M&A investment assisted lead the fintech market rebound with deal value of $5.9 billion for M&A for the reported quarter.
A key component of the fintech market presently is cryptocurrencies, particularly with bitcoin leading the course. The price of bitcoin made another new all-time high. As per data from CoinDesk, the cryptocurrency rate surged past $6,300 to hit a high of $6,306.58 on Sunday. However, it retreated on Monday to $6090.76.
The world’s leading digital currency has gained more than 500% this year and bringing its market capitalization above 100 billion. Joseph Lee, the Cryptocurrency derivatives exchange trader, told CoinDesk that they are witnessing confidence in bitcoin rising steadily, which is great for adoption.