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Chinese cloud service provider Xunlei has completed its acquisition of Hupu, one of China’s most prominent male-oriented online communities, for RMB 500 million ($69 million). The deal was finalized through the purchase of Shanghai Kuanghui Network Technology, the operator of Hupu. According to the agreement, Xunlei paid RMB 400 million ($55.7 million) in cash before [……
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Xunlei acquires male-focused sports community Hupu for RMB 500 million
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Chinese cloud service provider Xunlei has completed its acquisition of Hupu, one of China’s most prominent male-oriented online communities, for RMB 500 million ($69 million). The deal was finalized through the purchase of Shanghai Kuanghui Network Technology, the operator of Hupu. According to the agreement, Xunlei paid RMB 400 million ($55.7 million) in cash before
