Up on partnership with Newland
17/09/2018 13:12
** U.S.-listed Chinese internet company's shares XNET.O up
3 pct at $9.47 premarket
** Co enters into partnership with electronic payment
service provider, Newland Hi-Tech Group Co Ltd urn:newsml:reuters.com:*:nGNX2D7BM8
** Xunlei also enters into series of deals to transfer
rights to operate LinkToken program within mainland China to
Beijing LinkChain Co Ltd, an associate of Newland
** Xunlei to focus on development of blockchain technology
and infrastructure, such as ThunderChain and ThunderChain File
System
** Stock rose 12 pct, after co launched blockchain platform
ThunderChain on April 20
** Up to Friday's close, stock down 40.5 pct this year,
after surging fourfold in 2017, benefitting from a boom in
cryptocurrency stocks
(Reporting by Saumya Sibi Joseph in Bengaluru)
((saumya.joseph@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 9379; Reuters Messaging:
saumya.joseph.thomsonreuters.com@reuters.net))