Tuesday, 18 October 2011

Google backed file sharing empire cancels nasdaq ipo

With more than 2 billion page views a month and nearly 300 million active users of its BitTorrent-powered download client, Xunlei is without doubt the largest player in the file-sharing space.

In an attempt to capitalize on this position the Chinese company, which is partly owned by Google, set its sights on a NASDAQ listing. However, due to copyright concerns and economic headwinds, this plan has now been canceled.


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