Glancy Prongay & Murray LLP announces an investigation on behalf investors of Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET). Xunlei investors are encouraged to contact Glancy Prongay & Murray LLP to discuss the alleged wrongdoing, and steps investors can take to recover any losses caused by the Company’s alleged fraud.

Xunlei operates an internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services. One of the company’s premier products was Xunlei Kankan, a video-on-demand service permitting users to view content on a variety of devices. On June 24, 2014, Xunlei completed its IPO of 7,315,000 American depositary shares (“ADS”), at a price of $12.00 per ADS, indicating to investors strong potential growth in the areas of content distribution, especially the growth of its Kankan video-on-demand service.

Then, on May 21, 2015, the Company issued a press release announcing the unaudited financial results for the first quarter ended March 31, 2015. Therein, the Company stated in relevant part that revenues had decreased 8.4% from the corresponding period of last year, and a 14.9% decrease from the previous quarter. The Company also reported an operating loss of $1.4 million, and attributed the poor financial results to, “transition to mobile internet,” and the divestiture of Xunlei’s Kankan service. On this news, ADSs of Xunlei declined $1.69 per share, or nearly 15%, to close on May 21, 2015 at $9.71 per share, on unusually heavy volume.

If you purchased Xunlei shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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