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Organization and nature of operations (Tables)
12 Months Ended
Dec. 31, 2020
Organization and nature of operations  
Accompanying Consolidated Financial Statements Include Financial Statements of Company, Subsidiaries, Variable Interest Entity ("VIE") and VIE's Subsidiaries

These consolidated financial statements include the financial statements of the Company, its subsidiaries, its variable interest entity (“VIE”) and the VIE’s subsidiaries (collectively referred to as the “Group”). As of December 31, 2020, the Company’s major subsidiaries, VIE and VIE’s subsidiaries are as follows:

    

    

    

    

% of direct

    

or indirect

Place of

Period of

economic

Name of entities

incorporation

incorporation

Relationship

ownership

Principal activities

Shenzhen Xunlei Networking Technologies Co., Ltd. (“Shenzhen Xunlei”)

 

People’s Republic of China (“PRC”)

 

January 2003

 

VIE

 

100

%  

Development of software, provision of online and related advertising, membership subscription and online game services, as well as sales of software licenses

 

  

 

  

 

  

 

 

  

Giganology (Shenzhen) Co., Ltd. (“Giganology Shenzhen”)

 

PRC

 

June 2005

 

Subsidiary

 

100

%  

Development of computer software and provision of information technology services to related companies

 

  

 

  

 

  

 

  

 

  

Shenzhen Xunlei Wangwenhua Co., Ltd. (formerly known as “Shenzhen Fengdong Networking Technologies Co., Ltd.”) (“Wangwenhua”)

 

PRC

 

December 2005

 

VIE’s subsidiary

 

100

%  

Development of software for related companies and provision of advertising services

 

  

 

  

 

  

 

 

  

Shenzhen Zhuolian Software Co., Ltd. (formerly known as “Xunlei Software (Shenzhen) Co., Ltd.”)

 

PRC

 

January 2010

 

VIE’s subsidiary

 

100

%  

Provision of software technology development for related companies

 

  

 

  

 

  

 

 

  

Xunlei Games Development (Shenzhen) Co., Ltd. (“Xunlei Games”)

 

PRC

 

February 2010

 

VIE’s subsidiary

 

70
(note 21)

%  

Development of online game and computer software for related companies and provision of advertising services

Xunlei Network Technologies Limited (“Xunlei BVI”)

 

British Virgin Islands

 

February 2011

 

Subsidiary

 

100

%  

Holding company

 

  

 

  

 

  

 

  

 

  

Xunlei Network Technologies Limited (“Xunlei HK”)

 

Hong Kong

 

March 2011

 

Subsidiary

 

100

%  

Holding company and development of computer software

 

  

 

  

 

  

 

  

 

  

Xunlei Computer (Shenzhen) Co., Ltd. (“Xunlei Computer”)

 

PRC

 

November 2011

 

Subsidiary

 

100

%  

Development of computer software and provision of information technology services

 

  

 

  

 

  

 

  

 

  

Shenzhen Onething Technologies Co., Ltd. (“Onething”)

 

PRC

 

September 2013

 

VIE’s subsidiary

 

100

%  

Development of computer software, sale of hardware, and provision of information technology services

 

  

 

  

 

  

 

  

 

  

Beijing Xunjing Technologies Co., Ltd. (formerly known as “Wangxin Century Technologies (Beijing) Co., Ltd.”) (“Beijing Xunjing”)

 

PRC

 

October 2015

 

VIE’s subsidiary

 

100

%  

Development of computer software and provision of information technology services

1.            Organization and nature of operations (Continued)

    

    

    

    

% of direct

    

or indirect

Place of

Period of

economic

Name of entities

incorporation

incorporation

Relationship

ownership

Principal activities

Shenzhen Crystal Interactive Technologies Co., Ltd. (“Crystal Interactive”)

 

PRC

 

May 2016

 

VIE’s subsidiary

 

100

%  

Development of computer software and provision of information technology services

 

  

 

  

 

  

 

  

 

  

Beijing Onething Technologies Co., Ltd.

 

PRC

 

January 2017

 

VIE’s subsidiary

 

100

%  

Provision of technology services and development of computer software

HK Onething Technologies Ltd. (“HK Onething”)

 

Hong Kong

 

December 2017

 

Subsidiary

 

100

%  

 Development of cloud computing technology and provision of related services

 

  

 

  

 

  

 

  

 

  

Hainan Onething E-Sports Co., Ltd.

 

PRC

 

May 2018

 

Subsidiary

 

100

%  

Development of computer software and E-sports related services

 

  

 

  

 

  

 

 

  

Henan Tourism Information Co., Ltd. (“Henan Tourism”)

 

PRC

 

June 2018

 

VIE’s Subsidiary

 

80
(note 21)

%  

Software development, tourism consulting and other related services

 

  

 

  

 

  

 

 

  

Onething Co., Ltd. (Thailand) (“Thailand Onething”)

 

Thailand

 

July 2018

 

Subsidiary

 

49
(note 21)

%  

 Development of cloud computing technology and provision of related services

 

  

 

  

 

  

 

 

  

Hainan Xunlei Blockchain Technology Co., Ltd.

 

PRC

 

August 2018

 

VIE’s subsidiary

 

100

%  

Development of computer software and provision of information technology services

Shenzhen Yunwang Wulian Technology Co., Ltd. (formerly known as “Shenzhen Qianhai Shanxian Daojia Technology Co., Ltd.”, “Shanxian Daojia”)

PRC

September 2020

Subsidiary

100

%

Development of computer software and provision of information technology services

Jiangxi Node Technology Service Co., Ltd.

PRC

July 2020

Subsidiary

100

%

Development of computer software and provision of information technology services

Note a :   The English names of the PRC companies represent management’s translation of the Chinese names of these companies as they have not adopted formal English names.