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Organization and nature of operations (Tables)
12 Months Ended
Dec. 31, 2021
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 VIE’s subsidiaries (collectively referred to as the “Group”). As of December 31, 2021, 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 advertising and membership subscription

 

  

 

  

 

  

 

 

  

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 computer software, provision of advertising services and operation of live steaming platforms

 

  

 

  

 

  

 

 

  

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

 

PRC

 

February 2010

 

VIE’s subsidiary

 

70
(note 20)

%  

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

Xunlei Network Technologies Limited (“Xunlei BVI”)

 

British Virgin Islands

 

February 2011

 

Subsidiary

 

100

%  

Investment holding company

 

  

 

  

 

  

 

  

 

  

Xunlei Network Technologies Limited (“Xunlei HK”)

 

Hong Kong

 

March 2011

 

Subsidiary

 

100

%  

Investment 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 cloud computing technology and provision of related 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

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

 

PRC

 

June 2018

 

VIE’s Subsidiary

 

80
(note 20)

%  

Software development, tourism consulting, ticket agent and other related services

 

  

 

  

 

  

 

 

  

Jiangxi Node Technology Service Co., Ltd. (“Jiangxi Node”)

 

PRC

 

July 2020

 

VIE’s subsidiary

 

100

%  

 Development of cloud computing technology and provision of related services

FUNI. PTE. LTD. (“FUNI”)

Singapore

April 2021

Subsidiary

100

%

Operation of live streaming platform

Note: 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.