Xunlei, as a shining star of China’s Internet, has always attracted much attention. However, as time has passed, the former glory has faded, and the market structure has undergone earth-shaking changes. Now, Xunlei is pinning its hopes on the emerging technology of blockchain, trying to achieve its own rise again. In this process, can Xunlei successfully raise US$100 million and become the new hope of the industry? Let's take a look together.

First, let’s review the ups and downs of Qvod and Baofeng. Kuaibo was once one of the largest video sharing websites in China and was very popular. However, it was shut down due to alleged infringement and piracy, and it completely became a thing of the past. Baofeng Group is a leading company in China's digital entertainment industry. The former "King of Hardware" has now declined. These stories all remind Xunlei that competition in the industry is fierce, and if you are not careful, you may lose everything.

Xunlei chose to bet on blockchain technology, which is undoubtedly a bold move. As a decentralized, safe and trustworthy technology, blockchain is gradually penetrating into various industries, providing enterprises with new development opportunities. Xunlei hopes to use blockchain technology to reshape its business model, improve user experience, and achieve sustainable business development. However, achieving this goal is not easy.

Xunlei needs to raise US$100 million, which is a huge number and a difficult task. Fund raising needs to test Xunlei's strength and appeal, and it needs to attract the attention of investors and make them believe in Xunlei's potential and future. How to achieve profitability through blockchain technology, how to create competitive products and services, and how to improve user stickiness and loyalty are all issues that Xunlei needs to seriously think about and work hard to solve.

However, it is worth noting that Xunlei is not without its advantages and opportunities. As a company with a huge user base and rich resources, Xunlei has unique advantages. By giving full play to its technical strength and industry experience, Xunlei is expected to find a place in the blockchain field. At the same time, Xunlei can also leverage the power of its partners to jointly promote the development of blockchain technology and achieve a win-win situation for all parties. In this process, Xunlei needs to remain humble, cautious, and continue to learn and improve in order to win market recognition and support.

In general, Xunlei’s road to transformation through blockchain technology is full of challenges and opportunities. In the face of fierce market competition and risks, Xunlei needs to strengthen its confidence, be brave in innovation, and keep moving forward. Only by continuously improving our own strength and competitiveness can we remain invincible in the industry. Thunder, come on! Meet the challenge and create the future!

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