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Top 10 Largest Chinese Internet Company IPOs on NASDAQ

TheStreet 3:10 mins

China has grown to be the largest Internet market in the world with 618 million Internet users nationwide. Tom WU, CFO of Xunlei Limited, which started trading on NASDAQ June 24, explains that out of the top 10 Internet companies in China, Xunlei gets monthly uniques of 300 million visitors, or roughly half of the Internet market in china. Xunlei focuses on two core products. Wu explains that just like Netflix and its content deals with Comcast and Verizon, content is certainly key to Xunlei's business, as is mobile. Xunlei is increasingly expanding its services to "living room" based internet devices and mobile devices, a key to future growth.

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