Google Confirms Xunlei Investment

Google Inc. has confirmed that the investment into Xunlei Network Technology Company which allows users to download videos and games is official.  The China Daily reported that Google would be joining Ceyuan Ventures to buy stake into Xunlei.  Xunlei has 54 million subscribers and is one of the largest video-downloading websites in China.

Another venture that Google had confirmed in China is that the company has teamed up with China Mobile, the largest mobile telecommunications carrier to power cellphone search.  According to iResearch Consulting, Google is the second largest Internet search company behind China-based Baidu.com.  About 63.7% of searches conducted online in China use Baidu and 19.2% use Google.

The New York Times confirmed that Google had invested $5 million into the company.  Xunlei previously had raised $20 million from Morningside Ventures and IDG VC Partners.

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