Xunlei Co., Ltd. (NASDAQ: xnet) issued an internal letter saying,On April 2, 2020, Li Jinbo was elected as the new chairman of the board of directors of Xunlei group and will replace Chen Lei as the new CEO of Xunlei group and its subsidiaries, Xunlei, netheart and other related companies.It is understood that the reason for the transfer of senior executives is mainly based on the consideration of the company's future development.
According to the public information, Li Jinbo was a technology partner of Xunlei, the founder of Xunlei engineering technology system, and presided over the research and development of Xunlei 4 and Xunlei 5, the star products of Xunlei's early products, which deeply influenced a generation of Internet users.
"We believe that with the support, cooperation and efforts of all students, the company will rapidly stabilize its business under the leadership of the new CEO, Mr. Li Jinbo," the internal letter said.Overcome many difficulties and challenges, grasp the opportunities offered by the times, and lead Xunlei, the Internet leader with a brilliant history, to a bright future that should belong to him again."
Q4 2019 and full-year results were released on march 12, with revenues of $181 million (1.264 billion yuan). Q4's total revenue was $48.3 million (about 337 million yuan), up 10.2% from a month earlier.
As of December 31, 2019, the number of members of Xunlei is 4 million. Based on the revenue of 81.5 million US dollars (569 million yuan) in 2019, the average annual consumption of each member is 142.25 yuan.