Chinese video streaming site and media portal Xunlei has raised $310 million

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Chinese video streaming site and media portal Xunlei has raised $310 million in funding from Xiaomi with participation from Kingsoft, Morningside Ventures and IDG.

Xunlei is known for its P2P bittorrenting software but also runs a video-streaming site called Kankan that features mostly licensed TV shows and movies.

Founded in 2003, Xunlei claims over 230 million monthly active users and 4 million paying subscribers.

By Jarrett Neil Ridlinghafer 
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