Xunlei, a downloading specialist that has moved into video streaming that is backed by Google among others, has raised $310m in a round that saw Xiaomi joined by IDG and Kingsoft.
Xunlei, a China-based developer of downloading software, has secured $310m in an equity round that included a $200m investment by mobile internet company Xiaomi, Tech In Asia has reported.
China-based software producer Kingsoft provided an additional $90m, while the remaining $20m was supplied by IDG Capital Partners, the China-based corporate venturing subsidiary of media company IDG, and venture capital firm Morningside Ventures.
IDG funded Xunlei’s $1m series A round in 2004, and Google invested $5m in a $20m round in…