Xunlei operates a distributed cloud services platform in China that enables users to access, store, and consume digital media content through proprietary acceleration technology and resource discovery networks. The company generates revenue through multiple streams: subscription and direct payments for multimedia acceleration services, revenue sharing from online advertising, virtual item sales and user spending on live-streaming platforms, and cooperation-based revenue from web game operations. Xunlei serves individual subscribers, advertisers, game developers, and content creators across China and international markets including the Middle East, Southeast Asia, and North Africa, with operations structured through contractual arrangements with Variable Interest Entities due to restrictions on foreign ownership of internet-related businesses in China.