Google-Backed File-Sharing Empire Cancels NASDAQ IPO

TorrentFreak: With more than 2 billion page views a month and nearly 300 million active users of its BitTorrent-powered download client, Xunlei is without doubt the largest player in the file-sharing space. In an attempt to capitalize on this position the Chinese company, which is partly owned by Google, set its sights on a NASDAQ listing. However, due to copyright concerns and economic headwinds, this plan has now been canceled.

Read Full Story >>
The story is too old to be commented.