Chinese cloud provider Xunlei to set up $100m blockchain fund

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Yesterday, China-based cloud hosting firm Xunlei announced that it will establish a private equity fund for blockchain technology investments. The fund will be worth up to $100 million and operate independently from Xunlei’s Chinese entities.
Founded in 2003, the company provides cloud computing services such as its download manager, the most popular in China, and peer to peer software. The firm boasts former directors of Tencent and…

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