Xunlei, a Chinese Blockchain services company, reported revenue of $45.3 million in Q3 2018, which demonstrates an increase of 1.1% year-over-year.

The firm has claimed $19.8 million of the revenue to its previously owned cloud and Internet value-added services, which is an increase of 8.3% over the same span last year. Xunlei witnessed this remarkable rise in its revenue after introducing Blockchain services in October 2017.



Lei Chen, CEO of Xunlei group, has stated that blockchain has the potential to change lives. And, the company will continue to invest in the technology to broaden its application in different areas.

The company has also partnered with People’s Daily, the largest media group in China, to build a laboratory for innovate technologies. In addition, the partners will develop a blockchain-driven platform to facilitate conduction of seminars, workshops; and promote startups.