Chinese online video service and solution provider Xunlei Limited has resubmitted IPO prospectus to the US SEC, a little less than three years after the company’s first filing. (Update: The company will launch IPO on June 24 on the NASDAQ.)

Founded in 2003, Xunlei’s video download and streaming services have been of the most popular in China. And it built a business model based on the user base. The company now must be more willing to position itself as a Cloud-based speed acceleration service provider, with a significantly different revenue structure from that more than two years ago.

Xunlei claims it has a total of 300 million monthly active users in March 2014, citing research results by Chinese research company iResearch. Kankan.com, the online video streaming service ran by the company, claimed 136 million monthly unique visitors in March 2014. Xunlei makes revenues from video and download service consumers through paid subscriptions or views, gaming and advertising.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com