27 February 2020

BesTV in online TV partnership with Xunlei, paper says

BesTV New Media Co. Ltd. (600637.CN) announced Wednesday that it has reached an agreement with Shenzhen-based online gaming operator Xunlei for cooperation in online TV business, China Securities Journal reported Thursday. According to a regulatory filing, BesTV will be responsible for content management while Xunlei will focus on marketing and services, it said. BesTV, which formed a venture with Microsoft Corp. last year to sell the latter’s latest Xbox One game console in China, has become a leader in online TV and it may strike more deals with other firms, the report cited industry insiders as saying.

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