Xunlei appoints new CFO

Xunlei Ltd., China's biggest cloud-based acceleration technology company, appointed Eric Zhou as the company’s chief financial officer.

Author: CapitalWatch Staff   

Xunlei Ltd. (Nasdaq:XNET), China's biggest cloud-based acceleration technology company, has said it appointed Eric Zhou as the company's chief financial officer effective Sept. 18.

Zhou comes from ChinaCache International Holdings Ltd., where he had been senior vice president from September 2015 to June 2016.

"We believe Eric's extensive expertise in finance and global capital markets will greatly contribute to Xunlei's development," said Chen Lei, Chief Executive Officer of Xunlei. Zhou replaces Tao Thomas Wu, who resigned as the CFO for personal reasons.

Zhou, who earned his Ph.D. in Interdisciplinary Energy and Mineral Resources from the University of Texas at Austin, has over two decades of experience covering corporate finance, financial planning and management in China and the U.S., the company said.

Xunlei provides cloud acceleration subscription services aimed at increasing the speed of internet services in China. Its stock price, which declined nearly 70 percent after its IPO, has rebounded in recent months, appreciating roughly 50 percent in the past several weeks.