Wang is a co-founder of Xiaomi Inc., where he has served as its vice president since 2012. Wang has been a director of Xunlei since March 2014. Chuan Wang as the Chairman of Board of Directors of the Company. On December 12, 2017, Xunlei announced that the board of directors of the Company has elected Mr. announced that its board of directors has appointed Lei Chen, who is a former Tencent cloud computing unit leader, as its Chief Executive Officer of the Company and Director of the Board on June 29, 2017. OneThing Cloud users get LinkToken (a type of virtual token) for contributing their bandwidth to the Xunlei's content delivery network. In October 2017, the company announced that it will transform itself into a blockchain company, and release a blockchain-based product named OneThing Cloud. As of 2010, it was the most commonly used BitTorrent client in the world. The main products developed by Xunlei Limited is the Xunlei download manager and Peer-to-peer software, supporting HTTP, FTP, eDonkey, and BitTorrent protocols. According to the annual ranking of China's top 100 internet companies released by Ministry of Industry and Information Technology of the Chinese government, Xunlei occupied 42nd place in 2017's ranking. On 24 June 2014, it went public on the Nasdaq Stock Exchange, selling 7.315 million American depositary shares (ADS) at $12 and raising just shy of $88 million.

In April 2014, Xunlei received an investment from a Chinese electronics company Xiaomi of $200 million. Its headquarters are in Nanshan District, Shenzhen. and changed its name to Shenzhen Xunlei Networking Technologies, Co., Ltd. ( Chinese: 迅雷网络技术有限公司) was formerly known as Sandai Technologies (Shenzhen) Inc. The subsidiary of Xunlei Limited, Shenzhen Xunlei Networking Technologies, Co., Ltd. 'thunderbolt') is a Chinese multinational technology company and an online service provider founded in 2003. Xunlei Limited ( Chinese: 迅雷 pinyin: Xùnléi Jyutping: seon3 leoi4 lit. Sam1 zan3 si5 seon3 leoi4 mong5 lok3 gei6 seot6 jau5 haan6 gung1 si1 Shēnzhènshì Xùnléi Wǎngluòjìshù Yǒuxiàngōngsī Shenzhen Xunlei Networking Technologies, Co., Ltd.

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