Google Confirms Stake in Xunlei

Google confirmed its investment in Chinese P2P startup Xunlei according to various reports. We wrote about the investment in early December. The New York Times reports that Google invested $5 million for a 4% stake, which means Xunlei is valued at $125 million — we were pretty close when we put the pre-money valuation at $100 million. The NYT also says that will use Google’s search capabilities.

China-based analysts at Pacific Epoch know more and say:

According to an unnamed insider, Xunlei recently received US$20 million in investment, in which Google invested US$5 million. Ceyuan Ventures, Morningside Ventures, IDGVC and Fidelity Asia Ventures invested the remaining US$15 million.