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sorkin

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sorkin

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Saturday, 01/13/2018 12:36:54 PM

Saturday, January 13, 2018 12:36:54 PM

Post# of 147
SA article on $XNET:

Xunlei plunges as Chinese industry group warns on crypto trading
Jan 12, 2018 • Jason Aycock
Xunlei Limited (NASDAQ:XNET) -- a video/advertising firm before its "Wanke coin mining" project put it into the blockchain/crypto space -- is off 27% following a Chinese industry group warning over the burgeoning area.
On WeChat, China's National Internet Finance Association posted a statement syaing its members shouldn't be conducting illegal activities and shouldn't engage in any ICO-related or cryptocurrency trading.
The group thinks Xunlei's LinkToken, made for financing by nature, is an example of an ICO in "disguise." (h/t Bloomberg)
Still, at $16.73 currently, the stock is nearly quadruple its October price pre-pivot.
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