Earnings outlook: Blockchain continues to develop, Thunder Q4 loses or slows

Xunlei (XNET.US) will release its financial results for the fourth quarter and full year of 2019 in the near future. The blockchain continues to exert its strength, and Thunder Q4 is losing money or slowing down. Last quarter, Thunder's revenue was US $ 43.8 million, a decline of 8.3% month-on-month and a net loss of US $ 24.6 million. Thunder Group CEO Chen Lei said in the last quarter results announcement that despite the decline in total revenue, the revenue of the cloud computing business continued to grow, and the cloud computing business has become the company's main driver of revenue growth. It is reported that as of September last year, Xunlei has applied for 115 patents in the field of blockchain. The patents rank among the top ten in the world, and most of them are concentrated in the core underlying technology of the blockchain. On November 15, last year, the Guangzhou Municipal Financial Blockchain Credit Sharing Platform, which was provided with technical support by Thunder Chain, officially launched. At present, there are more than 100 enterprises and institutions that cooperate with Thunderchain and have completed more than 50 blockchain application projects.