Xunlei's team-up with Xiaomi a shrewd strategy

Xunlei, China's 12th-largest Internet company, offering digital content acceleration and online video services in China, recently filed with the US Securities and Exchange Commission to raise up to $100 million in an initial public offering.

The company originally set terms to raise $114 million on the Nasdaq in July 2011 with a $1 billion market cap but postponed and eventually withdrew its IPO that October.

Xunlei's announcement comes on the heels of the successful trading debut of online retailer JD.com and the highly anticipated listing of e-commerce company Alibaba.