Thunder completes the acquisition of Hupu

Recently, Thunder announced that it has completed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd., the operator of Hupu. According to the terms of the final agreement between the two parties, Thunder has paid a cash consideration of 400 million RMB before the completion of the transaction. Thunder will pay the remaining 100 million RMB in cash in two equal installments 12 months and 24 months after the completion of the transaction.