Who owns Huobi global?

Huobi Global today that its controlling shareholder has completed the transaction to sell its entire stake to About Capital, a Hong Kong-based fund management firm started by Ted Chen, who founded China’s hedge fund giant Greenwoods Asset Management.

What are Huobi global initiatives?

These initiatives are intended to help position Huobi Global to provide top-level trading and investment services to international investors. Huobi is one of the industry's leading crypto exchanges, ranking eighth by total volume according to analytics firm Messari, with nearly $140 million in spot volume over the past 24 hours.

What happens after Huobi global buyout?

Once the transaction is complete, About Capital's buyout vehicle will control the majority stake in Huobi Global, according to a statement released by Huobi. The transfer will only involve the change of controlling shareholder and will have no impact on Huobi’s core operation and business management teams.

What happened to Huobi?

The decision was announced on Saturday in a statement on Huobi’s website, which did not name the seller. Company founder Leon Li Lin confirmed on the same day in a personal WeChat post that he would hand over his ownership to About Capital Management.