Exclusive: Largest Chinese Crypto Exchange Huobi Finally Acquired by About Capital Management in Hong Kong
WuBlockchain learned exclusively that on October 8（UTC+8）, Huobi is acquired by About Capital Management's M&A Funds（百域资本）. About Capital Management became the largest shareholder and actual controller. Huobi was once the second largest global exchange after Binance and the largest Chinese exchange. About Capital Management's M&A Funds primarily bought the entire stake in Huobi founder Li Lin. Some minority shareholders did not opt out. At present, the specific amount and the investors of this M&A fund have not yet been confirmed. Huobi Hong Kong-listed company Huobi Technology has not been confirmed to whom it is sold. About Capital Management is a Hong Kong asset management company founded by Chen Yihua（TedChen）. The company is very secretive and low-key, with little outside information. Information shows that About Capital Management was founded by Chen Yihua in 2013. He is also a partner of Jinglin Assets, has an MBA degree from the Australian Graduate School ...