LONDON, October 7, 2022 /PRNewswire/ — Huobi Global announced today that the majority shareholder has completed the transaction to sell its entire stake in Huobi Global to the buyout vehicle managed by About Capital Management (HK) Co., Limited (” AboutCapital”). Upon completion of the transaction, About Capital’s buyout vehicle will control the majority stake in Huobi Global. The transaction only involves the change of majority shareholder and has no impact on Huobi’s operational and business management teams. According to About Capital, after the transaction, Huobi Global will adopt a series of new international brand promotion and business expansion initiatives, including a global strategic advisory board led by leading industry figures, injection sufficient capital in the margin fund and provision for risks, as well as measures to further strengthen competitiveness. Once the initiatives are successfully implemented, Huobi Global will be well positioned to provide top-notch trading and investment services to international investors.

Based at hong kong, About Capital is a fund management company founded in 2008. About Capital specializes in particular situation strategy to identify long-term investment opportunities. Sincand his its creation, it won a series of prestigious industry awards among the best performing funds in Asia.

Commenting on the acquisition of Huobi Global, Ted ChenCEO of About Capital, said, “We are very pleased to have completed the transaction. Huobi Global offers the best virtual asset investment services to millions of international users. We believe that the virtual asset industry is still in its infancy and there is a huge We believe that the holistic approach to rebuilding Huobi Global as the premier international virtual asset exchange would enhance both recognition and trusted by international Huobi users.

Leon Li, the foundationr of Huobi, said, “This transaction marks a new chapter for Huobi Global. Over the past nine years, we have witnessed the rise of Huobi into one of the largest virtual asset exchanges in the world. After Huobi’s release from the Chinese mainland market in 2021, we have accelerated our push for globalization in a challenging market environment, which reinforces the impetus for Huobi to seek a new shareholding structure with global vision and international resources. We believe that the successful acquisition by the About Capital vehicle will contribute to Huobi’s global expansion in both aspects. »

It is understood that the transaction also includes a series of important measures to ensure the smooth transition of daily activities operationsimproved venture capital provision and stability of the senior management team.

Huobi Global Introduction

Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users in international markets. Since its inception, Huobi Global has been committed to providing first-class virtual asset investment services. Huobi Global’s robust infrastructure, product innovation and capital strength to bring a truly client-centric and secure trading environment to help our international users achieve their investment goals. Please refer to Huobi official website for more information: www.huobi.com

About Capital Introduction

About Capital Management (HK) Co., Limited is a fund management company based in hong kong. It was founded by Mr. Ted Chen in 2008. Previously, Mr. Chen was a founding partner of China leading investment manager Greenwoods Asset Management. He has over 30 years of successful experience in the capital market and investment management industry. About Capital focuses on exploring long-term investment opportunities. Please refer to the official website www.aboutcap.com

SOURCE Huobi Global