Huobi founder Li Lin was too homesick. He never cared to leave China when crypto was banned there. This resulted in jeopardising the exchange business. Huobi Global was doing online business with other countries but was not serving Chinese people.
To cover the bear losses, Li Lin was ready to sell more than 50% of his shares, but no one from China cared to buy, so a deal was made with Hong Kong-based investment company About Capital.
What do you think the future of Huobi Global is?
To cover the bear losses, Li Lin was ready to sell more than 50% of his shares, but no one from China cared to buy, so a deal was made with Hong Kong-based investment company About Capital.
What do you think the future of Huobi Global is?
