HuobiGlobal, the world’s top crypto asset exchange, announced that HuobiGlobal’s controlling shareholder company has transferred all its shares of HuobiGlobal to the fund of About Capital Management, and the buyout fund of About Capital Management has become the largest shareholder and actual controller of HuobiGlobal. This transaction only involves changes in controlling shareholders and will not affect the existing core management and operation teams.
About Capital Management M&A Fund will integrate relevant industry resources and comprehensively upgrade HuobiGlobal’s international brand, including formulating a new global brand plan, establishing a global strategic advisory committee led by industry leaders, injecting sufficient risk reserves, vigorously promoting Competitiveness, etc., lead HuobiGlobal to continue to provide first-class trading and investment services for international investors.
Headquartered in Hong Kong, About Capital Management was founded in 2008. It is a licensed fund management company in Hong Kong. The CEO Mr. Ted Chen was previously the founding partner of China’s leading private equity fund Jinglin Assets. He has more than 30 years of successful investment management experience. He has made outstanding achievements in long-term equity investment, and his funds have won many awards for the best investment fund in Asia.
About Capital Management plans to incorporate HuobiGlobal into its existing emerging industry portfolio, realize synergy between capital markets and virtual asset businesses, and further accelerate HuobiGlobal’s globalization pace. The transaction has been approved by the board of directors of Huobi and officially reached, and the formal delivery of the equity and business has been completed.
Talking about the main considerations for investing in HuobiGlobal, Ted Chen, founding partner of About Capital Management, said: “We are very pleased to complete the successful acquisition of HuobiGlobal. HuobiGlobal provides tens of millions of users around the world with safe and reliable virtual asset trading services and enjoys a high reputation in the industry. At the same time, the development of global virtual assets is still at an early stage, and institutional investment has yet to enter the market on a large scale. We believe that the global virtual asset industry contains huge room for growth and opportunities. We will integrate relevant industry resources and invest in HuobiGlobal’s core business. Increase resource investment, strengthen institutional cooperation space and enhance competitiveness, and formulate a new plan to comprehensively enhance HuobiGlobal’s global brand strategy. Broaden the international development path for HuobiGlobal, rebuild the world’s top exchanges, and make the new HuobiGlobal more successful Recognized by many international users.”
Li Lin, founder of Huobi, said: “This transaction represents a new chapter for HuobiGlobal to enter. Over the past nine years, we have witnessed HuobiGlobal gradually grow into one of the world’s largest virtual asset exchanges. In 2021 After withdrawing from the Chinese mainland market at the end of the year, our globalization development path is full of challenges. HuobiGlobal urgently needs shareholders with more international resources and a global vision to lead Huobi on its next journey. We believe About Capital Management can contribute to the globalization of Huobi. The process brings new impetus.”
It is understood that the transaction details of the two parties also include a series of important measures such as ensuring the normal operation of the platform, improving risk management and capital reserves, ensuring the safety of user assets, and maintaining the stability of the core team.
