Chinese Crypto Mogul Li Sells Stake in Exchange Firm Huobi

Li no longer involved in firm, sold to buyout firm: Huobi
Co-founder Li sold Huobi stake to buyout firm: statement

Leon Li in 2014.Photographer: Simon Song/South China Morning Post/Getty Images

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By Bloomberg News

October 8, 2022 at 1:42 AM UTC

Updated on

October 8, 2022 at 9:15 AM UTC

This article is for subscribers only.

Huobi Global said controlling shareholder Leon Li sold his entire stake in the cryptocurrency exchange operator and will cease to be involved in its operations.

Li sold his holding in Huobi to a buyout firm managed by About Capital Management (HK)Co., the company said in an emailed statement. The co-founder will no longer be involved in any aspect of Huobi Global’s business, according to a Huobi spokesperson. Bloomberg reported the intended sale in August.