Baiyu Capital: no longer participate in Huobi work in any way

Hong Kong-based asset manager Baiyu Capital explicitly told Protos Media in May that it was no longer involved in any way with Huobi, and declined to elaborate further. Foresight News previously reported that in October 2022, Huobi Global issued an announcement stating that the controlling shareholder company of Huobi Global had transferred all of its shares in Huobi Global to a fund under Baiyu Capital. Major shareholders and actual controllers. In November 2022, according to Bloomberg News citing sources, Justin Sun spent about US$1 billion to acquire about 60% of Huobi’s equity through Hong Kong asset management company Baiyu Capital. Sequoia China and ZhenFund will also jointly hold Huobi Global 28 % of the shares were sold to Baiyu Capital.