{"id":33289,"date":"2022-08-12T03:46:47","date_gmt":"2022-08-12T07:46:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33289"},"modified":"2022-08-12T03:46:52","modified_gmt":"2022-08-12T07:46:52","slug":"huobi-exchange-plans-to-sell-more-than-half-of-its-stake","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-exchange-plans-to-sell-more-than-half-of-its-stake\/","title":{"rendered":"Huobi exchange plans to sell more than half of its stake"},"content":{"rendered":"\n
According to reports by Bloomberg, Leon Li, the creator of Huobi, is planning to sell about 60% of the exchange's <\/a>holding which is estimated to be worth over $3 billion.<\/h5>\n\n\n\n
\"Huobi
Huobi exchange plans to sell more than half of its stake <\/figcaption><\/figure>\n\n\n\n

Bloomberg said that the CEO of Huobi spoke with financiers several times. About 60% of the Shares are up for sale. The founder of Tron, Justin Sun, and FTX Sam Bankman-Fried<\/a> are apparently competing for this opportunity. They have had early discussions about the share transfer with Huobi.<\/p>\n\n\n\n

The deal was confirmed by a spokeswoman for Huobi. He didn't want to get too explicit though. In relation to the stake sale, it was claimed that Leon Li is meeting with a number of international organizations\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

The spokeswoman emphasized that Li expects the new stakeholder will provide the exchange with more clout and resources. Huobi will be valued as a brand, and they will invest more money in it.<\/p>\n\n\n\n

According to the report, FTX's representative declined to comment. Justin Sun, though, texted back in response. He claimed that there have been no discussions on the sale with Huobi Chief.<\/p>\n\n\n\n

In a shareholder meeting earlier, the exchange's owners ZhenFund and Sequoia <\/a>China acknowledged Li's choice. A settlement can be reached before the end of July, they claimed. A shareholder said that Huobi's CEO is aiming for a valuation of around $3 billion. This implies that the deal may have a value of more than $1 billion.<\/p>\n\n\n\n

It continued by saying that it is yet unknown whether Huobi Technology Holdings Ltd, which is listed in Hong Kong<\/a>, will be a part of this takeover. The company is an affiliate that manages investments in digital assets for investors and possesses a license from Hong Kong's securities regulator.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to reports by Bloomberg, Leon Li, the creator of Huobi, is planning to sell about 60% of the exchange’s holding which is estimated to be worth over $3 billion. Bloomberg said that the CEO of Huobi spoke with financiers several times. About 60% of the Shares are up for sale. The founder of Tron, […]<\/p>\n","protected":false},"author":12,"featured_media":4676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-33289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/06\/Huobi-bans-crypto-trading-for-its-Chinese-users.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33289"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4676"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}