Justin Sun acquires approximately 60% of Huobi through Bacera Capital for approximately $1 billion

Nov 22,2022
KingData News: According to Bloomberg, citing sources, Justin Sun spent about $1 billion to acquire about 60 percent of Huobi through Hong Kong-based asset manager About Capital, and Sequoia China and True Capital sold their combined 28 percent stake in Huobi Global to About Capital. Justin Sun kept his name out of the deal to avoid scrutiny from China, people familiar with the matter said.
KingData platform is exposed to a lot of quality contents every day. This indicator aims to gather and extract the most valuable data from these contents, and broadcast them here. (Do your own research. It's not a financial advice.)