About Capital, a fund management company, completed the acqusiition of a majority stake in Huobi Global, a virtual asset exchanges company. Financial terms were not disclosed. "This transaction marks a new chapter for Huobi Global. Over the past nine years, we have witnessed Huobi's ascendence into one of the largest virtual asset exchanges in the world. Following Huobi's exit from the Chinese mainland market in 2021, we have accelerated our globalization push amidst a challenging market environment, which adds to the impetus for Huobi to seek a new shareholding structure with a global vision and international resources. We believe the successful acquisition by About Capital vehicle will contribute to Huobi's global expansion in both aspects," Leon Li, Huobi Founder.