China’s Huobi founder looks to sell stake in crypto exchange firm for over $1bn: Bloomberg

LONDON: The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is in talks with investors to sell his almost 60 percent stake in the exchange for over $1 billion, Bloomberg News reported on Friday.

Leon Li’s stake sale would value Huobi between $2 billion and $3 billion, and could be completed as soon as the end of the month, the report said.