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Justin Sun, a Chinese cryptocurrency entrepreneur and the founder of Tron, a blockchain DAO ecosystem, is reportedly the core investor of Hong Kong-based investment company About Capital Management, which recently purchased crypto exchange Huobi Global.
Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.
Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.