Huobi Co-Founders Set Up New Chinese Entity

Huobi Co-Founders Set Up New Chinese Entity
The co-founders of crypto exchange, Huobi Global, created a new entity in Beijing on November 15, according to the Beijing government’s company registry.The new entity is listed under the name Beijing Chiyu Mushou.Enterprise information database Tianyancha shows that the company has RMB 1 million ($156,000) in registered capital. Leon Li, the founder and CEO of Huobi, has a controlling interest in the new entity, holding 58% of the shares. Huobi co-founder Du Jun holds 15% of shares.A Huobi representative said that the formation of the new entity is a “personal matter of the shareholders.” It does not relate to Huobi…