Huobi partnered with blockchain incubator DigitalX100

During the 2018 Digital Asset Investment Forum in Washington D.C. Huobi teamed up with a brand new incubator DigitalX100
15 March 2018   710

Today, it was announced that during the 2018 Digital Asset Investment Forum that recently took place in Washington D.C., Huobi got into a partnership with a newly-founded blockchain incubator DigitalX100. The partnership is strategic in the sense that in tandem these two platforms can enhance each other's ability to locate promising blockchain solutions and bring a spotlight onto them by means of incubation, acceleration and investment.

The Washington DC Blockchain Incubator is very glad to work with Huobi labs to help impactful blockchain start-ups implement their strategic plans, enable innovators to develop blockchain based sector solutions and support the implementation of their first pilots.

 

Xiaochen Zhang

Founder, DigitalX100

As the announcement goes into details, after the selection, there will be designated steps of the incubation and acceleration, namely: formulating a fundraising strategy, designing a whitepaper, sculpting a go-to-market strategy, describing the ways of community engagement and specifying marketing campaign.

Blockchain is an innovative technology that will affect all aspects of the economy and the society. We are very excited to work together with DigitalX100 to support the start-ups of blockchains all over the world. With our strong cooperation, we both will partner with blockchain entrepreneurs to grow their businesses bigger, faster and hopefully more successfully.

 

Ted Que

Founder, Huobi Labs

The DAIF 2018 was hosted by FinTech4Good, and actually the forum was the founding place of DigitalX100 - a blockchain incubator located in Washington D.C. Huobi Labs was invited to the forum as a key player in blockchain solutions incubation platform segment, and Ted Que discussed the latest trends of the blockchain technology happening globally.

Huobi to Acquire Public Firm for $70M

Company took another step forward to enter the stock exchange through a reverse takeover procedure
30 August 2018   443

Huobi Global Limited completed the acquisition of Hong Kong's Pantronics Holdings Limited and took a step closer to enter the stock exchange through a reverse takeover procedure. This is stated in the joint statement of enterprises.

It is reported that the Huobi acquired about 199 million shares of the company through subsidiaries of Huobi Capital and Huobi Universal.

So, at the moment Huobi owns 66.26% of Pantronics Holdings. The average price of the share in the transaction was HK $ 2.72 ($ 0.35), and the total value of the stake is about $ 70 million.

Note that earlier Huobi was going to take over most of the shares of Pantronics Holdings. It was assumed that the chairman of Huobi Group Li Lin will become the owner of 73.73% stake in Pantronics.

Reverse takeover procedure assumes that a non-public company acquires a public company and automatically enters the stock exchange.

Earlier, the bitcoin-exchange Huobi Global announced the launch of a new platform designed for automatic listing of tokens.