Huobi Partners With Korean And Chinese Investors to Support Blockchain Initiatives

Huobi, the global cryptocurrency exchange, has partnered with NewMargin Capital and Kiwoom Securities Co., Ltd. to start an investment fund to support blockchain enterprises in China and South Korea and encourage cooperation among the enterprises, according to China Money Network. The fund is targeting 100 billion won ($93 million). NewMargin Capital is a Beijing based venture firm while Kiwoom Securities is a South Korea based online brokerage firm. Industrial Bank of Korea and Korea Development Bank will invest in the China and South Korea fund as limited partners while Mirae Asset Financial Group, a Seoul based financial services group, will … Continue reading Huobi Partners With Korean And Chinese Investors to Support Blockchain Initiatives