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A Giant Blockchain Alliance by Huobi, China Telecom, and Finance Companies

A Giant Blockchain Alliance by Huobi, China Telecom, and Finance

  • On August 1, 2013, Huobi launched its own trading platform.
  • Huobi was founded in China and it was a Singapore based cryptocurrency.
  • China telecommunication industries net income is CN¥ 18.004 billion.

Huobi

It was founded in China and it was a Singapore based cryptocurrency. At present this company has its branches spread over various places like Hong Kong, Japan, USA and many more, later in 2018, it was listed as a Hong Kong company.

It was a public organization founded by Leon li, comes under the Bitcoin exchange industry. The location of headquarter was in Singapore.

On August 1, 2013, Huobi launched its own trading platform. In November 2013, Huobi got funding from Angel investments from Dai Zhikang and Zhen fund, in 2014 Huobi raised nearly $10 million investment from Sequoia capital.

In 2013 December Huobi trading volume exceeded 30 billion yuan, becoming China’s largest trading platform. By June the total Huobi transaction volume reached nearly 1 trillion RMB and in November 2016 this company reached 1.7 trillion yuan and on December 22, 2016, the Huobi companies daily transaction limit exceeded 200 billion yuan.

China telecom

China telecom was a public service that comes under the Telecommunication industry. Its headquarters was located in Beijing, China, founded in the year 2002 by Yang Jie. China telecommunication industries net income is CN¥ 18.004 billion and by the year 2017, this industry has 153 million employees.

China Telecom on 23 October 2008 said that plans were being made to expand its Asian European services and aiming to increase its market share value in Europe.

According to the reports by Xinhua News, BSN is aiming to provide services that bring different blockchain networks. On Dec 1 by the report of People. Com Hainans financial authority president Yang Chen said that the company is ready to test the blockchain technology.

About Steve Anderrson

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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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