TechFlow news — Multiple sources have confirmed to Wu Talk that Huobi founder Li Lin is seeking to sell his shares in Huobi. Li currently holds over 50% of the company's shares, but finding a high valuation has proven difficult amid the current market downturn. Other Huobi shareholders include Sequoia Capital China and ZhenFund. After exiting Chinese users, Huobi’s revenue has sharply declined, and the company is now undergoing layoffs.
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