Bloomberg: Li Lin transfers 20-person trading team to Hong Kong stock listed company Bitfire

Comparing news, Li Lin is transferring all of his 20-person trading team from his family office Avenir Group to Hong Kong-listed wealth management company Bitfire Group. It is reported that Li Lin holds 30% of Bitfire's shares to help the company attract more private banking customers. Bitfire CEO Livio Weng said that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed the deal. With the addition of the new team, Bitfire has secured an initial investment of approximately $500 million from family offices and publicly traded companies. (Bloomberg)