Bloomberg: Li Lin Transfers 20-Person Trading Team to Hong Kong-Listed Company Bitfire

Odaily News Li Lin is transferring his entire approximately 20-person trading team from his family office, Avenir Group, to the Hong Kong-listed wealth management company Bitfire Group. It is reported that Li Lin holds a 30% stake in Bitfire, aiming to help the company attract more private banking clients. Bitfire CEO Livio Weng stated that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed the transaction. With the addition of the new team, Bitfire has secured initial investment commitments totaling approximately $500 million from family offices and listed companies. (Bloomberg)