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Leon Li, CEO of Huobi, and the History of Huobi (Part 2)

This is part 2 of 5 on the history and background of Huobi, one of the top 3 crypto exchanges in the world. The article touches on when Li Ning, whose English name goes by Leon, the CEO of Huobi, had to take a leave of absence and the various challenges he took on in an attempt to recover the business when he came back.

To read part 1- go here

The below article are highlights taken from the interview Li did with Odaily. 

Returning to the core business and explore the boundaries

In a company letter to the whole Huobi staff in early 2019, Li pointed out that the overly ambitious and fast expansion of the company led to a lack of focus and clear executions.

The exchange business is the core of Huobi, and it is also the company's “cash cow”. The decline in its performance during the bear market had a massive impact. Undoubtedly, Huobi needed to return to the core business and make clear of its focus.

Business adjustments are inevitable-the core business was stre...

 


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