Huobi Will Create A Billion-dollar International Blockchain Fund in China
The process will be supervised by Huobi Labs, which is a division of Huobi. A promising agreement has already been signed with the Tianya Community. The result should be the organization of Blockchain Lab in Hainan (China), where the headquarters of Houbi China (not to be confused with Houbi Global) will move.
Globally the idea tells about the development of blockchain technology not only in China, but all over the world. But in practice, if you believe in promises, this will result in the creation of blockchain-labs (and not even one), cooperation with world industrial companies and universities, and the organization of a multi-billion Blockchain Fund.