Chinese cryptocurrency exchanges are seeking reverse mergers in Hong Kong, which allows them to acquire control of publicly traded firms in the city and bypass the lengthy initial public offering process. Photo: Agence France-Presse

Chinese cryptocurrency exchanges seek reverse mergers in Hong Kong as IPO plans of bitcoin mining rig makers falter

  • Parent of OKCoin, the world’s No 2 exchange, recently acquired control of Hong Kong-listed Leap Holdings
  • That deal followed Huobi’s purchase of a majority stake in Pantronics
Topic |   Digital currencies

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Chinese cryptocurrency exchanges are seeking reverse mergers in Hong Kong, which allows them to acquire control of publicly traded firms in the city and bypass the lengthy initial public offering process. Photo: Agence France-Presse
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Zheping Huang

Zheping Huang

Zheping is a technology reporter covering cryptocurrency, blockchain and gaming for the South China Morning Post. He is a contributor to Inkstone. Previously he wrote about China for Quartz.