Hong Kong is expected to develop as an international virtual asset centre. Photo: Sun Yeung / SCMP

Virtual assets: Hong Kong expected to develop a thriving fintech ecosystem

Leading companies in the world of virtual assets and Web3 set an optimistic mood for the industry
New Huo Tech’s 2022 annual report shows total revenue of HK$9.45 billion, of which the virtual asset business accounted for 95 per cent

Huobi Tech to expand virtual asset ecosystem on back of strong results

Huobi Tech’s virtual asset business generated HK$96.8 million in the first half of the fiscal year. As it explores cross-border opportunities in virtual assets, diversification is a primary focus.

Huobi Tech to expand virtual asset ecosystem on back of strong results

Huobi Tech revenue jumps 120 per cent with blockchain and virtual asset-related services

Blockchain and virtual asset-related services show momentum as key sources of revenue for the tech company, which is keeping pace with market regulations as it actively seeks opportunities for global expansion.

Huobi Tech revenue jumps 120 per cent with blockchain and virtual asset-related services

Why are more than 75 million people around the world using digital wallets?

Direct blockchain spending – up more than 50 per cent this year compared with 2020 – has been tipped to exceed US$19 billion in 2024