Huobi Technology's Annual Financial Report: FY19 Staff Cuts by 17%

According to Caihua News Agency, Huobi Technology (formerly known as: Tongcheng Holdings) has recently released its annual financial report as of September 30, 2019. According to the financial report, as of September 30, 2019, Huobi's full-year operating income fell 9.6% year-on-year to HK $ 312 million; net profit attributable to shareholders was HK $ 6.076 million, compared with a profit of HK $ 6.591 million in the same period last year; Loss of 1.889 HK cents. In addition, Huobi Technology has 672 employees in its fiscal year 2019, which is 139 fewer employees and about 17% lower than last year's 811 employees.