[Bloomberg: Li Lin Transfers 20-Person Trading Team to Hong Kong-Listed Company Bitfire] Odaily Planet Daily reports that Li Lin is transferring his approximately 20-person trading team from his family office, Avenir Group, to the Hong Kong-listed wealth management company Bitfire Group. It is reported that Li Lin holds a 30% stake in Bitfire to help the company attract more private banking clients. Bitfire CEO Livio Weng stated that Bitfire will acquire the team and its trading system from Avenir Group. Avenir has confirmed the transaction. With the addition of the new team, Bitfire has secured approximately $500 million in initial investment commitments from family offices and listed companies. (Bloomberg)