The BTCC Bitcoin exchange, formerly known as BTC China, has been acquired by a Hong Kong-based Blockchain investment fund revealed, the company has revealed in a blog post Monday, Jan. 29.

Calvin Cheng, an advisor for the yet-undisclosed investment fund, expressed his excitement about their acquisition of the longest-running Bitcoin exchange in China, saying that they were "humbled" by the opportunity.

According to BTCC's press release, the company will now focus on three major market spheres, namely the international BTCC Mining Pool, Mobi wallet software, and its own cryptocurrency exchange.

Co-founder of BTCC Bobby What is it?

The company has faced an uphill battle to grow up effectively in their homeland base in Shanghai, China in China. The company has since set up a new base of operations in Hong Kong, and will now have the capital to continue its brand remake.