BTCC formally known as BTC China which was founded in 2011 was the only first domestic bitcoin exchange in China. In 2014 the exchange held the world second largest bitcoin trade volume among all the trading platforms worldwide that year.
On 29th Jan 2018 Hong Kong based Investment Fund acquired BTCC. The company thinks that getting away from China will grow their business more in 2018.
Bobby Lee, the co-founder of BTCC said in a press that:
Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years