Key facts
- Li Hua, founder of Futu Holdings Ltd., is facing significant regulatory and legal challenges.
- Futu's cross-border business model is the source of these challenges.
- Li Hua previously worked as an engineer at Tencent Holdings Ltd.
Li Hua, the billionaire founder of Chinese online brokerage Futu Holdings Ltd., is confronting the most significant regulatory and legal challenges of his career. His company's cross-border business model, which fueled Futu's rise, has now exposed the 49-year-old entrepreneur to serious scrutiny. Li Hua previously worked as an engineer at Tencent Holdings Ltd. before establishing Futu.