Is Huobi from China?

Could you please elaborate on the origins of Huobi and its potential connection to China? I've heard rumors that it might be a Chinese-based cryptocurrency exchange, but I'm not entirely sure. Given the significance of its market presence and the rapid growth of the cryptocurrency industry in China, I'm curious to know if there's a direct connection. Clarifying this information would help me better understand the global cryptocurrency landscape and its potential implications for investors and traders.