LGD made the xiao8 transfer official today with an announcement on their Weibo:
“Former LGD.Dota captain xiao8 has completed his transfer as of today, officially moving from LGD Gaming Club to NewBee Esports Club. Thank you to xiao8 for the two years spent leading LGD and all the dedicated contributions and sacrifices along the way, and we would like to wish xiao8 all the best in leading his new team. This transfer has been conducted accordingly with D.ACE’s Transfer Regulations, under constructive attitudes from both parties, and ultimately has been concluded in accordance with the player’s personal wishes. The transfer fee was 500,000 RMB (81,367 USD as of writing).”
DOTALAND.net 