LINE

    Text:AAAPrint
    Economy

    Fund-rich HK online brokerage thinks big

    1
    2017-07-15 10:35China Daily Editor: Wang Fan ECNS App Download

    Startup Tiger Brokers, an online stock brokerage based in Hong Kong, has said it will use its latest round of financing to bolster its technical strength and products.

    Speaking at the Rise 2017 conference in Hong Kong, its CEO Wu Tianhua said the new investors are guiding Tiger Brokers on content, internationalization and functional autonomy.

    The firm will host a global investment forum in the next two to three months. The next round of fundraising will probably be within the next 12 months, he said.

    Founded in June 2014, Tiger Brokers has so far received over $400 million in funding from more than 20 strategic investors such as Xiaomi, Zhenfund, China Growth Capital and celebrated Wall Street investment guru Jim Rogers (who is betting big on China's financial technology or fintech sector).

    Wu said Tiger's younger investors in U.S. stocks favor the TMT (technology, media and telecommunications) sector and are willing to take risks in their global asset allocations.

    Emerging new-age tech companies seek to list in the U.S., suggesting a fresh bull run may be in the making there.

    However, in China, investment allocations in the Chinese mainland are still relatively niche. But the situation will improve with growth in the local TMT sector, Wu said.

    Online brokerages such as Tiger use technology to tackle challenges relating to cross-border stock trading, account opening and language.

    Currently, online trading in U.S. stocks accounts for a major part compared to trading in Hong Kong stocks and the A shares, he said.

      

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 温宿县| 宁晋县| 庆元县| 湾仔区| 中西区| 麦盖提县| 高要市| 鲁山县| 额敏县| 永修县| 紫阳县| 阿鲁科尔沁旗| 西充县| 玛纳斯县| 昌平区| 贡山| 巴彦县| 九江县| 临湘市| 鲁山县| 金门县| 木兰县| 巴彦县| 隆林| 改则县| 黄陵县| 万安县| 霍林郭勒市| 赤峰市| 顺平县| 宾川县| 花莲县| 台江县| 胶州市| 锦屏县| 寿宁县| 酉阳| 建昌县| 安陆市| 吉水县| 滨州市|