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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
itiger.com

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Founded Year

2014

Stage

IPO | IPO

Total Raised

$139.52M

Date of IPO

3/20/2019

About Tiger Brokers

Tiger Brokers (NASDAQ: TIGR) provides brokerage services for Chinese investors wanting to invest in overseas securities, particularly stocks listed on the U.S. and Hong Kong exchanges.

Tiger Brokers Headquarter Location

18F, No. 16 Taiyanggong Rd Chaoyang Dist.

Beijing, Beijing, 100020,

China

+ 86-10-56216660

Latest Tiger Brokers News

Futu and UP Fintech to Face Regulatory Risks in China, Official Media Says

Oct 15, 2021

Futu Holding and UP Fintech Holding, two US-listed Chinese online brokerages, are set to face regulatory risks due to forthcoming China’s personal data privacy law. According to Reuters, the new ruling will take effect starting November 1 this year. The regulatory risks’ news was first reported by the official media outlet People’s Daily, which suggested that both firms could violate these privacy rules and also compliance risks. “Since our founding, Futu has insisted that the protection of personal information and data is of top priority. Futu has been strictly complying with relevant laws and regulations. Going forward, we will continue to actively cooperate with regulatory authorities to better safeguard personal information,” Futu commented on a statement as a response to the People’s Daily article. In fact, the news was not well received by Futu shares in Nasdaq, which plummeted by over 10% after it crossed the wires. Also, UP Fintech fell by over 20% in the wake of the article. The new set of rules on privacy established by China, dubbed ‘Personal Information Protection Law,’ aims to regulate cyberspace and safeguard national security. Suggested articles China and Financial Markets Regulation Although both brokerages don’t have licenses to operate in the Mainland, Chinese citizens are able to open accounts after submitting personal information. However, Futu and UP Fintech are not the only ones at risk of facing regulatory troubles. Snowball Securities is another one that People’s Daily mentioned in the article as another firm falling into the category of failing to comply with the new data privacy law. China has been active in tightening its regulation around the financial markets. For example, the Industrial and Commercial Bank of China (ICBC) announced last week that it would impose some restrictions on retail companies involved in forex and commodities trading. The “risk is high these days in global forex and commodities markets, so please pay attention to controlling risks,” the bank commented. Share this article

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Research containing Tiger Brokers

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Tiger Brokers in 6 CB Insights research briefs, most recently on Jun 9, 2021.

Expert Collections containing Tiger Brokers

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Tiger Brokers is included in 4 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,109 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

248 items

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

19,054 items

Excludes US-based companies

Tiger Brokers Web Traffic

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