Leading international securities company Tiger Brokers announced that Jim Rogers, the world-renowned investment expert, has signed agreements to become one of the firm's investors.
The investment marks the first attempt of the Wall Street billionaire to ever invest in a Chinese technology startup.
"What Tiger has been doing, which is use technology to trade around the world, reserve a bright future," said Rogers. He is bullish on the growth momentum of China's fintech industry, claiming that the internet-driven transformation across the financial sector will bring benefits to the ever-growing Chinese investors who are demand to optimize their asset allocation. "Everybody will be able to trade in everywhere and Tiger appears in the right place, at the right time," Rogers added.
Wu Tianhua, founder and CEO of Tiger Brokers said: "Tiger Trade is a fintech product designed by the company as a one-stop stock trading platform for global Chinese-speaking investors to conveniently access to cross-border investment portfolio." According to Wu, in addition to access to US stocks, Hong Kong stocks, and China A-shares, the platform, which is available to logon through smartphones or PCs, supports transactions involving securities margin trading in addition to 13,000 US stocks, share options and ETF products.
According to the company, more than $100 million in transactions were booked through Tiger Trade in the first month following the initial launch of the platform in 2015.
In addition to the explosive growth in the number of subscribers, the monthly dollar value of transactions handled through Tiger Trade jumped 22 times by the end of last year, topping $2.2 billion a month.
As a leading online securities broker serving Chinese communities worldwide, Tiger Brokers has been proving its strength in the global investment market. Its initial major shareholders include Xiaomi Technology and China Growth Capital.