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2023-12-21

$Farmmi, Inc.(FAMI)$ What going on with this company.......... downtrend again....

2023-12-14

2023-05-25

$Lufax(LU)$ what happen?

2022-09-07

$Tiger Brokers(TIGR)$

2022-09-07

$Tiger Brokers(TIGR)$

2022-09-07

Keep in up

UP Fintech posts revenue of US$53.5 million in 2022 Q2

2022-06-11

$Tiger Brokers(TIGR)$Q1 results not for whole year.....still got Q2, Q3 & Q4 results to show us....be confident.. be strong to success

2022-06-11

$Tiger Brokers(TIGR)$buy in time

2022-06-11

$Tiger Brokers(TIGR)$be strong.. Whole Market down affected ....will rebound back next week..

2022-06-06

$Tiger Brokers(TIGR)$Coming $8++[Miser]

Go to Tiger App to see more news

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</a>&nbsp;","text":"$Lufax(LU)$","images":[{"img":"https://community-static.tradeup.com/news/6c69f4e34618e1f86a1556e6103491e2","width":"1080","height":"624"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252038771847400","isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9970753884,"gmtCreate":1685023071850,"gmtModify":1685023071850,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ &nbsp;</a>what happen?","listText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ &nbsp;</a>what happen?","text":"$Lufax(LU)$ what happen?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970753884","isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938367672,"gmtCreate":1662562187696,"gmtModify":1676537088791,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","text":"$Tiger 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Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938364259","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938366043,"gmtCreate":1662561477282,"gmtModify":1676537088644,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"Keep in up","listText":"Keep in up","text":"Keep in up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938366043","repostId":"1106013145","repostType":2,"repost":{"id":"1106013145","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662537661,"share":"https://ttm.financial/m/news/1106013145?lang=&edition=fundamental","pubTime":"2022-09-07 16:01","market":"us","language":"en","title":"UP Fintech posts revenue of US$53.5 million in 2022 Q2","url":"https://stock-news.laohu8.com/highlight/detail?id=1106013145","media":"Tiger Newspress","summary":"New York, September 7, 2022 —UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR","content":"<html><head></head><body><p><b>New York, September 7, 2022 —UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. </p><p>During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.&#34;</p><p>Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app&#39;s 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,&#34; said Wu Tianhua, CEO and founder of UP Fintech.</p><p>&#34;Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.&#34;</p><p><b>Over 99% of customers with assets retained in Singapore</b></p><p><b>Newly registered usersin Australia up81% QoQ</b></p><p>In Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.</p><p>During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.</p><p>The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.</p><p>During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.</p><p>UP Fintech&#39;s community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.</p><p>Leveraging Tiger Community&#39;s local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO&#39;s secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO&#39;s listing PO ceremony in the community, receiving over 1 million views.</p><p>In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.</p><p>During the period, Tiger Trade app&#39;s rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company&#39;s momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.</p><p>The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).</p><p><b>Version 8.0 app launchedwith a better-personalizedUI enabled</b></p><p><b>Steady net deposits of US$1.5 billion</b></p><p>In the second quarter, the company&#39;s commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.</p><p>As the company&#39;s global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.</p><p>In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.</p><p>During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.</p><p>On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as &#34;US stock financial statements for beginners&#34; and &#34;US stock market investing for beginners&#34; were made accessible on Tiger Trade for every user, alleviating investors&#39; stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.</p><p><b>Ranking third in US IPO underwritingof all global brokerages</b></p><p><b>26 ESOP clients from different sectorsadded</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.</p><p>Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.</p><p>In an effort to reinforce corporate clients&#39; strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.</p><p>In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.</p><p>UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.</p><p>In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.</p><p><u><b>About UP Fintech Holding Limited</b></u></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.</p><p>Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.</p><p>For more information about UP Fintech as a company, please visit itigerup.com</p><p>For media inquiries, please contact lixiang@itiger.com</p><p><i><b>Safe Harbor Statement</b></i></p><p><i>This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as&#34;may,&#34;&#34;might,&#34;&#34;aim,&#34;&#34;likely to,&#34;&#34;will,&#34;&#34;expects,&#34;&#34;anticipates,&#34;&#34;future,&#34;&#34;intends,&#34;&#34;plans,&#34;&#34;believes,&#34;&#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech posts revenue of US$53.5 million in 2022 Q2</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech posts revenue of US$53.5 million in 2022 Q2\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-07 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>New York, September 7, 2022 —UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. </p><p>During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.&#34;</p><p>Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app&#39;s 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,&#34; said Wu Tianhua, CEO and founder of UP Fintech.</p><p>&#34;Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.&#34;</p><p><b>Over 99% of customers with assets retained in Singapore</b></p><p><b>Newly registered usersin Australia up81% QoQ</b></p><p>In Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.</p><p>During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.</p><p>The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.</p><p>During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.</p><p>UP Fintech&#39;s community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.</p><p>Leveraging Tiger Community&#39;s local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO&#39;s secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO&#39;s listing PO ceremony in the community, receiving over 1 million views.</p><p>In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.</p><p>During the period, Tiger Trade app&#39;s rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company&#39;s momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.</p><p>The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).</p><p><b>Version 8.0 app launchedwith a better-personalizedUI enabled</b></p><p><b>Steady net deposits of US$1.5 billion</b></p><p>In the second quarter, the company&#39;s commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.</p><p>As the company&#39;s global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.</p><p>In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.</p><p>During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.</p><p>On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as &#34;US stock financial statements for beginners&#34; and &#34;US stock market investing for beginners&#34; were made accessible on Tiger Trade for every user, alleviating investors&#39; stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.</p><p><b>Ranking third in US IPO underwritingof all global brokerages</b></p><p><b>26 ESOP clients from different sectorsadded</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.</p><p>Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.</p><p>In an effort to reinforce corporate clients&#39; strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.</p><p>In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.</p><p>UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.</p><p>In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.</p><p><u><b>About UP Fintech Holding Limited</b></u></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.</p><p>Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.</p><p>For more information about UP Fintech as a company, please visit itigerup.com</p><p>For media inquiries, please contact lixiang@itiger.com</p><p><i><b>Safe Harbor Statement</b></i></p><p><i>This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as&#34;may,&#34;&#34;might,&#34;&#34;aim,&#34;&#34;likely to,&#34;&#34;will,&#34;&#34;expects,&#34;&#34;anticipates,&#34;&#34;future,&#34;&#34;intends,&#34;&#34;plans,&#34;&#34;believes,&#34;&#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</i></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106013145","content_text":"New York, September 7, 2022 —UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.\"Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app's 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,\" said Wu Tianhua, CEO and founder of UP Fintech.\"Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.\"Over 99% of customers with assets retained in SingaporeNewly registered usersin Australia up81% QoQIn Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.UP Fintech's community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.Leveraging Tiger Community's local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO's secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO's listing PO ceremony in the community, receiving over 1 million views.In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.During the period, Tiger Trade app's rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company's momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).Version 8.0 app launchedwith a better-personalizedUI enabledSteady net deposits of US$1.5 billionIn the second quarter, the company's commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.As the company's global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as \"US stock financial statements for beginners\" and \"US stock market investing for beginners\" were made accessible on Tiger Trade for every user, alleviating investors' stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.Ranking third in US IPO underwritingof all global brokerages26 ESOP clients from different sectorsaddedDuring the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.In an effort to reinforce corporate clients' strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.About UP Fintech Holding LimitedUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.For more information about UP Fintech as a company, please visit itigerup.comFor media inquiries, please contact lixiang@itiger.comSafe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as\"may,\"\"might,\"\"aim,\"\"likely to,\"\"will,\"\"expects,\"\"anticipates,\"\"future,\"\"intends,\"\"plans,\"\"believes,\"\"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058467387,"gmtCreate":1654885549049,"gmtModify":1676535527835,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Q1 results not for whole year.....still got&nbsp;Q2, Q3 &amp; Q4 results to show us....be confident.. be strong to success&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Q1 results not for whole year.....still got&nbsp;Q2, Q3 &amp; Q4 results to show us....be confident.. be strong to success&nbsp;","text":"$Tiger Brokers(TIGR)$Q1 results not for whole year.....still got Q2, Q3 & Q4 results to show us....be confident.. be strong to success","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058467387","isVote":1,"tweetType":1,"viewCount":1766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058467071,"gmtCreate":1654885194193,"gmtModify":1676535527827,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>buy in time","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>buy in time","text":"$Tiger Brokers(TIGR)$buy in time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058467071","isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058464744,"gmtCreate":1654885111188,"gmtModify":1676535527819,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>be strong..&nbsp;Whole Market down affected ....will rebound back next week..","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>be strong..&nbsp;Whole Market down affected ....will rebound back next week..","text":"$Tiger Brokers(TIGR)$be strong.. Whole Market down affected ....will rebound back next week..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9058464744","isVote":1,"tweetType":1,"viewCount":754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053638774,"gmtCreate":1654526302298,"gmtModify":1676535462922,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566353501431623","authorIdStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Coming&nbsp;$8++[Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Coming&nbsp;$8++[Miser]&nbsp;","text":"$Tiger Brokers(TIGR)$Coming $8++[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053638774","isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9970753884,"gmtCreate":1685023071850,"gmtModify":1685023071850,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ &nbsp;</a>what happen?","listText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ &nbsp;</a>what happen?","text":"$Lufax(LU)$ what happen?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970753884","isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058464744,"gmtCreate":1654885111188,"gmtModify":1676535527819,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>be strong..&nbsp;Whole Market down affected ....will rebound back next week..","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>be strong..&nbsp;Whole Market down affected ....will rebound back next week..","text":"$Tiger Brokers(TIGR)$be strong.. Whole Market down affected ....will rebound back next week..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9058464744","isVote":1,"tweetType":1,"viewCount":754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058467387,"gmtCreate":1654885549049,"gmtModify":1676535527835,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Q1 results not for whole year.....still got&nbsp;Q2, Q3 &amp; Q4 results to show us....be confident.. be strong to success&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger 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href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Coming&nbsp;$8++[Miser]&nbsp;","text":"$Tiger Brokers(TIGR)$Coming $8++[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053638774","isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938367672,"gmtCreate":1662562187696,"gmtModify":1676537088791,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v 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Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938364259","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938366043,"gmtCreate":1662561477282,"gmtModify":1676537088644,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"Keep in up","listText":"Keep in up","text":"Keep in up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938366043","repostId":"1106013145","repostType":2,"repost":{"id":"1106013145","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662537661,"share":"https://ttm.financial/m/news/1106013145?lang=&edition=fundamental","pubTime":"2022-09-07 16:01","market":"us","language":"en","title":"UP Fintech posts revenue of US$53.5 million in 2022 Q2","url":"https://stock-news.laohu8.com/highlight/detail?id=1106013145","media":"Tiger Newspress","summary":"New York, September 7, 2022 —UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR","content":"<html><head></head><body><p><b>New York, September 7, 2022 —UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. </p><p>During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.&#34;</p><p>Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app&#39;s 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,&#34; said Wu Tianhua, CEO and founder of UP Fintech.</p><p>&#34;Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.&#34;</p><p><b>Over 99% of customers with assets retained in Singapore</b></p><p><b>Newly registered usersin Australia up81% QoQ</b></p><p>In Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.</p><p>During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.</p><p>The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.</p><p>During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.</p><p>UP Fintech&#39;s community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.</p><p>Leveraging Tiger Community&#39;s local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO&#39;s secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO&#39;s listing PO ceremony in the community, receiving over 1 million views.</p><p>In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.</p><p>During the period, Tiger Trade app&#39;s rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company&#39;s momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.</p><p>The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).</p><p><b>Version 8.0 app launchedwith a better-personalizedUI enabled</b></p><p><b>Steady net deposits of US$1.5 billion</b></p><p>In the second quarter, the company&#39;s commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.</p><p>As the company&#39;s global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.</p><p>In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.</p><p>During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.</p><p>On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as &#34;US stock financial statements for beginners&#34; and &#34;US stock market investing for beginners&#34; were made accessible on Tiger Trade for every user, alleviating investors&#39; stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.</p><p><b>Ranking third in US IPO underwritingof all global brokerages</b></p><p><b>26 ESOP clients from different sectorsadded</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.</p><p>Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.</p><p>In an effort to reinforce corporate clients&#39; strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.</p><p>In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.</p><p>UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.</p><p>In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.</p><p><u><b>About UP Fintech Holding Limited</b></u></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.</p><p>Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.</p><p>For more information about UP Fintech as a company, please visit itigerup.com</p><p>For media inquiries, please contact lixiang@itiger.com</p><p><i><b>Safe Harbor Statement</b></i></p><p><i>This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as&#34;may,&#34;&#34;might,&#34;&#34;aim,&#34;&#34;likely to,&#34;&#34;will,&#34;&#34;expects,&#34;&#34;anticipates,&#34;&#34;future,&#34;&#34;intends,&#34;&#34;plans,&#34;&#34;believes,&#34;&#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech posts revenue of US$53.5 million in 2022 Q2</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech posts revenue of US$53.5 million in 2022 Q2\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-07 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>New York, September 7, 2022 —UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. </p><p>During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.&#34;</p><p>Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app&#39;s 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,&#34; said Wu Tianhua, CEO and founder of UP Fintech.</p><p>&#34;Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.&#34;</p><p><b>Over 99% of customers with assets retained in Singapore</b></p><p><b>Newly registered usersin Australia up81% QoQ</b></p><p>In Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.</p><p>During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.</p><p>The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.</p><p>During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.</p><p>UP Fintech&#39;s community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.</p><p>Leveraging Tiger Community&#39;s local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO&#39;s secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO&#39;s listing PO ceremony in the community, receiving over 1 million views.</p><p>In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.</p><p>During the period, Tiger Trade app&#39;s rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company&#39;s momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.</p><p>The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).</p><p><b>Version 8.0 app launchedwith a better-personalizedUI enabled</b></p><p><b>Steady net deposits of US$1.5 billion</b></p><p>In the second quarter, the company&#39;s commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.</p><p>As the company&#39;s global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.</p><p>In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.</p><p>During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.</p><p>On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as &#34;US stock financial statements for beginners&#34; and &#34;US stock market investing for beginners&#34; were made accessible on Tiger Trade for every user, alleviating investors&#39; stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.</p><p><b>Ranking third in US IPO underwritingof all global brokerages</b></p><p><b>26 ESOP clients from different sectorsadded</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.</p><p>Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.</p><p>In an effort to reinforce corporate clients&#39; strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.</p><p>In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.</p><p>UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.</p><p>In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.</p><p><u><b>About UP Fintech Holding Limited</b></u></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.</p><p>Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.</p><p>For more information about UP Fintech as a company, please visit itigerup.com</p><p>For media inquiries, please contact lixiang@itiger.com</p><p><i><b>Safe Harbor Statement</b></i></p><p><i>This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as&#34;may,&#34;&#34;might,&#34;&#34;aim,&#34;&#34;likely to,&#34;&#34;will,&#34;&#34;expects,&#34;&#34;anticipates,&#34;&#34;future,&#34;&#34;intends,&#34;&#34;plans,&#34;&#34;believes,&#34;&#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</i></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106013145","content_text":"New York, September 7, 2022 —UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.\"Despite market challenges in the first half of 2022, we have remained focused on our clients, bringing product and service innovations, and delivering an exceptional trading experience to everyone. With the introduction of our app's 8.0 version this quarter, users now can rearrange the in-app functions and prioritize the features that matter the most to them. Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy,\" said Wu Tianhua, CEO and founder of UP Fintech.\"Our competitive edge remains strong. During this quarter, our market share in Singapore continued to increase. User engagement and interactions on our Tiger Trade app were also active, boding well for our user loyalty in this region. In Australia, more investors chose us and the trading volume doubled compared to the previous quarter. Looking ahead, despite the challenging macro environment being a headwind, we will stay true to our long-term commitment to being the platform of choice for global investors of all demographics.\"Over 99% of customers with assets retained in SingaporeNewly registered usersin Australia up81% QoQIn Singapore, UP Fintech continued its momentum in gaining more market share, a sign of industry leadership consolidation with an expanding user base and stronger user loyalty.During the reporting period, over 99% of the customers with assets were retained in the market. The average client net asset inflows of our newly acquired paying clients in the market exceeded the US$9,000 threshold in the period, surpassing the US$8,000 amount recorded in the previous quarter. User loyalty also stayed strong with a higher monthly active user (MAU) compared to other players.The company moved to strengthen partnerships with exchanges such as Singapore Exchange (SGX), CME Group, Eurex, and Chicago Board Options Exchange (CBOE), providing investors with an ever more diversified product offering.During the period, the number of local futures trading lots on Tiger Trade in Singapore rose 110.5% year-over-year, and up 19.2% quarter-over-quarter. The local trading volume of options rose 99.8% year-over-year, and up 4.5% quarter-over-quarter. Entrusted by world-renowned institutions such as Société Générale and Nikko Asset Management, UP Fintech also helped them attract more retail clients and build up demand for their products through our proprietary digital platform.UP Fintech's community gained bigger popularity in Singapore with the user base, engagement, and the number of posts growing. The amount of user-generated content reached nearly 150,000 pieces per week, making Tiger Community one of the largest and most engaged online investing communities.Leveraging Tiger Community's local penetration, more companies have chosen our community as the preferred platform and an effective channel for local investor communications in Singapore. During NIO's secondary listing on SGX, UP Fintech partnered with the exchange and live streamed NIO's listing PO ceremony in the community, receiving over 1 million views.In Australia, the company is still testing the waters and making an all-out effort to localize our products and services, by adding more features that will give local investors more control over their investment, while keeping the user experience simple, intuitive, and superior.During the period, Tiger Trade app's rankings rose to No. 31 in Q2, the highest amongst online brokers in Australia. Newly registered users rose 81.1% quarter-over-quarter, and the trading volume also doubled, reflecting the company's momentum in growing its customer base and winning recognition against a challenging macroeconomic backdrop.The company in Hong Kong acquired Type 4 (Advising on securities) and 5 licenses (Advising on futures contracts).Version 8.0 app launchedwith a better-personalizedUI enabledSteady net deposits of US$1.5 billionIn the second quarter, the company's commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million. Despite the macroeconomic difficulties, clients were still depositing, with a net deposit surpassing an amount of US$1.5 billion, indicating strong client loyalty and our ability to attract asset inflows.As the company's global expansion goes deep, we remain focused on innovating and localizing our products and services by introducing features local users have demanded to best improve their investing experience.In the second quarter, UP Fintech launched version 8.0 of the Tiger Trade app, enabling users to personalize the front page and switch between pro and lite modes with just one click.During the period, the demand for wealth management services grew steadily. The number of customers in the Fund Mall increased by 119.1% year-over-year, and the asset under management (AUM) of the Fund Mall service was up by 56.9% year-over-year. The number of Cash Plus users increased by 58.5% year-over-year, and AUM was up by 33.3% year-over-year. Cash Plus gained growing attention from Singaporean investors with the number of users up by 14.9% quarter-over-quarter, and AUM up by 25.4% quarter-over-quarter. These results underscore the value of diversification we are able to offer to clients against heightened volatility.On the investor education side, UP Fintech relentlessly promoted financial education in spite of the volatile environment. During the period, various educational materials such as \"US stock financial statements for beginners\" and \"US stock market investing for beginners\" were made accessible on Tiger Trade for every user, alleviating investors' stress in hunting for reliable information. As of June 30, UP Fintech held over 200 online seminars and forums, which were joined by industry experts and analysts from world-class institutions, and covered topics such as earnings analysis, trending companies, and hot industry to help investors make better informed financial decisions.Ranking third in US IPO underwritingof all global brokerages26 ESOP clients from different sectorsaddedDuring the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$9.3 million. Benefitting from the solid foundation the company has laid for its investment banking business, it showcased resilience amongst market difficulties. In the reporting period, the company participated in 14 Hong Kong and US IPOs, and served as an underwriter in 11 of these listings.Third-party data shows that UP Fintech ranked first in the second quarter, and third in the first half among brokerages in terms of overall US IPO underwriting, by number of deals and amount of value. During the first half, the company underwrote 14 US IPOs.In an effort to reinforce corporate clients' strategies and deepen the reach of their businesses, UP Fintech continued to scale up its network with potential institutional and high-worth buyers.In addition, the company issued 20 research reports on well-known companies such as Tencent, Baidu and Alibaba, indicating its in-depth analysis expertise, particularly in ADRs and the tech sector.UP Fintech signed 26 ESOP clients during the period, with the number of total clients added up to 364, a year-over-year increase of 68%. New clients include industry leaders across different sectors such as healthcare, energy, finance and logistics, including LONGi, a photovoltaic giant with a market value of approximately RMB400 billion.In this quarter, dozens of companies including NIO, Sirnaomics and BYD Electronics became part of the Tiger Community, and opened enterprise accounts. Tiger also helped over 10 companies, including SF Intra-city, Yidu Tech and Ming Yuan Cloud, bridge effective conversational channels to hundreds of global institutions, analysts, and high-net-worth retail investors.About UP Fintech Holding LimitedUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technologies for the next generation.Founded in 2014, we relentlessly offer superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 55 licenses and qualifications in different markets, and have over 1,000 employees on the team in Australia, China, New Zealand, Singapore, and the US.For more information about UP Fintech as a company, please visit itigerup.comFor media inquiries, please contact lixiang@itiger.comSafe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as\"may,\"\"might,\"\"aim,\"\"likely to,\"\"will,\"\"expects,\"\"anticipates,\"\"future,\"\"intends,\"\"plans,\"\"believes,\"\"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans and expectations regarding growth and expansion of its business lines, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254170132361408,"gmtCreate":1703090083723,"gmtModify":1703090087232,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$ </a> What going on with this company.......... downtrend again....","listText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$ </a> What going on with this company.......... downtrend again....","text":"$Farmmi, Inc.(FAMI)$ What going on with this company.......... downtrend again....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254170132361408","isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":252038771847400,"gmtCreate":1702566765346,"gmtModify":1702566769288,"author":{"id":"3566353501431623","authorId":"3566353501431623","name":"Hai71","avatar":"https://community-static.tradeup.com/news/68e5b78f5b2c51f372794c26db60a732","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566353501431623","idStr":"3566353501431623"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$ </a>&nbsp;","text":"$Lufax(LU)$","images":[{"img":"https://community-static.tradeup.com/news/6c69f4e34618e1f86a1556e6103491e2","width":"1080","height":"624"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252038771847400","isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}