China’s Robinhood rivals are set for massive stock market gains on global expansion

CNBC2021-04-16

KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...

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Comment（35）

Angusy
·2021-05-13
$Tiger Brokers(TIGR)$recognize the 100 underlying shares to allow trading of 1 contract of covered call instead of recognizing only margin please. If ibkr allows that, dont understand why u aren’t able to do that.
Reply
5
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KongBeng
·2021-05-11
I hope Tiger can continue to explore untapped markets in SE Asia - Indonesia, Vietnam and Thailand. Way to go!
Reply
1
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SandDust
·2021-05-07
Well I like Tiger broker. Still using free trade now. But I think there is clear differentiation on their product. Do you like the app?
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Santaurora
·2021-04-28
[得意]
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JimmyChua
·2021-04-23
Wow
Reply
2
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Jj1985
·2021-04-23
Go tiger go... Hahahaha from sg here
Reply
2
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- vell:
  gogo
  2021-04-26
  Reply
  Report
Alexander920
·2021-04-22
$老虎證券(TIGR)$????
Reply
4
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dkpoh
·2021-04-22
666
Reply
2
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KW1
·2021-04-21
Great. Buy tiger and futu
Reply
1
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Hopehope赋予希望
·2021-04-17
When costs go up, it has been incurred to churn more revenue. It's how operating margin is being managed.
Reply
3
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Fold Replies
- Stylerz:
  what took them so long?
  2021-05-04
  Reply
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Alfred1007
·2021-04-17
Need more momentum!
Reply
1
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- vell:
  gogo
  2021-04-19
  Reply
  Report
色豆
·2021-04-16
這樣一家國際性的公司，居然到點就沒有客服了，出了問題也不知道找誰
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3
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KW1
·2021-04-16
Buy in dips folks. Great opportunity now.
Reply
2
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- vell:
  gogo
  2021-04-19
  Reply
  Report
Wangal
·2021-04-16
[Miser]
Reply
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Coconutlee88
·2021-04-16
Coins
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kevinlaisq
·2021-04-16
Please comment and like
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KLS
·2021-04-16
Buy
Reply
1
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- kevinlaisq:
  buy
  2021-04-16
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wyggy
·2021-04-16
Hmmm..
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2
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- KLS:
  Buybuybuy
  2021-04-16
  Reply
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- syneo:
  [微笑]
  2021-06-18
  Reply
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Yoxin
·2021-04-16
Ok
Reply
2
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- Yoxin:
  Ok
  2021-04-16
  Reply
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Solsk
·2021-04-16
Oo
Reply
1
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Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":198993824,"gmtCreate":1620916787568,"gmtModify":1704350477448,"author":{"id":"3573181571482807","authorId":"3573181571482807","name":"Angusy","avatar":"https://static.tigerbbs.com/567c46e27bc101d0dde608f1a4d236c3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573181571482807","authorIdStr":"3573181571482807"},"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>recognize the 100 underlying&nbsp;shares to allow trading of&nbsp;1 contract of covered call instead of recognizing only margin please. If ibkr allows that, dont understand why u aren’t able to do that.","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>recognize the 100 underlying&nbsp;shares to allow trading of&nbsp;1 contract of covered call instead of recognizing only margin please. If ibkr allows that, dont understand why u aren’t able to do that.","text":"$Tiger Brokers(TIGR)$recognize the 100 underlying shares to allow trading of 1 contract of covered call instead of recognizing only margin please. If ibkr allows that, dont understand why u aren’t able to do that.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198993824","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":193901379,"gmtCreate":1620742867391,"gmtModify":1704347740717,"author":{"id":"3557993306077325","authorId":"3557993306077325","name":"KongBeng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3557993306077325","authorIdStr":"3557993306077325"},"htmlText":"I hope Tiger can continue to explore untapped markets in SE Asia - Indonesia, Vietnam and Thailand. Way to go!&nbsp;","listText":"I hope Tiger can continue to explore untapped markets in SE Asia - Indonesia, Vietnam and Thailand. Way to go!&nbsp;","text":"I hope Tiger can continue to explore untapped markets in SE Asia - Indonesia, Vietnam and Thailand. Way to go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193901379","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":104040655,"gmtCreate":1620347004277,"gmtModify":1704342250655,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581331938298103","authorIdStr":"3581331938298103"},"htmlText":"Well I like Tiger broker. Still using free trade now. But I think there is clear differentiation on their product. Do you like the app?","listText":"Well I like Tiger broker. Still using free trade now. But I think there is clear differentiation on their product. Do you like the app?","text":"Well I like Tiger broker. Still using free trade now. But I think there is clear differentiation on their product. Do you like the app?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104040655","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100023827,"gmtCreate":1619570216369,"gmtModify":1704726053206,"author":{"id":"3579605723262688","authorId":"3579605723262688","name":"Santaurora","avatar":"https://static.tigerbbs.com/28a9f475016efaf44b28765b7eb47b48","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579605723262688","authorIdStr":"3579605723262688"},"htmlText":"[得意]","listText":"[得意]","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100023827","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":372826520,"gmtCreate":1619192547960,"gmtModify":1704721129051,"author":{"id":"3574984385549978","authorId":"3574984385549978","name":"JimmyChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574984385549978","authorIdStr":"3574984385549978"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372826520","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372156157,"gmtCreate":1619187441179,"gmtModify":1704721008645,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555192598177225","authorIdStr":"3555192598177225"},"htmlText":"Go tiger go... Hahahaha from sg here","listText":"Go tiger go... Hahahaha from sg here","text":"Go tiger go... Hahahaha from sg here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372156157","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4137255,"gmtCreate":1619429434273,"gmtModify":1680785653483,"authorId":3581743084082583,"author":{"id":3581743084082583,"idStr":"3581743084082583","authorId":3581743084082583,"name":"vell","avatar":"https://static.tigerbbs.com/cf847dbea9eb05973d76da4563268ecd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372156157,"type":1,"supId":0,"prevId":0,"content":"gogo","text":"gogo","html":"gogo"}],"langContent":"EN"},{"id":376050099,"gmtCreate":1619072611911,"gmtModify":1704719217956,"author":{"id":"3568645889733630","authorId":"3568645889733630","name":"Alexander920","avatar":"https://static.tigerbbs.com/7b1cf8fbd49671b19a4dd7dd167624fc","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3568645889733630","authorIdStr":"3568645889733630"},"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>????","listText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>????","text":"$老虎證券(TIGR)$????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376050099","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":378676651,"gmtCreate":1619039734573,"gmtModify":1704718578326,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378676651","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371543418,"gmtCreate":1618962835334,"gmtModify":1704717469789,"author":{"id":"3563714281601583","authorId":"3563714281601583","name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3563714281601583","authorIdStr":"3563714281601583"},"htmlText":"Great. Buy tiger and futu","listText":"Great. Buy tiger and futu","text":"Great. Buy tiger and futu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371543418","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":379057719,"gmtCreate":1618643255431,"gmtModify":1704713770906,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","vip":2,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":9,"crmLevelSwitch":1,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"htmlText":"When costs go up, it has been incurred to churn more revenue. It's how operating margin is being managed.&nbsp;","listText":"When costs go up, it has been incurred to churn more revenue. It's how operating margin is being managed.&nbsp;","text":"When costs go up, it has been incurred to churn more revenue. It's how operating margin is being managed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379057719","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4215431,"gmtCreate":1620092321862,"gmtModify":1680786873167,"authorId":3577619205438357,"author":{"id":3577619205438357,"idStr":"3577619205438357","authorId":3577619205438357,"name":"Stylerz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379057719,"type":1,"supId":0,"prevId":0,"content":"what took them so long?","text":"what took them so long?","html":"what took them so long?"}],"langContent":"EN"},{"id":379094301,"gmtCreate":1618635164803,"gmtModify":1704713682393,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3570656625926041","authorIdStr":"3570656625926041"},"htmlText":"Need more momentum!","listText":"Need more momentum!","text":"Need more momentum!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379094301","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4068470,"gmtCreate":1618789467581,"gmtModify":1680784574879,"authorId":3581743084082583,"author":{"id":3581743084082583,"idStr":"3581743084082583","authorId":3581743084082583,"name":"vell","avatar":"https://static.tigerbbs.com/cf847dbea9eb05973d76da4563268ecd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379094301,"type":1,"supId":0,"prevId":0,"content":"<u>gogo</u>","text":"<u>gogo</u>","html":"<u>gogo</u>"}],"langContent":"EN"},{"id":370201594,"gmtCreate":1618584010419,"gmtModify":1704713125324,"author":{"id":"3568029289732517","authorId":"3568029289732517","name":"色豆","avatar":"https://static.tigerbbs.com/0bfffd84227ab54bba29d074a2e18644","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3568029289732517","authorIdStr":"3568029289732517"},"htmlText":"這樣一家國際性的公司，居然到點就沒有客服了，出了問題也不知道找誰","listText":"這樣一家國際性的公司，居然到點就沒有客服了，出了問題也不知道找誰","text":"這樣一家國際性的公司，居然到點就沒有客服了，出了問題也不知道找誰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370201594","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":370152695,"gmtCreate":1618565708317,"gmtModify":1704712813627,"author":{"id":"3563714281601583","authorId":"3563714281601583","name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3563714281601583","authorIdStr":"3563714281601583"},"htmlText":"Buy in dips folks. Great opportunity now.","listText":"Buy in dips folks. Great opportunity now.","text":"Buy in dips folks. Great opportunity now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370152695","repostId":1129735896,"repostType":2,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4068471,"gmtCreate":1618789475060,"gmtModify":1680784576126,"authorId":3581743084082583,"author":{"id":3581743084082583,"idStr":"3581743084082583","authorId":3581743084082583,"name":"vell","avatar":"https://static.tigerbbs.com/cf847dbea9eb05973d76da4563268ecd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370152695,"type":1,"supId":0,"prevId":0,"content":"<u>gogo</u>","text":"<u>gogo</u>","html":"<u>gogo</u>"}],"langContent":"EN"},{"id":370311793,"gmtCreate":1618551348912,"gmtModify":1704712617705,"author":{"id":"3575580168546148","authorId":"3575580168546148","name":"Wangal","avatar":"https://static.tigerbbs.com/800f70a7feba8b3bc44da842ec3567a6","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3575580168546148","authorIdStr":"3575580168546148"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370311793","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370337399,"gmtCreate":1618550823911,"gmtModify":1704712611226,"author":{"id":"3563353171417443","authorId":"3563353171417443","name":"Coconutlee88","avatar":"https://static.tigerbbs.com/e2df1066dc32b92b308e037aa198cc74","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3563353171417443","authorIdStr":"3563353171417443"},"htmlText":"Coins","listText":"Coins","text":"Coins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370337399","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370332545,"gmtCreate":1618550651287,"gmtModify":1704712607498,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572874548548490","authorIdStr":"3572874548548490"},"htmlText":"Please comment and like","listText":"Please comment and like","text":"Please comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370332545","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370396675,"gmtCreate":1618549542997,"gmtModify":1704712591606,"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3551655093075927","authorIdStr":"3551655093075927"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370396675","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050683,"gmtCreate":1618550659804,"gmtModify":1680784295095,"authorId":3572874548548490,"author":{"id":3572874548548490,"idStr":"3572874548548490","authorId":3572874548548490,"name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370396675,"type":1,"supId":0,"prevId":0,"content":"<u>buy</u>","text":"<u>buy</u>","html":"<u>buy</u>"}],"langContent":"EN"},{"id":370391101,"gmtCreate":1618549382403,"gmtModify":1704712588842,"author":{"id":"3574126974732236","authorId":"3574126974732236","name":"wyggy","avatar":"https://static.tigerbbs.com/efb73e0c5b01a857344a5ffbd784e825","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574126974732236","authorIdStr":"3574126974732236"},"htmlText":"Hmmm..","listText":"Hmmm..","text":"Hmmm..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/370391101","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050575,"gmtCreate":1618549533732,"gmtModify":1680784298309,"authorId":3551655093075927,"author":{"id":3551655093075927,"idStr":"3551655093075927","authorId":3551655093075927,"name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370391101,"type":1,"supId":0,"prevId":0,"content":"<u>Buybuybuy</u>","text":"<u>Buybuybuy</u>","html":"<u>Buybuybuy</u>"},{"id":4865045,"gmtCreate":1624001763355,"gmtModify":1663229278043,"authorId":3574040838093825,"author":{"id":3574040838093825,"idStr":"3574040838093825","authorId":3574040838093825,"name":"syneo","avatar":"https://static.tigerbbs.com/13a89a558c2303351b95997274e8f66b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370391101,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":370307058,"gmtCreate":1618548951774,"gmtModify":1704712582530,"author":{"id":"3571470148893542","authorId":"3571470148893542","name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571470148893542","authorIdStr":"3571470148893542"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370307058","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050514,"gmtCreate":1618548967510,"gmtModify":1680784295582,"authorId":3571470148893542,"author":{"id":3571470148893542,"idStr":"3571470148893542","authorId":3571470148893542,"name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370307058,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":370308611,"gmtCreate":1618548461133,"gmtModify":1704712576369,"author":{"id":"3574158219076158","authorId":"3574158219076158","name":"Solsk","avatar":"https://static.tigerbbs.com/1b2b1e76582f923826a2028b6b26521b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574158219076158","authorIdStr":"3574158219076158"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370308611","repostId":1129735896,"repostType":4,"repost":{"id":"1129735896","kind":"news","pubTimestamp":1618541904,"share":"https://ttm.financial/m/news/1129735896?lang=&edition=fundamental","pubTime":"2021-04-16 10:58","market":"us","language":"en","title":"China’s Robinhood rivals are set for massive stock market gains on global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1129735896","media":"CNBC","summary":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coin","content":"<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>China’s Robinhood rivals are set for massive stock market gains on global expansion</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; 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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\">\nChina’s Robinhood rivals are set for massive stock market gains on global expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.cnbc.com/2021/04/16/chinese-robinhood-rivals-set-for-stock-gains-on-global-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129735896","content_text":"KEY POINTSFrom the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Two Chinese-run stock trading apps plan to tap new users in Singapore and the U.S.BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood.Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users this year — mostly from outside China.From the GameStop stock trading frenzy earlier this year to digital currency exchange Coinbase’s listing Wednesday, individuals are increasingly interested in playing capital markets, which are now easily accessible through a variety of mobile apps.Here’s how much analysts expect the Chinese players in this industry to climb.Tiger BrokersAlso known as UP Fintech, Tiger Brokers slid more than 4% on Thursday to close at $18.92 a share.That still leaves about 50% upside to reach China Renaissance’s newly updated pricetarget of $30. Analyst Jacky Zuo raised the firm’s target from $26.50 a share in an April 8 report based on higher earnings expectations for Tiger Brokers.The company announced in late March its total number of funded accounts more than doubled in 2020 to reach 258,700. This year, Tiger Brokers expects that pace of growth will speed up with more than 350,000 new funded accounts, with international clients accounting for more than 50% of those additions.Outside of China, the company is focused on Singapore, the U.S. and Australia.Tiger Brokers plans to expand on a base of ethnic Chinese users overseas, Tianhua Wu,chairman and CEO, said in an interview last Friday. He said game-like features such as“King of the Street” labels for high-performing users have attracted a younger crowd,and about 60% to 70% of users worldwide are under age 35.One of the main differences between the Chinese stock trading apps and other mobile-based trading platforms is the emphasis on a social community.“Compared with American brokerages, the biggest difference is these two companies have their own user community and have put greater effort into these social community services,” said Xin Jin, one of many investing experts who regularly shares research and analysis on Tiger Brokers’ app, and the founder of a U.S. stock investment consultancy for Chinese investors called Puyang. That’s according to a CNBC translation of his Chinese comments.He added that the rapid emergence of China’s middle class in a world where different countries offer varying risks has increased global investors’ demand for personal financial management.FutuShares of rival stock trading app Futu slipped 3% Thursday to close at $148 a share,leaving about 30% to run to reach China Renaissance’s new price target of $200 a share— $35 higher than before.For Futu, its social community is contributing directly to more trades. Socially active clients traded 5 times more than non-socially active clients, China Renaissance’s Zuosaid in an April 9 report, citing a half-day investor call with Futu management a dayearlier.Active users spent an average of 38 minutes on Futu’s app per trading day in the fourth quarter of last year, and daily active users reached 1 million in February, the report said.The company also more than doubled the number of paying users in 2020, for a total of 516,000. Futu expects to add 700,000 new paying clients this year, with 20% comingfrom outside Greater China inSingapore and the U.S.“We prefer Futu over Tiger given the former’s greater exposure to the HK market; weregard acquiring a HK license as a key stock catalyst for Tiger,” Zuo said in a report.Risks and competitionThe international expansion goes both ways. For example, U.S.-based Interactive Brokers, an industry giant which invested in Tiger Brokers early on, told CNBC in December that 80% of new accounts come from countries outside the U.S.And for popular new products such as cryptocurrencies that Coinbase and Robinhood offer, it’s illegal to trade them in China. Tiger Brokers’ Wu said the company is looking into virtual currency trading overseas.Overseas expansion also raises costs. Citi analysts said in a March 28 note that Tiger’s“aggressive overseas expansion” will increase staff costs by 60% this year as the company must hire more high-paid, senior staff in overseas markets.Citi cut its price target to $21.63 a share, down from $38.60.In the long run, one signifificant difference between the the Chinese stock trading appsand their international competitors is a strategy to go beyond individual stock tradingand into the big business of investment banking.Already, Futu and Tiger work with major Chinese companies in their initial public offerings and start-ups for managing employee stock option plans. Futu participated in10 IPOs in the fourth quarter of last year, while Tiger participated in eight, according to China Renaissance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":126,"commentSize":35,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}