The Beijing based online securities company Tiger Brokers has announced the addition of a world-renowned investment expert as one of the firm's latest investors.
The inclusion of Singapore based Jim Rogers, to the Tiger Brokers business marks the first attempt by the former Wall Street billionaire to invest in a Chinese based technology startup.
Tiger Trade is a fintech product designed by the company as a one-stop stock trading platform for global Chinese-speaking investors to conveniently access a cross-border investment portfolio.
In addition to access to U.S. stocks, Hong Kong stocks, and China A-shares, the platform, which is available to logon through smartphones or PCs, supports transactions involving securities margin trading in addition to 13,000 US stocks, share options and ETF products.
Right Place Right Time
According to the company, more than $100 million in transactions were booked through Tiger Trade in the first month following the initial launch of the platform in 2015.The monthly dollar value of transactions handled through Tiger Trade jumped 22 times by the end of last year, topping $2.2 billion a month.
Rogers confirmed the news of the deal to finews.asia via email.
He is bullish on the growth momentum of China's fintech industry, claiming that the internet-driven transformation across the financial sector will bring benefits to the ever-growing numbers of Chinese investors who are demanding more ways to maximise their asset allocation.
«Everybody will be able to trade everywhere and Tiger appears in the right place, at the right time,» Rogers added.
