BRIEF: Shouhui launches $25 million IPO as revenue falls, loss narrows
Insurance distributor Shouhui Group Ltd. (2621.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24.36 million shares priced between HK$6.48 and HK$8.08 to raise up to HK$196 million…
Waterdrop stalls in second quarter, but reaffirms annual growth forecast
The online insurance broker’s revenue fell slightly in the latest three-month period, as its core insurance business fell by 4% Key Takeaways: Waterdrop’s revenue fell 0.4% in the second quarter,…
Futu squeezes growth from product, geographic diversity
The online broker’s core fee-based revenue grew 5.3% in the third quarter, as many of its customers took shelter in U.S. treasuries amid stock market turbulence Key Takeaways: Futu’s fee-based…
Futu charges ahead in Singapore in stepped-up global expansion
The online broker’s client assets under management in the city state posted a fourth consecutive quarter of sequential double-digit gains in the three months to June Key Takeaways: Futu’s total…
Futu makes bull run into Malaysia, as profits charge ahead
The online stock broker said it has been approved in principle for a license in the Southeast Asian country as its latest expansion in the region Key Takeaways: Futu’s revenue…
UP Fintech talks up TigerGPT as new investor tool
The online broker says its investment chatbot won’t pick stocks, but could ease the ‘overwhelming feeling’ investors get from sifting through ‘mountains of scattered data and information’ Key Takeaways: UP…
Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets
China’s leading pair of internet-based stock brokers report first-quarter revenue declines, as UP Fintech reports second consecutive quarterly loss Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines…
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