Futu

BRIEF: Tencent sells down Futu stake

Internet giant Tencent (0700.HK) has raised about $206 million by selling down its stake in online brokerage Futu Holdings Ltd. (FUTU.US), Bloomberg reported on Friday. It sold the stock at…
FUTU.US
Tiger Brokers revenue rises 19% in first quarter

UP Fintech reaps benefits from early move overseas

The online brokerage posted solid revenue growth in the first quarter as it gained traction in Hong Kong, its newest offshore market Key Takeaways: UP Fintech’s revenue increased 19% year-on-year…
TIGR.US
Futu’s stock price plummeted after the fourth quarter revenue was worse than expected

FAST NEWS: Futu plummets on revenue miss

The Latest:  Online brokerage Futu Holdings Ltd. (FUTU.US) on Thursday reported its fourth-quarter net profit fell 8.4% year-on-year to HK$878 million ($112 million), though its full-year profit rose 46.2% to HK$4.28 billion. Looking Up:  The company’s…
FUTU.US
Futu records big profit growth

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.US

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