Illustration of Futu and UP Fintech's recent rally

Soaring stock brokers, and rising tobacco

Online brokers Futu and UP Fintech have recorded banner results, with revenue up by 75% or more for both in the fourth quarter. What's driving the growth, and is it sustainable? And the international arm of China's tobacco monopoly reported 10% revenue growth last year, even as the number of Chinese smokers fell. What's driving the increase?
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…

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…