Futu layoffs signal new phase of consolidation after rapid expansion
The company reportedly laid off about 200 people at its main base in Shenzhen, as it prepares to be ‘relatively disciplined’ in 2025 Key Takeaways: Futu has laid off about…
NEWS WRAP: UP Fintech posts strong quarterly growth, profit setback
By Teri Yu UP Fintech Holding Ltd. (TIGR.US), known for its Tiger Brokers online trading services, reported last Friday its revenue touched a new record in the second quarter, even…
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…
Big Banks Test the Waters for New China Listings With QuantaSing IPO
The adult education specialist’s IPO underwriters include Citigroup, as well as two of China’s biggest investment banksKey Takeaways:Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new…
UP Fintech, Futu Under Pressure to Go Global as Regulatory Bomb Blows Up in China
Overseas expansion is becoming critical for the pair of online brokers after China’s securities regulator said their cross-border trading services for mainland investors were illegalKey Takeaways:China’s securities regulator said UP…
UP Fintech Flexes Global Expansion Muscle With NYSE Membership
In its latest move to expand outside China, the online brokerage has become a member of the world’s largest stock exchange Key Takeaways: UP Fintech’s TradeUP Securities unit has become…
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