IB Bets on Mainlanders, Announces Investment in China Startup Tiger Brokers

[kreslik.news]

Interactive Brokers (NASDAQ:IBKR) has agreed to make a strategic investment in Chinese online brokerage firm Tiger Brokers, the first such by the US multi-asset broker and market-maker in a Chinese fintech startup.

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Founded in June 2014, Beijing-based Tiger Brokers is an online brokerage that allows mainland investors to buy stocks from the US and Hong Kong. The company provides an app to Chinese retail and institutional clients to invest in big local firms ... (read more)