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China’s Tiger Brokers eyes Singapore’s rich to drive growth - THE EDGE SINGAPORE

Wealth

China’s Tiger Brokers eyes Singapore’s rich to drive growth

The firm is hoping to double its revenue in Singapore over the next one to two years as it taps the “sophisticated and rich".

Company in the news

Tiger Brokers focuses on underwriting IPOs, improving investor education

In 2QFY2023, about 45% of Tiger Brokers’ newly-funded accounts came from Singapore.
Bigger overall market key to growth, says new CEO of Tiger Brokers Singapore - THE EDGE SINGAPORE

Wealth

Bigger overall market key to growth, says new CEO of Tiger Brokers Singapore

The ex-director and current CEO of the Nasdaq-listed Tiger Brokers boasts its “best performing quarter” in 3QFY2023.

Results

Tiger Brokers reports 83.9% lower net income of US$3.3 mil in 3QFY2022

In his statement, CEO Wu says the company aims to land its services in HK in the fourth quarter.
Tiger Brokers sees 87.1% increase in total number of funded accounts to 703,500 - THE EDGE SINGAPORE

Results

Tiger Brokers sees 87.1% increase in total number of funded accounts to 703,500

Tiger Brokers saw total revenues decline 35.2% y-o-y to US$52.6 million in the 1QFY2022.

Markets

Tiger Brokers (Singapore) sees average first-timer deposits increase to $5,000 since Oct

This is compared to its initial deposit of $4,000 logged in the 2QFY2021 and 3QFY2021 ended June and September respectively.
Tiger Brokers collaborates with Alibaba Cloud for end-to-end tech support to its trading platform, Tiger Trade - THE EDGE SINGAPORE

Fintech

Tiger Brokers collaborates with Alibaba Cloud for end-to-end tech support to its trading platform, Tiger Trade

The partnership will also serve to support the growing number of users on Tiger Trade.
Tiger Brokers sees 100% growth in account openings for 3 straight quarters in 2020 - THE EDGE SINGAPORE

Fintech

Tiger Brokers sees 100% growth in account openings for 3 straight quarters in 2020

The brokerage says it sees huge potential growth in the Singapore market for online trading especially among younger Singaporeans.
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