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

Bloomberg
Bloomberg • 4 min read
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,” says CEO Wu Tianhua. Photo: Bloomberg
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China’s Tiger Brokers is setting its sights on Singapore’s riches for a revenue boost as it continues to shift away from its home market after a regulatory crackdown.

The firm, formally known as Up Fintech Holding Ltd, is hoping to double its revenue in Singapore over the next one to two years as it taps the “sophisticated and rich”, including high-net worth individuals, family offices and hedge funds, founder and CEO Wu Tianhua said in an interview this week. 

Singapore is an international financial centre that can connect wealth across the globe, Wu said in a video call from Beijing. “We see a lot of growth potential in the country. It’s the central pivot of our internationalisation.”

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