Caixin
Jul 11, 2018 05:20 PM
BUSINESS & TECH

Tiger Brokers Runs with the Unicorns

Tiger is one of growing group of Chinese financial technology service providers that have thrived since Beijing began allowing private investment into a sector previously monopolized by state-owned firms.  Photo: IC
Tiger is one of growing group of Chinese financial technology service providers that have thrived since Beijing began allowing private investment into a sector previously monopolized by state-owned firms. Photo: IC

China’s club of high-tech “unicorns” has a Tiger as its newest member.

Tiger Brokers, an online brokerage whose platform helps China-based investors buy U.S. stocks, said on Wednesday it has raised $80 million in its latest funding round, in a deal that values the company at just over $1 billion — the threshold a startup must cross to be classified as a unicorn.

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