卖狗为生的个人主页 - 老虎社区

卖狗为生

卖狗为生

这个App不错蛮好玩的！

IP属地：未知

121关注

108粉丝

0主题

0勋章

2021-12-10

$Grab Holdings(GRAB)$来来～刚买的看看结果如何～

2021-12-09

$RLX Technology(RLX)$今晚会掉到进垄沟吗？

2021-12-07

$Tiger Brokers(TIGR)$你不要骗我进厂

2021-12-03

$Phunware, Inc.(PHUN)$好险～

2021-11-30

$Tiger Brokers(TIGR)$掉不停… 真的是要等 2-3年 -.-“

2021-11-30

$Tiger Brokers(TIGR)$时间还有 15分钟，会飞吗？

2021-11-30

讲那么多、重点会起不？ 😂

Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3

2021-11-24

$Tiger Brokers(TIGR)$苏醒吧？

2021-11-19

$Tiger Brokers(TIGR)$完蛋了咯

2021-11-19

$Tiger Brokers(TIGR)$666 恶魔数字…

2021-11-17

$Tiger Brokers(TIGR)$抢呀！

2021-11-17

死了咯

iQIYI's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion

2021-11-16

$Tiger Brokers(TIGR)$后个星期3再开看你彪多少～

2021-11-16

$Tiger Brokers(TIGR)$财报终于出来了。打死都不放

2021-11-14

$TIGR(TIGR)$what happen?

2021-11-12

$Tiger Brokers(TIGR)$

short 要死了吗？

2021-11-11

$Tiger Brokers(TIGR)$又来了 …

2021-11-09

$Tesla Motors(TSLA)$哇… 掉好快

2021-11-09

$Tiger Brokers(TIGR)$… . 感觉今晚又来了

2021-11-03

$Tiger Brokers(TIGR)$

又泻了 🤲

去老虎APP查看更多动态

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href=\"https://laohu8.com/S/RLX\">$RLX Technology(RLX)$</a>今晚会掉到进垄沟吗？[Speechless]&nbsp;[Spurting]&nbsp;","listText":"<a href=\"https://laohu8.com/S/RLX\">$RLX Technology(RLX)$</a>今晚会掉到进垄沟吗？[Speechless]&nbsp;[Spurting]&nbsp;","text":"$RLX Technology(RLX)$今晚会掉到进垄沟吗？[Speechless] [Spurting]","images":[{"img":"https://static.tigerbbs.com/9c40d81550e7ed085cc6f3fbd7d97c36","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602491595","isVote":1,"tweetType":1,"viewCount":1490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":606594322,"gmtCreate":1638890628648,"gmtModify":1638927252235,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>你不要骗我进厂","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>你不要骗我进厂","text":"$Tiger Brokers(TIGR)$你不要骗我进厂","images":[{"img":"https://static.tigerbbs.com/f3f14f2eb90281fce3af1206edd35977","width":"400","height":"267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606594322","isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":601638337,"gmtCreate":1638520685109,"gmtModify":1638520685470,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>好险～[Spurting]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>好险～[Spurting]&nbsp;","text":"$Phunware, Inc.(PHUN)$好险～[Spurting]","images":[{"img":"https://static.tigerbbs.com/d3a8249f8c204ceb5f036b2223f7954a","width":"825","height":"1361"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601638337","isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":609215555,"gmtCreate":1638285562035,"gmtModify":1638285671417,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>掉不停… 真的是要等&nbsp;2-3年 -.-“","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>掉不停… 真的是要等&nbsp;2-3年 -.-“","text":"$Tiger Brokers(TIGR)$掉不停… 真的是要等 2-3年 -.-“","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/609215555","isVote":1,"tweetType":1,"viewCount":1178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609839901,"gmtCreate":1638262007117,"gmtModify":1638262273559,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>时间还有 15分钟， 会飞吗？","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>时间还有 15分钟， 会飞吗？","text":"$Tiger Brokers(TIGR)$时间还有 15分钟， 会飞吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/609839901","isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609174167,"gmtCreate":1638259763125,"gmtModify":1638259763467,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"讲那么多、重点会起不？ 😂","listText":"讲那么多、重点会起不？ 😂","text":"讲那么多、重点会起不？ 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609174167","repostId":"1106311782","repostType":2,"repost":{"id":"1106311782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638259223,"share":"https://www.laohu8.com/m/news/1106311782?lang=&edition=full","pubTime":"2021-11-30 16:00","market":"us","language":"en","title":"Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3","url":"https://stock-news.laohu8.com/highlight/detail?id=1106311782","media":"Tiger Newspress","summary":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unau","content":"<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre &amp; post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger&nbsp;Brokers&nbsp;bolstered its cooperation with&nbsp;top international&nbsp;asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share &amp; A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&amp;A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-30 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre &amp; post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger&nbsp;Brokers&nbsp;bolstered its cooperation with&nbsp;top international&nbsp;asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share &amp; A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&amp;A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106311782","content_text":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.\nIn the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.\nMr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”\nPress Release\nExceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared\nThe third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.\nTiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre & post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.\nThe Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger Brokers bolstered its cooperation with top international asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.\nAs a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.\nOver 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore\nTiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.\nIn Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.\nIn addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.\nIn New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.\nThe Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.\n262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies\nOther income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.\nOn the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.\nThe Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.\nA growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share & A-share companies as well as the ability to retrace historical data.\nTiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.\nIn the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.\nIn order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874165205,"gmtCreate":1637745379246,"gmtModify":1637745588606,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>苏醒吧？","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>苏醒吧？","text":"$Tiger Brokers(TIGR)$苏醒吧？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874165205","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876524155,"gmtCreate":1637333579200,"gmtModify":1637333580374,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>完蛋了咯","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>完蛋了咯","text":"$Tiger Brokers(TIGR)$完蛋了咯","images":[{"img":"https://static.tigerbbs.com/c90a8b084c99920443c54505fe0500a5","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876524155","isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876256132,"gmtCreate":1637323856047,"gmtModify":1637323857259,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>666 恶魔数字…&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>666 恶魔数字…&nbsp;","text":"$Tiger Brokers(TIGR)$666 恶魔数字…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876256132","isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878826978,"gmtCreate":1637168463228,"gmtModify":1637168463511,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>抢呀！","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>抢呀！","text":"$Tiger Brokers(TIGR)$抢呀！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878826978","isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878986433,"gmtCreate":1637138489948,"gmtModify":1637138491080,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575806637721070","authorIdStr":"3575806637721070"},"themes":[],"htmlText":"死了咯","listText":"死了咯","text":"死了咯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878986433","repostId":"1132422280","repostType":2,"repost":{"id":"1132422280","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637138264,"share":"https://www.laohu8.com/m/news/1132422280?lang=&edition=full","pubTime":"2021-11-17 16:37","market":"us","language":"en","title":"iQIYI's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1132422280","media":"Tiger Newspress","summary":"iQIYI, Inc.(Nasdaq: IQ) today announced its unaudited financial results for the third quarter ended ","content":"<p>iQIYI, Inc.(Nasdaq: IQ) today&nbsp;announced its unaudited financial results for the third quarter ended&nbsp;September 30, 2021.</p>\n<p><b>Third Quarter 2021 Highlights</b></p>\n<ul>\n <li>Total revenues were&nbsp;RMB7.6 billion(US$1.2 billion1), representing a 6% increase from the same period in 2020.</li>\n <li>Operating loss was&nbsp;RMB1.4 billion(US$212.3 million) and operating loss margin was 18%, compared to operating loss of&nbsp;RMB1.2 billion&nbsp;and operating loss margin of 17% in the same period in 2020.</li>\n <li>Net loss attributable to iQIYI was&nbsp;RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI of&nbsp;RMB1.2 billion&nbsp;in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was&nbsp;RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of&nbsp;RMB1.61&nbsp;in the same period of 2020.</li>\n <li>The number of total subscribing members was 103.6 million as of&nbsp;September 30, 2021, or 103.0 million excluding individuals with trial memberships.</li>\n</ul>\n<p>\"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"</p>\n<p>\"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"</p>\n<p><b>Third Quarter 2021 Financial Results</b></p>\n<p>Total revenues reached&nbsp;RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.</p>\n<p>Membership services revenue was&nbsp;RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.</p>\n<p>Online advertising services revenue was&nbsp;RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.</p>\n<p>Content distribution revenue was&nbsp;RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.</p>\n<p>Other revenues were&nbsp;RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.</p>\n<p>Cost of revenues was&nbsp;RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.</p>\n<p>Selling, general and administrative expenses were&nbsp;RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.</p>\n<p>Research and development expenses were&nbsp;RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.</p>\n<p>Operating loss was&nbsp;RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.</p>\n<p>Total other expense was&nbsp;RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.</p>\n<p>Loss before income taxes was&nbsp;RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.</p>\n<p>Income tax expense was&nbsp;RMB9.0million&nbsp;(US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.</p>\n<p>Net loss attributable to iQIYI was&nbsp;RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.</p>\n<p>As ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).</p>\n<p><b>Financial Guidance</b></p>\n<p>For the fourth quarter of 2021, iQIYI expects total net revenues to be between&nbsp;RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>iQIYI's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\niQIYI's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-17 16:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>iQIYI, Inc.(Nasdaq: IQ) today&nbsp;announced its unaudited financial results for the third quarter ended&nbsp;September 30, 2021.</p>\n<p><b>Third Quarter 2021 Highlights</b></p>\n<ul>\n <li>Total revenues were&nbsp;RMB7.6 billion(US$1.2 billion1), representing a 6% increase from the same period in 2020.</li>\n <li>Operating loss was&nbsp;RMB1.4 billion(US$212.3 million) and operating loss margin was 18%, compared to operating loss of&nbsp;RMB1.2 billion&nbsp;and operating loss margin of 17% in the same period in 2020.</li>\n <li>Net loss attributable to iQIYI was&nbsp;RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI of&nbsp;RMB1.2 billion&nbsp;in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was&nbsp;RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of&nbsp;RMB1.61&nbsp;in the same period of 2020.</li>\n <li>The number of total subscribing members was 103.6 million as of&nbsp;September 30, 2021, or 103.0 million excluding individuals with trial memberships.</li>\n</ul>\n<p>\"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"</p>\n<p>\"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"</p>\n<p><b>Third Quarter 2021 Financial Results</b></p>\n<p>Total revenues reached&nbsp;RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.</p>\n<p>Membership services revenue was&nbsp;RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.</p>\n<p>Online advertising services revenue was&nbsp;RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.</p>\n<p>Content distribution revenue was&nbsp;RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.</p>\n<p>Other revenues were&nbsp;RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.</p>\n<p>Cost of revenues was&nbsp;RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.</p>\n<p>Selling, general and administrative expenses were&nbsp;RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.</p>\n<p>Research and development expenses were&nbsp;RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.</p>\n<p>Operating loss was&nbsp;RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.</p>\n<p>Total other expense was&nbsp;RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.</p>\n<p>Loss before income taxes was&nbsp;RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.</p>\n<p>Income tax expense was&nbsp;RMB9.0million&nbsp;(US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.</p>\n<p>Net loss attributable to iQIYI was&nbsp;RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.</p>\n<p>As ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).</p>\n<p><b>Financial Guidance</b></p>\n<p>For the fourth quarter of 2021, iQIYI expects total net revenues to be between&nbsp;RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132422280","content_text":"iQIYI, Inc.(Nasdaq: IQ) today announced its unaudited financial results for the third quarter ended September 30, 2021.\nThird Quarter 2021 Highlights\n\nTotal revenues were RMB7.6 billion(US$1.2 billion1), representing a 6% increase from the same period in 2020.\nOperating loss was RMB1.4 billion(US$212.3 million) and operating loss margin was 18%, compared to operating loss of RMB1.2 billion and operating loss margin of 17% in the same period in 2020.\nNet loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI of RMB1.2 billion in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of RMB1.61 in the same period of 2020.\nThe number of total subscribing members was 103.6 million as of September 30, 2021, or 103.0 million excluding individuals with trial memberships.\n\n\"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"\n\"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"\nThird Quarter 2021 Financial Results\nTotal revenues reached RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.\nMembership services revenue was RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.\nOnline advertising services revenue was RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.\nContent distribution revenue was RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.\nOther revenues were RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.\nCost of revenues was RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.\nSelling, general and administrative expenses were RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.\nResearch and development expenses were RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.\nOperating loss was RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.\nTotal other expense was RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.\nLoss before income taxes was RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.\nIncome tax expense was RMB9.0million (US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.\nNet loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.\nAs ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).\nFinancial Guidance\nFor the fourth quarter of 2021, iQIYI expects total net revenues to be between RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. 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感谢🐯爷","images":[{"img":"https://static.tigerbbs.com/31787d467f2d780e7fb627feeba794e0","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881049910","isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":601638337,"gmtCreate":1638520685109,"gmtModify":1638520685470,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>好险～[Spurting]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>好险～[Spurting]&nbsp;","text":"$Phunware, Inc.(PHUN)$好险～[Spurting]","images":[{"img":"https://static.tigerbbs.com/d3a8249f8c204ceb5f036b2223f7954a","width":"825","height":"1361"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601638337","isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":841072699,"gmtCreate":1635865742033,"gmtModify":1635865742373,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>想问下… 今天又多少人被套了 [Drowsy]&nbsp;[Drowsy]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>想问下… 今天又多少人被套了 [Drowsy]&nbsp;[Drowsy]&nbsp;","text":"$Tiger Brokers(TIGR)$想问下… 今天又多少人被套了 [Drowsy] [Drowsy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841072699","isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606594322,"gmtCreate":1638890628648,"gmtModify":1638927252235,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>你不要骗我进厂","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>你不要骗我进厂","text":"$Tiger Brokers(TIGR)$你不要骗我进厂","images":[{"img":"https://static.tigerbbs.com/f3f14f2eb90281fce3af1206edd35977","width":"400","height":"267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606594322","isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":609174167,"gmtCreate":1638259763125,"gmtModify":1638259763467,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"讲那么多、重点会起不？ 😂","listText":"讲那么多、重点会起不？ 😂","text":"讲那么多、重点会起不？ 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609174167","repostId":"1106311782","repostType":2,"repost":{"id":"1106311782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638259223,"share":"https://www.laohu8.com/m/news/1106311782?lang=&edition=full","pubTime":"2021-11-30 16:00","market":"us","language":"en","title":"Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3","url":"https://stock-news.laohu8.com/highlight/detail?id=1106311782","media":"Tiger Newspress","summary":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unau","content":"<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre &amp; post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger&nbsp;Brokers&nbsp;bolstered its cooperation with&nbsp;top international&nbsp;asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share &amp; A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&amp;A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-30 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre &amp; post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger&nbsp;Brokers&nbsp;bolstered its cooperation with&nbsp;top international&nbsp;asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share &amp; A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&amp;A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106311782","content_text":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.\nIn the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.\nMr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”\nPress Release\nExceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared\nThe third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.\nTiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre & post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.\nThe Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger Brokers bolstered its cooperation with top international asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.\nAs a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.\nOver 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore\nTiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.\nIn Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.\nIn addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.\nIn New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.\nThe Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.\n262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies\nOther income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.\nOn the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.\nThe Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.\nA growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share & A-share companies as well as the ability to retrace historical data.\nTiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.\nIn the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.\nIn order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876524155,"gmtCreate":1637333579200,"gmtModify":1637333580374,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>完蛋了咯","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>完蛋了咯","text":"$Tiger Brokers(TIGR)$完蛋了咯","images":[{"img":"https://static.tigerbbs.com/c90a8b084c99920443c54505fe0500a5","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876524155","isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":840195944,"gmtCreate":1635602504521,"gmtModify":1635602504785,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Hold till you close!!&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Hold till you close!!&nbsp;","text":"$Tiger Brokers(TIGR)$Hold till you close!!","images":[{"img":"https://static.tigerbbs.com/027b97000074152541e9fe3d1f13ed24","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/840195944","isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":127764900,"gmtCreate":1624869906600,"gmtModify":1631888389434,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIRX\">$TIAN RUIXIANG Holdings(TIRX)$</a>吐血","listText":"<a href=\"https://laohu8.com/S/TIRX\">$TIAN RUIXIANG Holdings(TIRX)$</a>吐血","text":"$TIAN RUIXIANG Holdings(TIRX)$吐血","images":[{"img":"https://static.tigerbbs.com/b9db17ce507fb02cf2fe5b2a6fda9853","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127764900","isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":363220222,"gmtCreate":1614143823666,"gmtModify":1634550996218,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>🐯老虎加油，破80点 我就卖了 🙈 我应该是疯了","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>🐯老虎加油，破80点 我就卖了 🙈 我应该是疯了","text":"$Tiger Brokers(TIGR)$🐯老虎加油，破80点 我就卖了 🙈 我应该是疯了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363220222","isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874165205,"gmtCreate":1637745379246,"gmtModify":1637745588606,"author":{"id":"3575806637721070","authorId":"3575806637721070","name":"卖狗为生","avatar":"https://static.tigerbbs.com/0b2650c06cb2e648561275b5570e3d27","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575806637721070","idStr":"3575806637721070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>苏醒吧？","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>苏醒吧？","text":"$Tiger Brokers(TIGR)$苏醒吧？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874165205","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}