Young people in China are increasingly using their phones to manage their wealth and trade stocks. Photo: EPA-EFE
Tencent-backed online brokerage Futu taps Hong Kong IPO frenzy to lure paying users
- Futu is tapping investors’ hunger for IPOs to lure more paying customers, targeting Chinese millennials as more people trade stocks on smartphones
- Hong Kong has hosted 125 IPOs raising US$39.1 billion so far this year, putting it on track to finish the year with the highest fund raised in 10 years
Young people in China are increasingly using their phones to manage their wealth and trade stocks. Photo: EPA-EFE
