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UP Fintech, the parent company of Tiger Brokers, reported a 31.4% year-over-year increase in second-quarter revenue, reaching a record $182.3 million, as overseas expansion offset the impact of regulatory changes in mainland China.
UP Fintech Holding (parent company of Tiger Brokers) announced on Wednesday that its second-quarter revenue increased by 31.4% year-over-year to a record $182.3 million. However, net income attributable to shareholders declined to $39.4 million from $41.4 million in the same period last year. Futu Holdings also reported strong second-quarter growth figures, with both companies expanding overseas to counter mainland China's crackdown on illicit cross-border stock trading.
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