The Xiaomi-backed online brokerage has secured series B funding from a range of investors including new strategic partner Citic.

Tiger Brokers, a China-based online brokerage backed by smartphone producer Xiaomi, has raised RMB200m ($29m) in series B funding, China Money Network has reported.

The round featured Citic GoldStone Fund Management, part of Chinese state-owned investment firm Citic, as well as private equity firm Huagai Capital, venture capital fund Zhen Fund and China Renaissance K2 Ventures, a subsidiary of merchant bank China Renaissance.

Tiger Brokers operates a brokerage service for Chinese investors that want to trade foreign securities, with shares…