The Xiaomi-backed digital brokerage closed the round at a valuation of more than $1bn and will spend the cash on hiring and R&D.
Tiger Brokers, a China-based online brokerage backed by electronics producer Xiaomi, has completed an $80m series C round that valued it at $1.06bn, the South China Morning Post has reported.
The round was co-led by Prospect Avenue Capital, private equity firm Orient Hontai Capital and investment management firm Oceanpine Capital, and follows an investment of undisclosed size by digital brokerage Interactive Brokers Group in September 2017.
Tiger Brokers runs an online brokerage service allowing Chinese investors to trade stocks…
