Jim Rogers, chairman of Rogers Holdings and a renowned stock investor, has agreed to invest in Beijing-based online brokerage firm Tiger Brokers in the Wall Street investors' first attempt to back a Chinese technology start-up.
The announcement came a week after Tiger Brokers said it had raised RMB100 million (US$14 million) in a series B+ round led by China Growth Capital. The company did not disclose how much Rogers has agreed to invest.
"What Tiger has been doing, which is use technology to trade around the world, reserve a bright future," said Rogers. He is bullish on the growth momentum of China's fintech industry, claiming that the Internet-driven transformation across the financial sector will bring benefits to the ever-growing Chinese investors who are demand to optimize their asset allocation.
"Everybody will be able to tra...
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