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2025-08-13
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Tiger Brokers: Profit Hits Record High; Client Assets Reached US$45.9 Billion<blockquote>老虎证券：利润创历史新高；客户资产达459亿美元</blockquote>
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UP Fintech achieved a total revenue of ","content":"<p><html><head></head><body>UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the first quarter ended March 31, 2025. UP Fintech achieved a total revenue of US$122.6 million in the first quarter, representing a 55.3% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders surged to US$36 million, up 18.3% quarter-over-quarter (QoQ) and 145% YoY, hitting a historical record. The company added 77,000 new accounts in Q1, up 49.8% YoY, bringing its total global accounts to 2.53 million. Funded accounts increased by 60,900, driving total funded clients up 23.5% YoY to 1.15 million. Trading volume in Q1 soared 154.6% YoY to US$217.5 billion. Net deposits remained robust at US$3.4 billion, propelled client assets to US$45.9 billion, nearly a 10% QoQ and 39.5% YoY increase, reaching a record high. </p><p><blockquote><html><head></head><body>老虎证券控股有限公司（纳斯达克：TIGR）（“老虎证券”或“公司”）公布了截至2025年3月31日的第一季度未经审计的财务业绩。老虎证券第一季度实现总收入1.226亿美元，同比增长55.3%。归属于老虎证券股东的非公认会计准则净利润飙升至3600万美元，环比（QoQ）增长18.3%，同比增长145%，创下历史纪录。该公司第一季度新增账户7.7万个，同比增长49.8%，全球账户总数达到253万个。基金账户增加6.09万户，带动基金客户总数同比增长23.5%至115万户。Q1交易量同比飙升154.6%至2175亿美元。净存款保持强劲，达到34亿美元，推动客户资产达到459亿美元，环比增长近10%，同比增长39.5%，创历史新高。</body></html></blockquote></p><p><strong>UP Fintech's founder and CEO, Wu Tianhua</strong>, stated: "In Q1, the company achieved breakthroughs in both financial and operational aspects, with sustained growth in revenues and profits. Notably, non-GAAP net profit surged 145% YoY, reaching a record high. Tiger has gained recognition from more HNW clients across markets — total client assets in Greater China grew over 20% QoQ, with new funded clients in Hong Kong averaging over US$30,000 in net asset inflows. As of now, Q1 new funded clients have already achieved 40% of the annual guidance, providing a solid user foundation for our full-year performance goals." </p><p><blockquote><strong>老虎证券创始人兼首席执行官巫天华</strong>，表示：“Q1，公司在财务和运营方面都实现了突破，收入和利润持续增长。值得注意的是，非公认会计准则净利润同比飙升145%，创历史新高。老虎获得了更多高净值客户的认可跨市场——大中华区客户总资产环比增长超过20%，香港新融资客户平均净资产流入超过3万美元。截至目前，Q1新增获资客户已经完成年度指引的40%，为我们全年业绩目标提供了坚实的用户基础。”</blockquote></p><p>"To further enhance the trading experience for platform users, Tiger has continuously optimized and innovated its product features. Recently, we also officially launched cryptocurrency deposit and withdrawal services in Hong Kong. Investors can now seamlessly manage mainstream cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) through our flagship trading app. Additionally, Tiger has strengthened its AI capabilities with the upgrade from TigerGPT to TigerAI, now offering watchlist, portfolio and options analysis for smarter, data-driven decisions. We've also enhanced options and US stock trading with features like options position analysis, TP/SL for combo strategies, and historical intraday data — improving user experience and lowering the barrier to global investing." </p><p><blockquote>“为了进一步提升平台用户的交易体验，老虎不断优化和创新其产品功能。最近，我们还在香港正式推出加密货币存款和取款服务。投资者现在可以通过我们的旗舰交易应用程序无缝管理比特币（BTC）和以太币（ETH）等主流加密货币。此外，老虎还通过从TigerGPT升级到TigerAI，加强了其人工智能能力，现在提供观察列表、投资组合和期权分析，以实现更智能、数据驱动的决策。我们还通过期权头寸分析、组合策略的TP/SL和历史日内数据等功能增强了期权和美国股票交易——改善了用户体验并降低了全球投资的障碍。”</blockquote></p><p><strong>SG: Q1 Trading Volume Up 81.5% YoY, Wins Three "AAA Digital Awards" from <em>The Asset</em></strong> </p><p><blockquote><strong>SG：Q1交易量同比增长81.5%，荣获来自<em>资产</em></strong></blockquote></p><p><strong>HK: Attracting HNW Clients with Average Net Asset Inflows Exceeding US$30,000</strong> </p><p><blockquote><strong>香港：吸引平均净资产流入超过30,000美元的高净值客户</strong></blockquote></p><p>In Singapore, Tiger Brokers maintained strong growth momentum, with trading activity continuing to rise. Total trading volume and orders in Singapore surged 81.5% and 65.8% YoY, respectively. US stock and Singapore stock trading volumes grew 71.3% and 61.2% YoY, while US options trading stood out, with trading volume and orders skyrocketing 127.7% and 82.1% YoY. The Cash Boost trading account remained popular among local investors, with Q1 orders up 11.4% QoQ and active traders increasing 12.5% QoQ. Tiger also strengthened its local presence with the launch of the L.E.A.P. Program, designed to cultivate Singapore's next generation of financial talent — reinforcing its long-term commitment to the industry’s growth. Additionally, Tiger received three accolades at <em>The Asset</em> magazine’s 2025 "AAA Digital Awards," including "Digital Broker of the Year" and "Best Brokerage App" in Singapore, while its subsidiary Tiger Fund Management was honored as "Digital Fund Manager of the Year". </p><p><blockquote>在新加坡，老虎证券保持强劲增长势头，交易活跃度持续上升。新加坡的总交易量和订单分别同比飙升81.5%和65.8%。美国股票和新加坡股票交易量同比增长71.3%和61.2%，而美国期权交易表现突出，交易量和订单同比飙升127.7%和82.1%。Cash Boost交易账户仍然受到当地投资者的欢迎，第一季度订单环比增长11.4%，活跃交易者环比增长12.5%。随着L.E.A.P.的推出，Tiger还加强了其在当地的影响力。计划，旨在培养新加坡下一代金融人才——加强其对行业增长的长期承诺。此外，Tiger还获得了三项荣誉<em>资产</em>杂志2025年“AAA数字大奖”，包括新加坡“年度数字经纪商”和“最佳经纪应用”，而旗下老虎基金管理则荣膺“年度数字基金经理”。</blockquote></p><p>Hong Kong continued to attract high-quality clients with Tiger's competitive global trading services. In Q1, local account openings rose 27% QoQ, and new funded clients averaged over US$30,000 in net asset inflows. The Hong Kong stock market demonstrated strong appeal, with trading orders and trading volume for Hong Kong stocks rising 51.7% and 78% QoQ, respectively. Hong Kong options trading saw explosive growth, with trading orders and volume surging 7x and 10x QoQ, highlighting robust demand for derivatives. Cash products remained popular, with the US Treasury trading volume increasing 90% QoQ, HKD money fund orders and volume rising 88% and 94.5% QoQ, and USD money fund orders and volume rising 62% and 89% QoQ. Additionally, Tiger officially launched cryptocurrency deposit and withdrawal services in Hong Kong, allowing investors to manage popular cryptocurrencies like BTC and ETH seamlessly on its platform. </p><p><blockquote>香港继续凭借老虎具有竞争力的全球交易服务吸引优质客户。Q1本地开户环比增长27%，新增资金客户平均净资产流入超过3万美元。港股市场表现出强大吸引力，港股交易订单和成交量环比分别上升51.7%和78%。香港期权交易出现爆炸性增长，交易订单和成交量环比飙升7倍和10倍，凸显了对衍生品的强劲需求。现金产品仍然受欢迎，美国国债交易量环比增长90%，港元货币基金订单和交易量环比增长88%和94.5%，美元货币基金订单和交易量环比增长62%和89%。此外，老虎在香港正式推出加密货币存款和取款服务，允许投资者在其平台上无缝管理BTC和ETH等热门加密货币。</blockquote></p><p>In the US, TradeUP sustained strong momentum across key metrics, reflecting improved overall business performance.<strong> </strong>Local client trading activity surged, with trading volume up 131% QoQ. New funded clients grew 28.4% QoQ, while client assets rose 19% QoQ. Strengthened institutional business capabilities drove further scale, with Q1 commission revenue jumping 56.4% QoQ. </p><p><blockquote>在美国，TradeUP在关键指标上保持强劲势头，反映出整体业务业绩的改善。<strong></strong>本地客户交易活动激增，交易量环比增长131%。新融资客户环比增长28.4%，客户资产环比增长19%。机构业务能力增强推动规模进一步扩大，Q1佣金收入环比跃升56.4%。</blockquote></p><p></p><p>In Australia, the Company earned growing trust from clients with strengthened services and brand presence. In Q1, deposit amounts and funded clients rose by 71% and 37% YoY, showcasing strong business momentum. Tiger also won multiple local awards, including winning WeMoney 2025's "Best Features Award," and securing two awards in Mozo's Expert Choice Awards for 2025 "Online Share Trading – Casual ASX and ETF Investor" categories. Tiger Brokers Australia was also ranked as number one on Finder's best options trading platforms list for 2025.</p><p><blockquote>在澳大利亚，该公司通过加强服务和品牌影响力赢得了客户越来越多的信任。第一季度，存款金额和受资客户同比增长71%和37%，展现出强劲的业务势头。Tiger还赢得了多个当地奖项，包括赢得WeMoney 2025年“最佳功能奖”，并在Mozo的2025年专家选择奖“在线股票交易-休闲ASX和ETF投资者”类别中获得两项奖项。老虎证券澳洲还在Finder的2025年最佳期权交易平台排行榜上排名第一。</blockquote></p><p>In New Zealand, Tiger continued to attract high-quality clients. In Q1, net deposits surged 211.7% YoY and 66.6% QoQ. The number of trading accounts climbed 74% YoY, with particularly strong performance in the US market — US equities orders increased 108.8% YoY, while US options orders jumped 161.5%, reflecting strong local investor interest in US markets.</p><p><blockquote>在新西兰，Tiger继续吸引优质客户。第一季度，净存款同比增长211.7%，环比增长66.6%。交易账户数量同比增长74%，其中美国市场表现尤为强劲——美国股票订单同比增长108.8%，而美国期权订单则跃升161.5%，反映了当地投资者对美国市场的浓厚兴趣。</blockquote></p><p><strong>TigerAI Gets Major Upgrade, Options Features Further Enhanced</strong> </p><p><blockquote><strong>TigerAI获得重大升级，选项功能进一步增强</strong></blockquote></p><p><strong>IPO Subscriptions Jump 11x, Tiger Hits HK$ 100B Milestone in Mixue IPO Subscription</strong></p><p><blockquote><strong>IPO认购跃升11倍，老虎蜜雪IPO认购突破100B港元里程碑</strong></blockquote></p><p>In Q1, commission income reached US$58.3 million, up 109.8% YoY, while interest-related income grew 20.8% YoY to US$56.4 million. The Company continues to enhance its platform features to further improve user experience and efficiency in global asset allocation. The Tiger Trade app launched a dedicated crypto section for easy access to crypto prices, related concept stocks, and ETFs - enabling a more streamlined way to capture market opportunities. Trade feed added Super Disclosure feature allowing users to view full trading history, positions, and returns in the past three months. This allows users to intuitively refer to the strategy logic of high-yield live trading accounts. The platform also introduced a consolidated account analysis page and added a P&L view in the fund section to help users better evaluate portfolio performance. Options trading tools were further strengthened with position analysis, support for take-profit/stop-loss in combo strategies, and new volatility metrics like IV rankings and percentiles - helping users better assess risk and opportunity. US equities, the Fear & Greed Index and historical intraday data for stocks and options have also been added to support more informed, data-driven decisions. Following a major upgrade, TigerAI now offers options, portfolio, and watchlist analysis assistants - delivering smarter, more personalized investment insights to help users make faster, more informed decisions.</p><p><blockquote>第一季度，佣金收入达到5830万美元，同比增长109.8%，利息相关收入同比增长20.8%至5640万美元。公司持续增强平台功能，进一步提升用户体验和全球资产配置效率。Tiger Trade应用程序推出了专门的加密货币部分，可以轻松访问加密货币价格、相关概念股和ETF，从而以更简化的方式捕捉市场机会。Trade feed增加了超级披露功能，允许用户查看过去三个月的完整交易历史、头寸和回报。这让用户可以直观地参考高收益直播交易账户的策略逻辑。该平台还引入了合并账户分析页面，并在基金部分添加了损益视图，以帮助用户更好地评估投资组合表现。期权交易工具通过头寸分析、对组合策略中止盈/止损的支持以及IV排名和百分位数等新的波动率指标得到了进一步加强，帮助用户更好地评估风险和机会。还添加了美国股票、恐惧与贪婪指数以及股票和期权的历史盘中数据，以支持更明智、数据驱动的决策。经过重大升级后，TigerAI现在提供期权、投资组合和观察列表分析助手——提供更智能、更个性化的投资见解，帮助用户做出更快、更明智的决策。</blockquote></p><p>IPO subscription business sustained explosive growth, with subscribers up 11x YoY and subscription volume soaring 800x YoY and 13x QoQ. Nearly 40% were first-time subscribers, underscoring strong appeal to new users. Tiger delivered a standout performance across several high-profile IPOs, most notably achieving a record-breaking subscription amount of over HK$ 100 billion in the Mixue Group Hong Kong listing.</p><p><blockquote>IPO认购业务持续爆发式增长，认购人数同比增长11倍，认购量同比飙升800倍，环比飙升13倍。近40%是首次订阅者，凸显了对新用户的强大吸引力。老虎在几次备受瞩目的IPO中表现出色，最引人注目的是在蜜雪集团香港上市中实现了创纪录的超过1000亿港元的认购金额。</blockquote></p><p>The Company's wealth management business grew steadily, with Q1 AUC surging 205% YoY in Q1. The number of users rose 85% YoY and 41% QoQ. Wealth penetration reached 22% among newly funded clients in Q1 — meaning 1 in every 5 new Tiger clients subscribed to at least one wealth product. With the rebound of the Hong Kong stock market, demand for Wealth products among local clients has grown significantly, with a 31.5% wealth penetration rate among new clients in the region. As market dynamics shift between US and Chinese equities, Tiger's cash management tool, Tiger Vault, continued to gain strong traction. In Q1, Tiger Vault’s total AUC rose nearly 44% QoQ, while its user base grew over 22.5%. Growth in HKD Vault products was particularly notable, with AUC up 113% and users up over 70% QoQ. In addition, Tiger continues to enrich its structured product offerings by leveraging technology to enhance traditional private banking solutions, aligning with market momentum and investor demand. With growing interest and repeat investment from high-net-worth clients, structured note trading volume rose nearly 42% QoQ.</p><p><blockquote>公司财富管理业务稳步增长，Q1 AUC同比飙升205%。用户数量同比增长85%，环比增长41%。第一季度新基金客户的财富渗透率达到22%，这意味着每5个老虎新客户中就有1个认购了至少一种财富产品。随着港股市场的反弹，本地客户对财富产品的需求显著增长，区内新增客户财富渗透率达31.5%。随着美国和中国股市之间的市场动态转变，老虎的现金管理工具Tiger Vault继续获得强劲的吸引力。第一季度，Tiger Vault的总AUC环比增长近44%，用户群增长超过22.5%。HKD Vault产品的增长尤其显著，AUC增长113%，用户环比增长超过70%。此外，老虎继续丰富其结构化产品，利用技术增强传统私人银行解决方案，与市场势头和投资者需求保持一致。随着高净值客户的兴趣和重复投资不断增长，结构性票据交易量环比增长近42%。</blockquote></p><p>The TradingFront Turnkey Asset Management Platform (TAMP) continued to strengthen its service capabilities. In Q1, wealth management AUC on the TradingFront platform achieved double-digit QoQ growth, with auto-invest accounts up 20.8%. The platform expanded its structured product offerings to cover more note types, including Sharkfin, SDFCN, BEN, and DQ, supporting institutional clients in diversifying their portfolios. As a result, total structured note trading volume on the platform increased 53.6% QoQ, driving strong overall business growth.</p><p><blockquote>TradingFront交钥匙资产管理平台（TAMP）持续加强服务能力。第一季度，TradingFront平台的财富管理AUC实现了两位数的环比增长，其中auto-invest账户增长了20.8%。该平台扩大了其结构性产品供应，涵盖更多票据类型，包括Sharkfin、SDFCN、BEN和DQ，支持机构客户多元化其投资组合。因此，平台上的结构性票据总交易量环比增长53.6%，推动整体业务强劲增长。</blockquote></p><p></p><p>In Q1 2025, Tiger's asset management team was among the first to flag risks of a major US market pullback with its "Rise of the East, Decline of the West" outlook. The team focused on key themes like China's AI momentum and macro asset allocation under tariff tensions, delivering timely insights and exclusive sessions for high-net-worth clients. Thanks to its disciplined strategy and market foresight, Tiger's asset management products outperformed with lower downside risk, earning strong trust and continued support from its HNW client base.</p><p><blockquote>2025年第一季度，老虎的资产管理团队是最早以“东方崛起，西方衰落”的展望指出美国市场大幅回调风险的团队之一。该团队专注于关键主题，如中国的人工智能势头和关税紧张局势下的宏观资产配置，为高净值客户提供及时的见解和独家会议。得益于严谨的策略和市场远见，老虎的资产管理产品表现出色，下行风险较低，赢得了高净值客户群的强烈信任和持续支持。</blockquote></p><p><strong>Investment Banking: Underwrote 4 HK IPOs, Participated in Top 3 HK IPOs</strong></p><p><blockquote><strong>投行：承销4宗香港IPO，参与前3宗香港IPO</strong></blockquote></p><p><strong>ESOP SaaS Revenue Grows Steadily with Rising Client Retention</strong> </p><p><blockquote><strong>ESOP SaaS收入稳步增长，客户保留率不断提高</strong></blockquote></p><p>UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$7.9 million. The Company underwrote 4 Hong Kong IPOs, including BrainAurora Medical Technology, Contiocean Environment Tech Group, Chifeng Gold and Nanshan Aluminum. It also participated in the distribution of the top three Hong Kong IPOs by fundraising volume in Q1. Notably, Tiger played a key role in the record-breaking IPO of Mixue Group, which saw a subscription multiple of 5,324 times and total demand reaching HK$1.84 trillion. Tiger offered up to 200x leverage for the deal with an average of 108x across all participants and attracted over 10,000 subscribers.</p><p><blockquote>老虎证券的其他收入，包括投资银行和员工持股计划（ESOP）等服务，达到790万美元。公司承销了BrainAurora Medical Technology、Contiocean Environment Tech Group、赤峰黄金和南山铝业等4家香港IPO。还参与了Q1港股IPO募资额前三的分布。值得注意的是，老虎在蜜雪集团创纪录的IPO中发挥了关键作用，认购倍数达到5324倍，总需求达到1.84万亿港元。Tiger为该交易提供了高达200倍的杠杆，所有参与者的平均杠杆为108倍，并吸引了超过10,000名订阅者。</blockquote></p><p>On the ESOP front, the Company's UponeShare service added 20 enterprise clients this quarter, bringing the total number of serviced enterprise clients to 633. Meanwhile, the company's ESOP SaaS revenue increased 45.4% YoY. Backed by strong service capabilities and positive client feedback, customer loyalty continued to rise, with repeat order value increasing 32.7% YoY.</p><p><blockquote>在ESOP方面，该公司的UponeShare服务本季度增加了20家企业客户，使服务的企业客户总数达到633家。与此同时，公司ESOP SaaS收入同比增长45.4%。凭借强大的服务能力和积极的客户反馈，客户忠诚度持续上升，重复订单价值同比增长32.7%。</blockquote></p><p>Tiger Enterprise Account onboarded 12 clients in Q1, including Pony.ai and Hesai Technology, bringing the total number of corporate accounts to 478. Tiger partnered with Kuaishou to livestream the 2025 Magnetic Conference, which explored how AI is reshaping the entire marketing and business value chain — offering investors a panoramic view of the next-generation AI-driven commercial ecosystem. Tiger also streamed Lei Jun’s Lunar New Year broadcast and the REDMI Turbo 4 launch, offering insights into trends in consumer electronics.</p><p><blockquote>老虎企业号Q1入驻小马智行、禾赛科技等12家客户，企业号总数达到478家。老虎与快手合作直播2025 Magnetic Conference，探讨人工智能如何重塑整个营销和商业价值链，为投资者提供下一代人工智能驱动的商业生态系统的全景。Tiger还直播了雷军的农历新年广播和REDMI Turbo 4发布会，提供了对消费电子趋势的见解。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Brokers: Profit Hits Record High; Client Assets Reached US$45.9 Billion<blockquote>老虎证券：利润创历史新高；客户资产达459亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Brokers: Profit Hits Record High; Client Assets Reached US$45.9 Billion<blockquote>老虎证券：利润创历史新高；客户资产达459亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2025-05-30 16:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the first quarter ended March 31, 2025. UP Fintech achieved a total revenue of US$122.6 million in the first quarter, representing a 55.3% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders surged to US$36 million, up 18.3% quarter-over-quarter (QoQ) and 145% YoY, hitting a historical record. The company added 77,000 new accounts in Q1, up 49.8% YoY, bringing its total global accounts to 2.53 million. Funded accounts increased by 60,900, driving total funded clients up 23.5% YoY to 1.15 million. Trading volume in Q1 soared 154.6% YoY to US$217.5 billion. Net deposits remained robust at US$3.4 billion, propelled client assets to US$45.9 billion, nearly a 10% QoQ and 39.5% YoY increase, reaching a record high. </p><p><blockquote><html><head></head><body>老虎证券控股有限公司（纳斯达克：TIGR）（“老虎证券”或“公司”）公布了截至2025年3月31日的第一季度未经审计的财务业绩。老虎证券第一季度实现总收入1.226亿美元，同比增长55.3%。归属于老虎证券股东的非公认会计准则净利润飙升至3600万美元，环比（QoQ）增长18.3%，同比增长145%，创下历史纪录。该公司第一季度新增账户7.7万个，同比增长49.8%，全球账户总数达到253万个。基金账户增加6.09万户，带动基金客户总数同比增长23.5%至115万户。Q1交易量同比飙升154.6%至2175亿美元。净存款保持强劲，达到34亿美元，推动客户资产达到459亿美元，环比增长近10%，同比增长39.5%，创历史新高。</body></html></blockquote></p><p><strong>UP Fintech's founder and CEO, Wu Tianhua</strong>, stated: "In Q1, the company achieved breakthroughs in both financial and operational aspects, with sustained growth in revenues and profits. Notably, non-GAAP net profit surged 145% YoY, reaching a record high. Tiger has gained recognition from more HNW clients across markets — total client assets in Greater China grew over 20% QoQ, with new funded clients in Hong Kong averaging over US$30,000 in net asset inflows. As of now, Q1 new funded clients have already achieved 40% of the annual guidance, providing a solid user foundation for our full-year performance goals." </p><p><blockquote><strong>老虎证券创始人兼首席执行官巫天华</strong>，表示：“Q1，公司在财务和运营方面都实现了突破，收入和利润持续增长。值得注意的是，非公认会计准则净利润同比飙升145%，创历史新高。老虎获得了更多高净值客户的认可跨市场——大中华区客户总资产环比增长超过20%，香港新融资客户平均净资产流入超过3万美元。截至目前，Q1新增获资客户已经完成年度指引的40%，为我们全年业绩目标提供了坚实的用户基础。”</blockquote></p><p>"To further enhance the trading experience for platform users, Tiger has continuously optimized and innovated its product features. Recently, we also officially launched cryptocurrency deposit and withdrawal services in Hong Kong. Investors can now seamlessly manage mainstream cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) through our flagship trading app. Additionally, Tiger has strengthened its AI capabilities with the upgrade from TigerGPT to TigerAI, now offering watchlist, portfolio and options analysis for smarter, data-driven decisions. We've also enhanced options and US stock trading with features like options position analysis, TP/SL for combo strategies, and historical intraday data — improving user experience and lowering the barrier to global investing." </p><p><blockquote>“为了进一步提升平台用户的交易体验，老虎不断优化和创新其产品功能。最近，我们还在香港正式推出加密货币存款和取款服务。投资者现在可以通过我们的旗舰交易应用程序无缝管理比特币（BTC）和以太币（ETH）等主流加密货币。此外，老虎还通过从TigerGPT升级到TigerAI，加强了其人工智能能力，现在提供观察列表、投资组合和期权分析，以实现更智能、数据驱动的决策。我们还通过期权头寸分析、组合策略的TP/SL和历史日内数据等功能增强了期权和美国股票交易——改善了用户体验并降低了全球投资的障碍。”</blockquote></p><p><strong>SG: Q1 Trading Volume Up 81.5% YoY, Wins Three "AAA Digital Awards" from <em>The Asset</em></strong> </p><p><blockquote><strong>SG：Q1交易量同比增长81.5%，荣获来自<em>资产</em></strong></blockquote></p><p><strong>HK: Attracting HNW Clients with Average Net Asset Inflows Exceeding US$30,000</strong> </p><p><blockquote><strong>香港：吸引平均净资产流入超过30,000美元的高净值客户</strong></blockquote></p><p>In Singapore, Tiger Brokers maintained strong growth momentum, with trading activity continuing to rise. Total trading volume and orders in Singapore surged 81.5% and 65.8% YoY, respectively. US stock and Singapore stock trading volumes grew 71.3% and 61.2% YoY, while US options trading stood out, with trading volume and orders skyrocketing 127.7% and 82.1% YoY. The Cash Boost trading account remained popular among local investors, with Q1 orders up 11.4% QoQ and active traders increasing 12.5% QoQ. Tiger also strengthened its local presence with the launch of the L.E.A.P. Program, designed to cultivate Singapore's next generation of financial talent — reinforcing its long-term commitment to the industry’s growth. Additionally, Tiger received three accolades at <em>The Asset</em> magazine’s 2025 "AAA Digital Awards," including "Digital Broker of the Year" and "Best Brokerage App" in Singapore, while its subsidiary Tiger Fund Management was honored as "Digital Fund Manager of the Year". </p><p><blockquote>在新加坡，老虎证券保持强劲增长势头，交易活跃度持续上升。新加坡的总交易量和订单分别同比飙升81.5%和65.8%。美国股票和新加坡股票交易量同比增长71.3%和61.2%，而美国期权交易表现突出，交易量和订单同比飙升127.7%和82.1%。Cash Boost交易账户仍然受到当地投资者的欢迎，第一季度订单环比增长11.4%，活跃交易者环比增长12.5%。随着L.E.A.P.的推出，Tiger还加强了其在当地的影响力。计划，旨在培养新加坡下一代金融人才——加强其对行业增长的长期承诺。此外，Tiger还获得了三项荣誉<em>资产</em>杂志2025年“AAA数字大奖”，包括新加坡“年度数字经纪商”和“最佳经纪应用”，而旗下老虎基金管理则荣膺“年度数字基金经理”。</blockquote></p><p>Hong Kong continued to attract high-quality clients with Tiger's competitive global trading services. In Q1, local account openings rose 27% QoQ, and new funded clients averaged over US$30,000 in net asset inflows. The Hong Kong stock market demonstrated strong appeal, with trading orders and trading volume for Hong Kong stocks rising 51.7% and 78% QoQ, respectively. Hong Kong options trading saw explosive growth, with trading orders and volume surging 7x and 10x QoQ, highlighting robust demand for derivatives. Cash products remained popular, with the US Treasury trading volume increasing 90% QoQ, HKD money fund orders and volume rising 88% and 94.5% QoQ, and USD money fund orders and volume rising 62% and 89% QoQ. Additionally, Tiger officially launched cryptocurrency deposit and withdrawal services in Hong Kong, allowing investors to manage popular cryptocurrencies like BTC and ETH seamlessly on its platform. </p><p><blockquote>香港继续凭借老虎具有竞争力的全球交易服务吸引优质客户。Q1本地开户环比增长27%，新增资金客户平均净资产流入超过3万美元。港股市场表现出强大吸引力，港股交易订单和成交量环比分别上升51.7%和78%。香港期权交易出现爆炸性增长，交易订单和成交量环比飙升7倍和10倍，凸显了对衍生品的强劲需求。现金产品仍然受欢迎，美国国债交易量环比增长90%，港元货币基金订单和交易量环比增长88%和94.5%，美元货币基金订单和交易量环比增长62%和89%。此外，老虎在香港正式推出加密货币存款和取款服务，允许投资者在其平台上无缝管理BTC和ETH等热门加密货币。</blockquote></p><p>In the US, TradeUP sustained strong momentum across key metrics, reflecting improved overall business performance.<strong> </strong>Local client trading activity surged, with trading volume up 131% QoQ. New funded clients grew 28.4% QoQ, while client assets rose 19% QoQ. Strengthened institutional business capabilities drove further scale, with Q1 commission revenue jumping 56.4% QoQ. </p><p><blockquote>在美国，TradeUP在关键指标上保持强劲势头，反映出整体业务业绩的改善。<strong></strong>本地客户交易活动激增，交易量环比增长131%。新融资客户环比增长28.4%，客户资产环比增长19%。机构业务能力增强推动规模进一步扩大，Q1佣金收入环比跃升56.4%。</blockquote></p><p></p><p>In Australia, the Company earned growing trust from clients with strengthened services and brand presence. In Q1, deposit amounts and funded clients rose by 71% and 37% YoY, showcasing strong business momentum. Tiger also won multiple local awards, including winning WeMoney 2025's "Best Features Award," and securing two awards in Mozo's Expert Choice Awards for 2025 "Online Share Trading – Casual ASX and ETF Investor" categories. Tiger Brokers Australia was also ranked as number one on Finder's best options trading platforms list for 2025.</p><p><blockquote>在澳大利亚，该公司通过加强服务和品牌影响力赢得了客户越来越多的信任。第一季度，存款金额和受资客户同比增长71%和37%，展现出强劲的业务势头。Tiger还赢得了多个当地奖项，包括赢得WeMoney 2025年“最佳功能奖”，并在Mozo的2025年专家选择奖“在线股票交易-休闲ASX和ETF投资者”类别中获得两项奖项。老虎证券澳洲还在Finder的2025年最佳期权交易平台排行榜上排名第一。</blockquote></p><p>In New Zealand, Tiger continued to attract high-quality clients. In Q1, net deposits surged 211.7% YoY and 66.6% QoQ. The number of trading accounts climbed 74% YoY, with particularly strong performance in the US market — US equities orders increased 108.8% YoY, while US options orders jumped 161.5%, reflecting strong local investor interest in US markets.</p><p><blockquote>在新西兰，Tiger继续吸引优质客户。第一季度，净存款同比增长211.7%，环比增长66.6%。交易账户数量同比增长74%，其中美国市场表现尤为强劲——美国股票订单同比增长108.8%，而美国期权订单则跃升161.5%，反映了当地投资者对美国市场的浓厚兴趣。</blockquote></p><p><strong>TigerAI Gets Major Upgrade, Options Features Further Enhanced</strong> </p><p><blockquote><strong>TigerAI获得重大升级，选项功能进一步增强</strong></blockquote></p><p><strong>IPO Subscriptions Jump 11x, Tiger Hits HK$ 100B Milestone in Mixue IPO Subscription</strong></p><p><blockquote><strong>IPO认购跃升11倍，老虎蜜雪IPO认购突破100B港元里程碑</strong></blockquote></p><p>In Q1, commission income reached US$58.3 million, up 109.8% YoY, while interest-related income grew 20.8% YoY to US$56.4 million. The Company continues to enhance its platform features to further improve user experience and efficiency in global asset allocation. The Tiger Trade app launched a dedicated crypto section for easy access to crypto prices, related concept stocks, and ETFs - enabling a more streamlined way to capture market opportunities. Trade feed added Super Disclosure feature allowing users to view full trading history, positions, and returns in the past three months. This allows users to intuitively refer to the strategy logic of high-yield live trading accounts. The platform also introduced a consolidated account analysis page and added a P&L view in the fund section to help users better evaluate portfolio performance. Options trading tools were further strengthened with position analysis, support for take-profit/stop-loss in combo strategies, and new volatility metrics like IV rankings and percentiles - helping users better assess risk and opportunity. US equities, the Fear & Greed Index and historical intraday data for stocks and options have also been added to support more informed, data-driven decisions. Following a major upgrade, TigerAI now offers options, portfolio, and watchlist analysis assistants - delivering smarter, more personalized investment insights to help users make faster, more informed decisions.</p><p><blockquote>第一季度，佣金收入达到5830万美元，同比增长109.8%，利息相关收入同比增长20.8%至5640万美元。公司持续增强平台功能，进一步提升用户体验和全球资产配置效率。Tiger Trade应用程序推出了专门的加密货币部分，可以轻松访问加密货币价格、相关概念股和ETF，从而以更简化的方式捕捉市场机会。Trade feed增加了超级披露功能，允许用户查看过去三个月的完整交易历史、头寸和回报。这让用户可以直观地参考高收益直播交易账户的策略逻辑。该平台还引入了合并账户分析页面，并在基金部分添加了损益视图，以帮助用户更好地评估投资组合表现。期权交易工具通过头寸分析、对组合策略中止盈/止损的支持以及IV排名和百分位数等新的波动率指标得到了进一步加强，帮助用户更好地评估风险和机会。还添加了美国股票、恐惧与贪婪指数以及股票和期权的历史盘中数据，以支持更明智、数据驱动的决策。经过重大升级后，TigerAI现在提供期权、投资组合和观察列表分析助手——提供更智能、更个性化的投资见解，帮助用户做出更快、更明智的决策。</blockquote></p><p>IPO subscription business sustained explosive growth, with subscribers up 11x YoY and subscription volume soaring 800x YoY and 13x QoQ. Nearly 40% were first-time subscribers, underscoring strong appeal to new users. Tiger delivered a standout performance across several high-profile IPOs, most notably achieving a record-breaking subscription amount of over HK$ 100 billion in the Mixue Group Hong Kong listing.</p><p><blockquote>IPO认购业务持续爆发式增长，认购人数同比增长11倍，认购量同比飙升800倍，环比飙升13倍。近40%是首次订阅者，凸显了对新用户的强大吸引力。老虎在几次备受瞩目的IPO中表现出色，最引人注目的是在蜜雪集团香港上市中实现了创纪录的超过1000亿港元的认购金额。</blockquote></p><p>The Company's wealth management business grew steadily, with Q1 AUC surging 205% YoY in Q1. The number of users rose 85% YoY and 41% QoQ. Wealth penetration reached 22% among newly funded clients in Q1 — meaning 1 in every 5 new Tiger clients subscribed to at least one wealth product. With the rebound of the Hong Kong stock market, demand for Wealth products among local clients has grown significantly, with a 31.5% wealth penetration rate among new clients in the region. As market dynamics shift between US and Chinese equities, Tiger's cash management tool, Tiger Vault, continued to gain strong traction. In Q1, Tiger Vault’s total AUC rose nearly 44% QoQ, while its user base grew over 22.5%. Growth in HKD Vault products was particularly notable, with AUC up 113% and users up over 70% QoQ. In addition, Tiger continues to enrich its structured product offerings by leveraging technology to enhance traditional private banking solutions, aligning with market momentum and investor demand. With growing interest and repeat investment from high-net-worth clients, structured note trading volume rose nearly 42% QoQ.</p><p><blockquote>公司财富管理业务稳步增长，Q1 AUC同比飙升205%。用户数量同比增长85%，环比增长41%。第一季度新基金客户的财富渗透率达到22%，这意味着每5个老虎新客户中就有1个认购了至少一种财富产品。随着港股市场的反弹，本地客户对财富产品的需求显著增长，区内新增客户财富渗透率达31.5%。随着美国和中国股市之间的市场动态转变，老虎的现金管理工具Tiger Vault继续获得强劲的吸引力。第一季度，Tiger Vault的总AUC环比增长近44%，用户群增长超过22.5%。HKD Vault产品的增长尤其显著，AUC增长113%，用户环比增长超过70%。此外，老虎继续丰富其结构化产品，利用技术增强传统私人银行解决方案，与市场势头和投资者需求保持一致。随着高净值客户的兴趣和重复投资不断增长，结构性票据交易量环比增长近42%。</blockquote></p><p>The TradingFront Turnkey Asset Management Platform (TAMP) continued to strengthen its service capabilities. In Q1, wealth management AUC on the TradingFront platform achieved double-digit QoQ growth, with auto-invest accounts up 20.8%. The platform expanded its structured product offerings to cover more note types, including Sharkfin, SDFCN, BEN, and DQ, supporting institutional clients in diversifying their portfolios. As a result, total structured note trading volume on the platform increased 53.6% QoQ, driving strong overall business growth.</p><p><blockquote>TradingFront交钥匙资产管理平台（TAMP）持续加强服务能力。第一季度，TradingFront平台的财富管理AUC实现了两位数的环比增长，其中auto-invest账户增长了20.8%。该平台扩大了其结构性产品供应，涵盖更多票据类型，包括Sharkfin、SDFCN、BEN和DQ，支持机构客户多元化其投资组合。因此，平台上的结构性票据总交易量环比增长53.6%，推动整体业务强劲增长。</blockquote></p><p></p><p>In Q1 2025, Tiger's asset management team was among the first to flag risks of a major US market pullback with its "Rise of the East, Decline of the West" outlook. The team focused on key themes like China's AI momentum and macro asset allocation under tariff tensions, delivering timely insights and exclusive sessions for high-net-worth clients. Thanks to its disciplined strategy and market foresight, Tiger's asset management products outperformed with lower downside risk, earning strong trust and continued support from its HNW client base.</p><p><blockquote>2025年第一季度，老虎的资产管理团队是最早以“东方崛起，西方衰落”的展望指出美国市场大幅回调风险的团队之一。该团队专注于关键主题，如中国的人工智能势头和关税紧张局势下的宏观资产配置，为高净值客户提供及时的见解和独家会议。得益于严谨的策略和市场远见，老虎的资产管理产品表现出色，下行风险较低，赢得了高净值客户群的强烈信任和持续支持。</blockquote></p><p><strong>Investment Banking: Underwrote 4 HK IPOs, Participated in Top 3 HK IPOs</strong></p><p><blockquote><strong>投行：承销4宗香港IPO，参与前3宗香港IPO</strong></blockquote></p><p><strong>ESOP SaaS Revenue Grows Steadily with Rising Client Retention</strong> </p><p><blockquote><strong>ESOP SaaS收入稳步增长，客户保留率不断提高</strong></blockquote></p><p>UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$7.9 million. The Company underwrote 4 Hong Kong IPOs, including BrainAurora Medical Technology, Contiocean Environment Tech Group, Chifeng Gold and Nanshan Aluminum. It also participated in the distribution of the top three Hong Kong IPOs by fundraising volume in Q1. Notably, Tiger played a key role in the record-breaking IPO of Mixue Group, which saw a subscription multiple of 5,324 times and total demand reaching HK$1.84 trillion. Tiger offered up to 200x leverage for the deal with an average of 108x across all participants and attracted over 10,000 subscribers.</p><p><blockquote>老虎证券的其他收入，包括投资银行和员工持股计划（ESOP）等服务，达到790万美元。公司承销了BrainAurora Medical Technology、Contiocean Environment Tech Group、赤峰黄金和南山铝业等4家香港IPO。还参与了Q1港股IPO募资额前三的分布。值得注意的是，老虎在蜜雪集团创纪录的IPO中发挥了关键作用，认购倍数达到5324倍，总需求达到1.84万亿港元。Tiger为该交易提供了高达200倍的杠杆，所有参与者的平均杠杆为108倍，并吸引了超过10,000名订阅者。</blockquote></p><p>On the ESOP front, the Company's UponeShare service added 20 enterprise clients this quarter, bringing the total number of serviced enterprise clients to 633. Meanwhile, the company's ESOP SaaS revenue increased 45.4% YoY. Backed by strong service capabilities and positive client feedback, customer loyalty continued to rise, with repeat order value increasing 32.7% YoY.</p><p><blockquote>在ESOP方面，该公司的UponeShare服务本季度增加了20家企业客户，使服务的企业客户总数达到633家。与此同时，公司ESOP SaaS收入同比增长45.4%。凭借强大的服务能力和积极的客户反馈，客户忠诚度持续上升，重复订单价值同比增长32.7%。</blockquote></p><p>Tiger Enterprise Account onboarded 12 clients in Q1, including Pony.ai and Hesai Technology, bringing the total number of corporate accounts to 478. Tiger partnered with Kuaishou to livestream the 2025 Magnetic Conference, which explored how AI is reshaping the entire marketing and business value chain — offering investors a panoramic view of the next-generation AI-driven commercial ecosystem. Tiger also streamed Lei Jun’s Lunar New Year broadcast and the REDMI Turbo 4 launch, offering insights into trends in consumer electronics.</p><p><blockquote>老虎企业号Q1入驻小马智行、禾赛科技等12家客户，企业号总数达到478家。老虎与快手合作直播2025 Magnetic Conference，探讨人工智能如何重塑整个营销和商业价值链，为投资者提供下一代人工智能驱动的商业生态系统的全景。Tiger还直播了雷军的农历新年广播和REDMI Turbo 4发布会，提供了对消费电子趋势的见解。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160170305","content_text":"UP Fintech Holding Limited (NASDAQ: TIGR) (\"UP Fintech\" or the \"Company\"), announced its unaudited financial results for the first quarter ended March 31, 2025. UP Fintech achieved a total revenue of US$122.6 million in the first quarter, representing a 55.3% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders surged to US$36 million, up 18.3% quarter-over-quarter (QoQ) and 145% YoY, hitting a historical record. The company added 77,000 new accounts in Q1, up 49.8% YoY, bringing its total global accounts to 2.53 million. Funded accounts increased by 60,900, driving total funded clients up 23.5% YoY to 1.15 million. Trading volume in Q1 soared 154.6% YoY to US$217.5 billion. Net deposits remained robust at US$3.4 billion, propelled client assets to US$45.9 billion, nearly a 10% QoQ and 39.5% YoY increase, reaching a record high. UP Fintech's founder and CEO, Wu Tianhua, stated: \"In Q1, the company achieved breakthroughs in both financial and operational aspects, with sustained growth in revenues and profits. Notably, non-GAAP net profit surged 145% YoY, reaching a record high. Tiger has gained recognition from more HNW clients across markets — total client assets in Greater China grew over 20% QoQ, with new funded clients in Hong Kong averaging over US$30,000 in net asset inflows. As of now, Q1 new funded clients have already achieved 40% of the annual guidance, providing a solid user foundation for our full-year performance goals.\" \"To further enhance the trading experience for platform users, Tiger has continuously optimized and innovated its product features. Recently, we also officially launched cryptocurrency deposit and withdrawal services in Hong Kong. Investors can now seamlessly manage mainstream cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) through our flagship trading app. Additionally, Tiger has strengthened its AI capabilities with the upgrade from TigerGPT to TigerAI, now offering watchlist, portfolio and options analysis for smarter, data-driven decisions. We've also enhanced options and US stock trading with features like options position analysis, TP/SL for combo strategies, and historical intraday data — improving user experience and lowering the barrier to global investing.\" SG: Q1 Trading Volume Up 81.5% YoY, Wins Three \"AAA Digital Awards\" from The Asset HK: Attracting HNW Clients with Average Net Asset Inflows Exceeding US$30,000 In Singapore, Tiger Brokers maintained strong growth momentum, with trading activity continuing to rise. Total trading volume and orders in Singapore surged 81.5% and 65.8% YoY, respectively. US stock and Singapore stock trading volumes grew 71.3% and 61.2% YoY, while US options trading stood out, with trading volume and orders skyrocketing 127.7% and 82.1% YoY. The Cash Boost trading account remained popular among local investors, with Q1 orders up 11.4% QoQ and active traders increasing 12.5% QoQ. Tiger also strengthened its local presence with the launch of the L.E.A.P. Program, designed to cultivate Singapore's next generation of financial talent — reinforcing its long-term commitment to the industry’s growth. Additionally, Tiger received three accolades at The Asset magazine’s 2025 \"AAA Digital Awards,\" including \"Digital Broker of the Year\" and \"Best Brokerage App\" in Singapore, while its subsidiary Tiger Fund Management was honored as \"Digital Fund Manager of the Year\". Hong Kong continued to attract high-quality clients with Tiger's competitive global trading services. In Q1, local account openings rose 27% QoQ, and new funded clients averaged over US$30,000 in net asset inflows. The Hong Kong stock market demonstrated strong appeal, with trading orders and trading volume for Hong Kong stocks rising 51.7% and 78% QoQ, respectively. Hong Kong options trading saw explosive growth, with trading orders and volume surging 7x and 10x QoQ, highlighting robust demand for derivatives. Cash products remained popular, with the US Treasury trading volume increasing 90% QoQ, HKD money fund orders and volume rising 88% and 94.5% QoQ, and USD money fund orders and volume rising 62% and 89% QoQ. Additionally, Tiger officially launched cryptocurrency deposit and withdrawal services in Hong Kong, allowing investors to manage popular cryptocurrencies like BTC and ETH seamlessly on its platform. In the US, TradeUP sustained strong momentum across key metrics, reflecting improved overall business performance. Local client trading activity surged, with trading volume up 131% QoQ. New funded clients grew 28.4% QoQ, while client assets rose 19% QoQ. Strengthened institutional business capabilities drove further scale, with Q1 commission revenue jumping 56.4% QoQ. In Australia, the Company earned growing trust from clients with strengthened services and brand presence. In Q1, deposit amounts and funded clients rose by 71% and 37% YoY, showcasing strong business momentum. Tiger also won multiple local awards, including winning WeMoney 2025's \"Best Features Award,\" and securing two awards in Mozo's Expert Choice Awards for 2025 \"Online Share Trading – Casual ASX and ETF Investor\" categories. Tiger Brokers Australia was also ranked as number one on Finder's best options trading platforms list for 2025.In New Zealand, Tiger continued to attract high-quality clients. In Q1, net deposits surged 211.7% YoY and 66.6% QoQ. The number of trading accounts climbed 74% YoY, with particularly strong performance in the US market — US equities orders increased 108.8% YoY, while US options orders jumped 161.5%, reflecting strong local investor interest in US markets.TigerAI Gets Major Upgrade, Options Features Further Enhanced IPO Subscriptions Jump 11x, Tiger Hits HK$ 100B Milestone in Mixue IPO SubscriptionIn Q1, commission income reached US$58.3 million, up 109.8% YoY, while interest-related income grew 20.8% YoY to US$56.4 million. The Company continues to enhance its platform features to further improve user experience and efficiency in global asset allocation. The Tiger Trade app launched a dedicated crypto section for easy access to crypto prices, related concept stocks, and ETFs - enabling a more streamlined way to capture market opportunities. Trade feed added Super Disclosure feature allowing users to view full trading history, positions, and returns in the past three months. This allows users to intuitively refer to the strategy logic of high-yield live trading accounts. The platform also introduced a consolidated account analysis page and added a P&L view in the fund section to help users better evaluate portfolio performance. Options trading tools were further strengthened with position analysis, support for take-profit/stop-loss in combo strategies, and new volatility metrics like IV rankings and percentiles - helping users better assess risk and opportunity. US equities, the Fear & Greed Index and historical intraday data for stocks and options have also been added to support more informed, data-driven decisions. Following a major upgrade, TigerAI now offers options, portfolio, and watchlist analysis assistants - delivering smarter, more personalized investment insights to help users make faster, more informed decisions.IPO subscription business sustained explosive growth, with subscribers up 11x YoY and subscription volume soaring 800x YoY and 13x QoQ. Nearly 40% were first-time subscribers, underscoring strong appeal to new users. Tiger delivered a standout performance across several high-profile IPOs, most notably achieving a record-breaking subscription amount of over HK$ 100 billion in the Mixue Group Hong Kong listing.The Company's wealth management business grew steadily, with Q1 AUC surging 205% YoY in Q1. The number of users rose 85% YoY and 41% QoQ. Wealth penetration reached 22% among newly funded clients in Q1 — meaning 1 in every 5 new Tiger clients subscribed to at least one wealth product. With the rebound of the Hong Kong stock market, demand for Wealth products among local clients has grown significantly, with a 31.5% wealth penetration rate among new clients in the region. As market dynamics shift between US and Chinese equities, Tiger's cash management tool, Tiger Vault, continued to gain strong traction. In Q1, Tiger Vault’s total AUC rose nearly 44% QoQ, while its user base grew over 22.5%. Growth in HKD Vault products was particularly notable, with AUC up 113% and users up over 70% QoQ. In addition, Tiger continues to enrich its structured product offerings by leveraging technology to enhance traditional private banking solutions, aligning with market momentum and investor demand. With growing interest and repeat investment from high-net-worth clients, structured note trading volume rose nearly 42% QoQ.The TradingFront Turnkey Asset Management Platform (TAMP) continued to strengthen its service capabilities. In Q1, wealth management AUC on the TradingFront platform achieved double-digit QoQ growth, with auto-invest accounts up 20.8%. The platform expanded its structured product offerings to cover more note types, including Sharkfin, SDFCN, BEN, and DQ, supporting institutional clients in diversifying their portfolios. As a result, total structured note trading volume on the platform increased 53.6% QoQ, driving strong overall business growth.In Q1 2025, Tiger's asset management team was among the first to flag risks of a major US market pullback with its \"Rise of the East, Decline of the West\" outlook. The team focused on key themes like China's AI momentum and macro asset allocation under tariff tensions, delivering timely insights and exclusive sessions for high-net-worth clients. Thanks to its disciplined strategy and market foresight, Tiger's asset management products outperformed with lower downside risk, earning strong trust and continued support from its HNW client base.Investment Banking: Underwrote 4 HK IPOs, Participated in Top 3 HK IPOsESOP SaaS Revenue Grows Steadily with Rising Client Retention UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$7.9 million. The Company underwrote 4 Hong Kong IPOs, including BrainAurora Medical Technology, Contiocean Environment Tech Group, Chifeng Gold and Nanshan Aluminum. It also participated in the distribution of the top three Hong Kong IPOs by fundraising volume in Q1. Notably, Tiger played a key role in the record-breaking IPO of Mixue Group, which saw a subscription multiple of 5,324 times and total demand reaching HK$1.84 trillion. Tiger offered up to 200x leverage for the deal with an average of 108x across all participants and attracted over 10,000 subscribers.On the ESOP front, the Company's UponeShare service added 20 enterprise clients this quarter, bringing the total number of serviced enterprise clients to 633. Meanwhile, the company's ESOP SaaS revenue increased 45.4% YoY. Backed by strong service capabilities and positive client feedback, customer loyalty continued to rise, with repeat order value increasing 32.7% YoY.Tiger Enterprise Account onboarded 12 clients in Q1, including Pony.ai and Hesai Technology, bringing the total number of corporate accounts to 478. Tiger partnered with Kuaishou to livestream the 2025 Magnetic Conference, which explored how AI is reshaping the entire marketing and business value chain — offering investors a panoramic view of the next-generation AI-driven commercial ecosystem. Tiger also streamed Lei Jun’s Lunar New Year broadcast and the REDMI Turbo 4 launch, offering insights into trends in consumer electronics.","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":1031,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/467051648299096"}
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