Yang Fan's questions to UP Fintech Holding Ltd (TIGR) leadership • Q1 2025
Question
Yang Fan from CICC requested a regional breakdown of newly funded accounts for Q1. He also asked for an update on progress in the Hong Kong market, the company's view on intensified competition following the Ant Group and BrightSmart Securities merger, and its future strategic focus in the region.
Answer
Arun Li, Head of Investor Relations, stated that in Q1, 45% of new funded accounts came from Singapore/Southeast Asia, 35% from Greater China, and 10% each from Australia/New Zealand and the U.S. Regarding Hong Kong, he asserted that increased competition validates the market's attractiveness and that Tiger's tech-driven advantages in clearing, derivatives, AI, and virtual assets create strong differentiation. He highlighted that Hong Kong users have the highest ARPU, with new Q1 clients bringing in an average of over $30,000 in assets, and the company will continue to invest in talent and marketing to gain market share.