Wu Tianhua on COVID-19
From Tiger Brokers CEO confident of further growth in the Singapore market · · CNBC International Live
“When we launched in 2020 during the COVID period, the onboarding process was ridiculously long, and broker fees were quite expensive. We changed that by allowing users to onboard in less than five minutes with competitive rates.”
On , Wu Tianhua, Founder & CEO at TigerBroker, spoke about COVID-19 during Tiger Brokers CEO confident of further growth in the Singapore market on CNBC International Live.
About Wu Tianhua
In a June 2024 interview, Tiger Brokers CEO Ian Leong stated that Singapore accounts for more than 50% of the company's total client assets and that one in every three Singapore permanent residents is a user of the platform. He attributed the company's growth since its 2020 launch during the COVID-19 period to a streamlined onboarding process of under five minutes and competitive fees. Leong expressed confidence in further growth through technology and a multiproduct strategy, noting that Tiger Brokers is currently the top online broker in Singapore. Leong highlighted product innovations in the first half of 2024, including the launch of a debit card for brokers in the region, 24-hour US trading, and a cash boost account. Addressing concerns about post-COVID slowdown, he said that platform support remained strong and that the company recorded its highest revenue in three years in the first quarter of 2024.