Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, March 11 2022 - 21:00
AsiaNet
Moomoo's Market Share in the US and Singapore Markets Grew Steadily With Australia as the Next Stop
PALO ALTO, Calif., March 11, 2022 /PRNewswire-AsiaNet/ --

Moomoo, the next-generation one-stop digital financial service platform 
headquartered in Silicon Valley, has made several breakthroughs in its 
internationalization venture. This year, moomoo has steadily increased its 
market share in the US and Singapore markets and officially entered the 
Australia market to provide premium financial services.

As of Q4 2021, moomoo and its brand affiliates hold 44 licenses in the US, 
Singapore, Australia, Hong Kong SAR, and other international markets. Together 
with its sister product, moomoo boasts over 17 million users worldwide, 
covering over 200 countries and regions.

In the US, moomoo has become a well-recognized online trading platform for 
local investors, and has partnered with Yahoo Finance to be the exclusive title 
sponsor of the 2021 Berkshire Hathaway Annual Shareholders Meeting. In the 
fourth quarter, moomoo was also named the "Best For Active Traders 2021" by 
Benzinga, a well-known US financial website.

March 8, 2022 marks the first anniversary of moomoo's entry into Singapore. 
Moomoo has seen tremendous growth in Singapore and a soaring user base this 
year. Based on Population Pyramid's population statistics of Singapore in 2021, 
moomoo's users in Singapore accounted for 1/10 of the adult population aged 
over 20 as of fourth quarter 2021. At the same time, moomoo continuously 
attracts high-income and highly-educated users in Singapore, with the asset 
volume of Moomoo Inc.'s affiliates in Singapore up 25.7% QoQ.

Having Taken the US and Singapore markets by storm, moomoo has also set its 
sights on yet another important international market—Australia. Officially 
launched on March 8, moomoo offers Australian investors premium online trading 
services. This is also the third global market that moomoo has entered after 
the US and Singapore and through which moomoo is expecting to further enhance 
its international visibility and influence.

In addition to providing investment services through brokerage firms, moomoo 
has also integrated social features into its platform, creating a user-centered 
online interactive community that connect individual investors worldwide.

In the US, for example, moomoo has attracted a large number of young investors 
with its unique user experience and social features. They are accustomed to 
using online trading platforms and are increasingly aware of how important an 
active investment community is in investment decision-making. On trading days 
in 2021, an average moomoo user in the US opens the App more than 20 times per 
day and spends as long as 48 minutes on the moomoo App, making the US market 
the most vibrant one in terms of usage frequency and user activeness.

At present, moomoo has become an important platform for global investors to 
learn and exchange ideas. Users from different markets, such as the US and 
Singapore, follow the latest developments of listed companies via the moomoo 
platform, discuss hot topics, and share investment experiences.

On the moomoo platform, US investors mainly focus on large tech stocks such as 
Apple, Tesla, and Amazon, as well as meme stocks such as GME and AMC, which 
were a big hit last year. Singaporean investors focus not only on these large 
tech stocks but also on popular Chinese stocks such as Tencent and Alibaba. 
Moomoo allows investors from different markets to exchange and share views with 
each other, conveying to investors a sense of human touch and offering more 
interactions.

Recently, the holding company of Moomoo Inc. and an advanced fintech company, 
Futu Holdings Limited ("Futu"), released its fourth-quarter and full-year 2021 
unaudited financial results. Founded in Hong Kong in 2012, Futu's subsidiary in 
Hong Kong has become one of the largest retail brokerages in Hong Kong. Futu 
was listed on the NASDAQ on March 8, 2019.

Since its IPO, Futu has seen robust business growth and is well recognized and 
supported by major global investment institutions. Futu's strategic investors 
include Tencent, Matrix Partners, and Sequoia, with Tencent leading three 
consecutive funding rounds. Its major institutional shareholders include 
Capital Research and Management, Tiger Global, and other top international 
investment institutions.

In April 2021, Futu announced the completion of the offering of 10,925,000 
American depositary shares (the "ADSs"), raising approximately $1.4billion. 
Part of the proceeds will fund moomoo's product development to continuously 
improve user experience and drive its global business extension. In the future, 
moomoo will see more growth opportunities in international markets.

For more information about Futu's Q4 and full-year 2021 financial results, 
please visit the following link: 
https://ir.futuholdings.com/news-releases/news-release-details/futu-announces-fourth-quarter-and-full-year-2021-unaudited 


About moomoo

Moomoo is a next-generation one-stop digital financial service platform created 
by Moomoo Inc., a fintech company based in Palo Alto, California.

Moomoo integrates trading, market data, social networking with advanced 
features, such as AI-powered analytics and anomaly detection functions. It 
supports free online account-opening and provides access to the trading of 
stocks and ETFs in multiple global markets such as the United States, Hong Kong 
SAR, Singapore, and Australia. Moomoo and its brand affiliates also offer rich 
investor education content and an interactive online community with 17 million 
users in more than 200 countries globally.

Moomoo's holding company is the Nasdaq-listed fintech company Futu Holdings 
Limited ("Futu"), which is headquartered in Hong Kong. Futu is also one of the 
largest brokerages in Hong Kong. On March 8, 2019, Futu was listed on the 
Nasdaq (symbol: FUTU). 

For more information, please visit the moomoo official website at 
www.moomoo.com.

SOURCE: moomoo Inc.