Chinese stock markets have soared this year, with the biggest markets booming over 50%, including Shenzhen where some of China’s grade A tech companies are looking to list. At the same time, Chinese companies who have listed abroad are looking to bring their stock back to the local market. Last week Qihoo 360 announced a bid to privatise, led by a buyer consortium that included the company’s CEO.
As the market swells, many fear industry bubbles will develop, which can make trading an uneasy process for less savvy buyers. Several platforms have come up in the past few years that aim to make trading easier for regular consumers and experts alike, here are some promising new Asia-based ones that are hoping to tap into the buyer tastes of China’s growing middle class;
Chaojiaoyi (or Chaotrade), the Chinese social trading platform, has secured a total of $2.4 million US (15 million RMB) in its pre-series A funding earlier this month (Chinese source). The round was led by The Marker Capital, Charlor Investments and Angelvest Group. The company is one of the graduates from incubation program in Innospace, based in Shanghai.
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