China has the world’s second biggest equity market behind the U.S., but the large market is extremely volatile. As the recent stock plunge rattles traders, as many as 500,000 Chinese investors are looking to invest their money in the U.S. stock market.

To tap into this market, Chinese smartphone maker Xiaomi has injected over 100 million yuan ($15.6 million USD) series A into an online brokerage startup Tiger Brokers.

Tiger Brokers is the developer of a web securities and stock transaction system that provides internet brokerage business for US and Hong Kong stocks as well as stocks in China’s A-share market. Its app, ‘Tiger for US Stocks’, is characterized by a Chinese interface and supports multiple handy features like one-click short selling.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.