The past twelve months have not been great for China’s financial industry. The sharp plunge of China’s stock market, coupled with the $7.6 billion USD scandal by P2P lending platform Ezubao (e租宝), has chipped away at the zeal Chinese consumers once had for trading stocks and dabbling in online finance.
Still, Robinhood, a U.S fintech startup, believes that 2016 is the right year to enter China.
“China is a massive market where we know we can make a big impact,” Jack Randall, Robinhood’s Head of Communications, told TechNode. “There are many barriers to entry for Chinese citizens looking to access the US exchanges, and we are happy to lower them.”
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