Futu
Business
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Moomoo Financial Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.{{Cite web|url=https://www.moomoo.com/|title=Moomoo - Stock trading App with free commissions, investing in Options, ETFs|website=www.moomoo.com}} Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.{{cite web |title=SECURITIES AND EXCHANGE COMMISSION FORM F-1 REGISTRATION STATEMENT Futu Holdings Limited |url=https://www.sec.gov/Archives/edgar/data/1754581/000119312518361084/d620103df1.htm |website=U.S. Security and Exchange Commission |accessdate=6 May 2020}}{{Cite web|url=https://tradingapps.org/reviews/moomoo-review/|title=Moomoo Trading App Review 2021 + 8 Free Stocks (Worth $2,200)}}{{Cite web|url=https://www.chinamoneynetwork.com/2019/03/18/tencent-backed-online-broker-futu-targets-us-expansion-after-nasdaq-ipo|title=Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO|first=Eudora|last=Wang|date=March 18, 2019}} |
Moomoo Financial Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.{{Cite web|url=https://www.moomoo.com/|title=Moomoo - Stock trading App with free commissions, investing in Options, ETFs|website=www.moomoo.com}} Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.{{cite web |title=SECURITIES AND EXCHANGE COMMISSION FORM F-1 REGISTRATION STATEMENT Futu Holdings Limited |url=https://www.sec.gov/Archives/edgar/data/1754581/000119312518361084/d620103df1.htm |website=U.S. Security and Exchange Commission |accessdate=6 May 2020}}{{Cite web|url=https://tradingapps.org/reviews/moomoo-review/|title=Moomoo Trading App Review 2021 + 8 Free Stocks (Worth $2,200)}}{{Cite web|url=https://www.chinamoneynetwork.com/2019/03/18/tencent-backed-online-broker-futu-targets-us-expansion-after-nasdaq-ipo|title=Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO|first=Eudora|last=Wang|date=March 18, 2019}} |
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===Ele Bank Limited=== |
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In 2024, Futu announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank. Following the investment, Futu has become the second largest beneficial owner holding indirectly 44.11% of Airstar Bank. In 2026, Futu confirmed that it increased its investment in Airstar Bank in September last year, subscribing HK$500 million for newly issued shares in Gravitation Fintech HK. Following completion, Futu’s indirect shareholding in Airstar Bank rose to 68.43%, making it the bank’s controlling shareholder. [[Xiaomi]], a founding shareholder of Airstar Bank, saw its indirect interest diluted from 50.3% to 28.41%. |
In 2024, Futu announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank. Following the investment, Futu has become the second largest beneficial owner holding indirectly 44.11% of Airstar Bank. In 2026, Futu confirmed that it increased its investment in Airstar Bank in September last year, subscribing HK$500 million for newly issued shares in Gravitation Fintech HK. Following completion, Futu’s indirect shareholding in Airstar Bank rose to 68.43%, making it the bank’s controlling shareholder. [[Xiaomi]], a founding shareholder of Airstar Bank, saw its indirect interest diluted from 50.3% to 28.41%. |
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Airstar |
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== Controversies == |
== Controversies == |
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