The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Trading app Webull tanks 18 percent over ‘ties’ to Chinese government, national security concerns: report

Source: nypost.com nypost.com
News Snapshot:

Webull, a digital brokerage platform, is quietly “tied in structural ways” to the Chinese government — representing a national security threat to the nation’s finances, according to reported findings from US lawmakers. Shares in Webull – a trading app similar to Robinhood that boasts 28 million global users – plummeted 18% after CNBC reported the House Select Committee on China found its data flows “may remain exposed to the Chinese Communist Party’s” demands. In a new report, the committee identified “a profound gap” between Webull marketing itself as “an American company” based in St. Petersburg, Fla., and its actual compliance…

Other China Tech Buzz: