Smartphone manufacturer Xiaomi has invested RMB 100m ($15.7m) in a series A round for China-based online brokerage Tiger Brokers, according to Tencent Tech.
Founded in June 2014, Tiger Brokers operates an online brokerage service for Chinese investors looking to put money into securities in US and Hong Kong stock markets. The startup has since grown to almost 100 employees.
Xiaomi’s participation in the company follows investments in other China-based online finance companies including online lending marketplace Jimubox, which raised $84m in April this year.
The series A funding comes after earlier investments by venture capital fund ZhenFund and China Renaissance K2 Ventures, a subsidiary of investment bank China Renaissance.