News Analysis Chinese stock trading app Webull has been one of the biggest beneficiaries of the retail trading frenzy that gripped the U.S. stock market in early 2021. Reddit-based retail investors generated huge volumes across the U.S. financial markets, sending heavily shorted stocks such as GameStop and AMC skyrocketing in late January. The trading frenzy has been especially fortuitous for Webull, a Chinese trading app competitor of Robinhood, which saw a sudden surge in downloads after the latter descended into controversy for restricting trades in certain stocks. Demand from retail investors, including those who follow the popular WallStreetBets Reddit page, had driven up the prices of certain heavily shorted stocks. This sparked intense media coverage and general interest in stock trading. The Webull app experienced a huge surge in downloads during the last week of January, at one point becoming the No. 2 free Apple iPhone app in the United …
Must Read
How Laos is overcoming landlockedness and bolstering growth
Author: Sandra Seno-Alday, University of Sydney
Laos is one of the fastest growing economies in Southeast Asia. From 2010 to...
China slams EU for remarks on Hong Kong electoral reforms
Brussels , March 6 (ANI): In a development reflecting growing tensions between China and the European Union, Beijing...
Australia Rolls Out 10-Year Critical Mineral Plan, as Beijing Looms Over Global Supply
The Morrison government has launched a new national roadmap to boost local processing of critical minerals and resources...
Power rationing in China is unrelated to Australian coal embargo
Author: Huw Slater, ICF
In December and January, at the height of winter, central and eastern China undertook its most...
National News Bureau Of Thailand
BANGKOK (NNT) - Thailand has seen export growth of 0.35 percent in the first month...
Previous articlePhividec eyes integrated steel mill, port expansion
Next articleChina does not like the coup in Myanmar
Latest News
How Laos is overcoming landlockedness and bolstering growth
Author: Sandra Seno-Alday, University of Sydney
Laos is one of the fastest growing economies in Southeast Asia. From 2010 to...
More Articles Like This
Australia Rolls Out 10-Year Critical Mineral Plan, as Beijing Looms Over Global Supply
The Morrison government has launched a new national roadmap to boost local processing of critical minerals and resources amid looming concerns over Beijing’s...
China warns ‘side effects’ of US economic stimulus risk causi…
The “side effects” of aggressive economic stimulus policies in the United States and other developed countries have started to surface in the US stock...
Beijing’s New Policy Reveals Poverty, Food Security Are Top Concerns for 2021
The Chinese Communist Party (CCP) on Feb. 21 released its first main policy document of the year, known as “Document No. 1.” Poverty...
Chinese food delivery giant Ele.me apologises for setting dri…
Chinese food delivery giant Ele.me has apologised after its couriers accused the platform of setting impossible targets for holiday bonus pay.The company had tried...
- Advertisement -
