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China based online stock brokerage start-up, Tiger Brokers, raised $80m Series C

China based online stock brokerage completed a $80m Series C from Prospect Avenue Capital (PAC). The startup's latest post-money valuation is $1.06bn, according to the company.

“We are proud to participate in Tiger’s latest financing," said Liao Ming, founding partner of PAC. "The company is recognized as one of the leading Fintech companies in the industry and thanks to its internet genes and R&D ability, the company has secured a relatively high market share and is developing rapidly.”