Chinese and Israeli social trading platforms form strategic partnership
iMaibo and eToro have formed a strategic partnership to build a cradle of global financial investments
Renowned investment information platform, iMaibo, and world-leading social investment network, eToro, entered into a strategic partnership in April 2017. The two companies will work deeply on markets, technology, marketing, activities, and other aspects, aimed at providing a convenient and efficient investment service to Chinese investors who are interested in overseas markets.
Diono, General Manager of Yidiantou which is operated by iMaibo, said that given the low interest rate environment in China, restrictions on the real estate market, and the general financial environment in midst of the A-Share market slowdown, many funds are looking for new investment paths. In terms of the general investment trend, Chinese demand for overseas investments has been increasing steadily, and iMaibo’s and eToro’s current partnership will provide a more convenient and faster international investment service to the Chinese investors.
eToro’s Founder and CEO, Yoni Assia, said that Chinese investors have a growing desire for global investments, and they are also now considering how to use more convenient and more low-risk ways to enter the global financial markets. At present, eToro is already prepared to “embrace” these Chinese investors. This co-operation with iMaibo is precisely intended to satisfy Chinese investors’ demand for global asset allocations and global financial investments.
iMaibo is China’s leading investment information platform, which is committed to providing professional information services to retail investors. iMaibo has expertise in breaking away from traditional investment fund companies’ framework, and carrying out revolutionary financial innovation and providing more refined and flexible financial services. The current number of registered users of the site has reached 4 million, and the average number of active users is also above 350,000.
eToro was established in Israel in 2007, with more than 6 million registered users, and has access to a total investment of RMB 420 million, through venture capital investment from strategic partnerships with the world’s top financial institutions, including China’s Ping An Insurance, the Russian Federal Savings Bank, Commerz Bank AG, etc. eToro can offer more than 1,000 kinds of global financial products, such as foreign currencies, commodities, indices, European and American stocks, ETFs, and CopyFunds™.
It is reported that the Yidiantou products, operated by iMaibo, will be fully embedded into the eToro system in this strategic partnership. The products, interfaces, information and other aspects will be fully upgraded to await a large number of new investors.
