PALO ALTO, Calif.--(BUSINESS WIRE)--Robinhood, the popular and fastest-growing financial technology company in the United States, launched in China today to connect Chinese residents to the U.S. stock market. Robinhood’s first integration is with Baidu’s StockMaster app, which provides everyday investors with access to powerful market analytics.
Starting today, Chinese residents can access and invest in any U.S. stock or ETF without paying commission fees. To get started, download Baidu’s StockMaster app and quickly create a Robinhood account.
“Our collaboration with Baidu marks a critical step in Robinhood’s mission to make the global financial markets accessible to everyone,” said Vlad Tenev, Robinhood’s co-founder. “We are proud to have the support of a respected brand like Baidu and appreciate their unwavering commitment to innovation.”
Robinhood co-founder Baiju Bhatt added, “Access to U.S. securities in China is currently very limited and we’re excited to change that. This will be the first time many Chinese citizens will have direct access to the largest stock market in the world at no cost.”
Robinhood also appointed Amy Gu to its advisory board to serve as a key advisor guiding the expansion of the Robinhood platform in China. Gu is most commonly recognized as general manager of Evernote China, where she grew their user base to 15 million in three years.
Robinhood offers a beautiful, sophisticated and secure investing experience. The company recently surpassed 1 million users who have bought and sold more than $6 billion in U.S. stocks, while saving over $100 million in commission fees. Robinhood was the first finance company to win the Apple Design Award and the Google Play Award for Best Use of Material Design, and was recognized by both Google and Apple as one of the top apps of 2015.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they're looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers.
About Robinhood
Robinhood, the fastest-growing financial technology company, aims to make the global financial markets accessible to everyone. The company was founded by entrepreneurs Vlad Tenev and Baiju Bhatt, and offers commission-free investing for U.S.-listed stocks and ETFs through their platform of award-winning Apple and Android apps. The Palo Alto-based company is backed by $66 million from top-tier venture firms such as NEA and Index Ventures.
