Tencent-backed online broker sets its sights on Japan market

Moomoo aims for millions of downloads of its mobile app in Japan

20231106 Moomoo Securities Japan president

Francisco Izawa, president of Moomoo Securities Japan, says the online brokerage is keen to tap a younger generation of stock investors. (Photo by Mitsuru Obe)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Tencent-backed online broker Moomoo Securities is making a foray in Japan, betting that its smartphone-based stock trading app will spawn a younger generation of investors.

Moomoo's mobile app gives users free access to real-time stock quotes, tools to analyze company finances and order flows, and news from outlets including Dow Jones. Users can open an investment account with Moomoo to start trading.

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