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Technology

GameStop turns little-known China firm Webull into No. 2 app in US

WallStreetBets flock to online brokerage as retail investors seek Robinhood alternative

Webull Financial CEO Anthony Denier seen ringing the closing bell at the Nasdaq MarketSite in Time Square, New York, on Jan. 14.

PALO ALTO, U.S. -- Webull, a Chinese-owned trading app, became the second most popular app in the U.S. last Thursday, the day online brokerages imposed restrictions on retail investors buying GameStop, AMC Entertainment and several other volatile stocks.

Webull's app was installed about 100,000 times worldwide on Jan. 28 from the App Store and Google Play, a 270% week-over-week increase, according to data provided by market analytics firm SensorTower.

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