The pioneers behind social trading and investing have launched a new portfolio, giving its retail traders direct access to some of the most innovative tech start-ups in the Chinese sector. eToro, the hugely successful multi-asset social trading platform, has revealed its ChinaTech portfolio, spanning 30 of the most intriguing Chinese tech firms.
Many of these tech companies are pushing the boundaries in e-commerce, artificial intelligence (AI), autonomous vehicles and much more. eToro’s decision to enable its traders to speculate on the growth of China’s burgeoning tech start-ups reinforces the view that China will soon overtake the US as the world’s number-one tech superpower. With its economy expected to become a world leader by GDP in 2030, China’s technological advancements are already leading the way in mobile and e-commerce.
What’s included in eToro’s new ChinaTech portfolio?
The new ChinaTech portfolio is not exclusively reserved for China-based start-ups. It also incorporates some leading global tech innovators who yield a large percentage of their revenue in the People’s Republic. A snapshot of some of the names included in the new ChinaTech portfolio at eToro include Alibaba, Baidu, Bilibili, and Tencent. It has been said that eToro’s investment office will keep the ChinaTech portfolio under constant review, and will endeavour to rebalance the portfolio whenever necessary.
Yoni Assia, CEO and co-founder of the eToro platform, described China as a “technological superpower”, and the new ChinaTech portfolio would enable the eToro community to speculate on the innovators at “the forefront of tech development”. Mr Assia also confirmed that retail traders will be able to invest in the ChinaTech portfolio using a minimum of $2,000.
In April, eToro also gave retail traders access to a new global oil portfolio, in reaction to the worldwide impact of prices in the oil market. Historically, the global oil market has been almost impossible for retail traders to penetrate, given the dominance of large-scale institutions, but this new portfolio enables eToro traders to diversify their oil exposure across 20 global firms in the oil industry in the same way as China’s tech sector.
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eToro’s stock continues to rise
eToro’s success as a social trading hub continues to grow, given that it recently broke the 13-million landmark for registered users worldwide. That is up four million on the number of registered users just two years ago. The platform has also noted a considerable 427% year-on-year rise in the number of new sign-ups making real-money deposits in Q1 2020.
Trading in stocks has risen three-fold in 2020 thus far via the eToro platform. eToro’s users can monitor and copy the trading decisions of fellow traders. These traders are also recompensed for guiding others towards profitable trades. As the ‘Facebook for CFD trading’, eToro has certainly cemented its market presence.
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Giving its European users the ability to invest in CFD stocks commission-free has been a major boon, and this move has also been replicated ‘Down Under’, with Australia-based eToro users given a “generational opportunity” to trade Wall Street stocks. With no commission, barrier to entry has been eased for many retail traders, with fractional shares allowing investors to acquire just one-hundredth of a share in some of the biggest stocks on the Nasdaq and New York Stock Exchange.
It’s not just stocks and indices that the eToro community can trade either. It has become a major player in cryptocurrency trading. Members have been able to trade the value of Bitcoin since 2014, cementing its position as one of the leading crypto brokers, with the ability to trade up to 17 crypto CFDs, as well as multiple cryptocurrency pairs via the eToro platform. At the time of writing, there are 94 crypto/crypto and crypto/fiat currency trading pairs available to buy and sell.
Those wondering about the legitimacy of the eToro platform, should note that eToro is fully regulated and authorised for European users through the UK’s Financial Conduct Authority and Cyprus’ Cyprus Securities Exchange Commission (CySEC). In Australia, eToro is also regulated by the Australian Securities and Investments Commission (ASIC). Stateside, eToro is only available for cryptocurrency trading at the present time.