8 Securities and StockChat Announce Strategic Partnership to Promote Responsible Investment & Launch the “Free Share Everyday” Campaign

Hong Kong ‘s first mobile-app based broker 8 Securities Limited. (“8 Securities” or the “Company”), announced a strategic partnership with the financial commentary platform StockChat. 8 Securities will include StockChat’s social content into its trading app. To celebrate this partnership, both parties are also launching a free share distribution campaign named “Free Share Everyday”.

StockChat is Asia’s first instant messenger in stock investment, which offers professional grade real-time financial commentary. It is currently the most active financial commentary platform in Hong Kong, with a monthly reach of 400k individuals. StockChat will present its content to 8 Securities app for free. The objective of the partnership is to promote responsible investment to the public, especially to youngsters and amateur investors.

As the first event of the partnership, StockChat will launch the “Free Share Everyday” campaign from December 15th, 2018 to January 31st, 2019. Every StockChat user is eligible for one free share of selected US listed companies. Free shares are sponsored by 8 Securities.

Campaign participants can upgrade the reward by logging in for 7 consecutive days, receiving likes from other users and referring friends to join StockChat. Also, 8 Securities and StockChat will host an “Investment Concept Challenge” at a digital billboard at the junction of Argyle Street and Sai Yeung Choi Street South in Mong Kok. A different question will be shown on the billboard each day from December 24th, 2018 to January 24th, 2018. Participants can scan the QR Code on the billboard and answer the challenge correctly to upgrade their rewards in “Free Share Everyday” campaign.

The highest-score participant is eligible to receive a share of Netflix, Inc. that is worth around HK$2,100. Other awards include a share of Apple Inc., LuluLemon, Nike, Coca-Cola and etc. All participants shall receive 50 vouchers when first logging in to StockChat during the campaign period, which can be redeemed for one stock of Snapchat, Inc.  Participants shall redeem the free share through their 8 Securities trading account. 10,000 shares are available for redemption on a first-come-first-served basis. Please refer to the attachment for further information.

Mikaal Abdulla, co-founder and CEO of 8 Securities, said,”8 Securities is excited to partner with StockChat, also a Hong Kong startup, to help promote financial innovation in Hong Kong. I believe the cooperation will enable 8 Securities to penetrate the local market and expand the market share in Hong Kong, which is a strategic base for 8 Securities.”

Fredrik Karlsson Peraldi, Chief Technology Officer of 8 Securities also claimed that the company will continue to innovate, “We were the first in Hong Kong to launch an app for stock trading in 2012, and we have been continuously enhancing the user experience with new technologies. The partnership with StockChat will bring values to our users when they make investment decisions.”

Cheney Cheng, the co-founder of StockChat explained, “8 Securities is one of the most innovative brokers in Hong Kong. It launched the “$88 per month unlimited trading plan” along with the “learn from top traders” feature to target young professionals, which highly overlaps with our target audience. We believe the partnership will bring huge synergies and help promote the concept of responsible investment.

About 8 Securities
Founded in 2012, 8 Securities is an investment services company with securities licenses in Hong Kong and Tokyo, Japan. 8 Securities is passionate about innovation. The company has developed Asia’s first smart investment advisor and was the first stock trading mobile app that introduced $0 commission.

In October 2017, IDC Financial Insights selected 8 Securities as “the most fast-growing 101 technology companies” in the Asia Pacific region, and 8 Securities ranked among the top 10 in Hong Kong.

In August 2018, 8 Securities received a $25 million capital injection from Nomura Securities, the largest securities company in Japan. 8 Securities was founded by Mathias Helleu and Mikaal Abdulla. Prior to founding 8 Securities, they led E*TRADE’s operations in 14 countries around the world.

About StockChat
StockChat is founded by four young investment bankers and fund managers. It builds a real-time professional financial commentary platform, with the help of big data and artificial intelligence to improve the efficiency of professional financial analysis for retail investors. The goal of StockChat is to narrow the information gap between institutional investors and retail investors.

StockChat is currently the most active financial commentary platform in Hong Kong. Along with the content on Nowwwhat’s Facebook Page, the company is reaching out to more than 400,000 individuals in Hong Kong every month.

StockChat closed a 4 million Hong Kong Dollar seed round fundraising in mid-2018.