$Futu Holdings Ltd (FUTU.US)$ Talk about the experience adva...

If you have used Hong Kong local brokerage, the feeling will be deeper, it can be said that one is the Stone Age, the other is modern.

Many people may think this experience advantage is hardly a moat, actually is not so simple, can combine Internet gene and brokers very good, very not easy, it's a bit like shells in this industry to build a moat, real estate agents rich way at the core of the early advantage is the core personnel all come from tencent, the concept of user-centered is in the blood.