The same Chinese founders, starting from China, are also involved in U.S. stocks, Hong Kong stocks, and other overseas assets. But the starting points are different. The companies that got penalized were pulling Chinese users to trade U.S. stocks and other overseas assets. These companies are registered in Hong Kong, while Webull is registered in the U.S. and serves global users. BULL's valuation is $3.5 billion, which is significantly smaller compared to these other companies. Webull (微牛) is the mobile trading app of Webull (微牛证券), primarily offering trading services for U.S. stocks, Hong Kong stocks, ETFs, options, futures, etc., and is known for its zero-commission model.