The Aporia · Trading app Webull tanks 18 percent over ‘ties’ to Chinese government, national security concerns: report

Trading app Webull tanks 18 percent over ‘ties’ to Chinese government, national security concerns: report

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Herzlich, T. (2026, October 7). Trading app Webull tanks 18 percent over ‘ties’ to Chinese government, national security concerns: report. New York Post. https://nypost.com/2026/10/07/business/trading-app-webull-plummets-18-percent-over-ties-to-chinese-government-national-security-concerns-report/

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Quick Summary

Webull, a popular trading app with 28 million global users, saw its shares drop by 18% after reports emerged that the House Select Committee on China had identified significant ties between Webull and the Chinese government, raising national security concerns. The committee’s findings suggest that despite Webull marketing itself as an American company based in Florida, it may be subject to Beijing's laws through its operations abroad. A spokesperson for Webull defended the company, asserting that US customer data is stored domestically and emphasizing transparency with regulators.

Written by AI on 2026-10-07, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Webull, a trading app similar to Robinhood with 28 million global users, saw its shares drop by 18% after CNBC reported that the House Select Committee on China found potential links between Webull and the Chinese government. The committee's report alleged that Webull’s data flows “may remain exposed to the Chinese Communist Party’s” demands. In response, Webull defended itself, stating it operates from its global headquarters in St. Petersburg, Florida, and has an office in New York City; US customer data is stored within the United States. The company criticized the committee for publishing a report with "significant inaccuracies" without consulting them first.

Written for “Chinese Ties Concerns” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

Compared with similar articles

This article reads leans strongly right and hedges 36% of its claims. Each row says how that neighbour differs.

Crypto platform Webull is getting slammed over its alleged China ties Different event

New York Post

Hedges 3 of 31 claims Outlet record 66/100

“The articles discuss Webull's stock decline due to alleged ties with the Chinese government but refer to different percentages and times, indicating they describe separate incidents or updates.”

Signals How these are calculated →

Claims extracted

sentences that state something as happening or true

Uncertain

36%

4 of 11 hedged ("reportedly", "may", "according to")

Leaning

Leans strongly right

of the writing, not the subject · beta estimate

Publisher signals

66/100

New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Politics

Same framing elsewhere

articles that frame the event the way this one does

Who wrote this

Taylor Herzlich

65 article(s) here · 1 carrying a prediction

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Also by Taylor Herzlich

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 65 articles by Taylor Herzlich →

Claims (11 extracted, 4 hedged)

Webull, a digital brokerage platform, is quietly “tied in structural ways” to the Chinese government — representing a national security threat to the nation’s finances, according to reported findings from US lawmakers. uncertain

Webull → tie → lawmakers

Shares in Webull – a trading app similar to Robinhood that boasts 28 million global users – plummeted 18% after CNBC reported the House Select Committee on China found its data flows “may remain exposed to the Chinese Communist Party’s” demands. uncertain

flows → boast → demands

In a new report, the committee identified “a profound gap” between Webull marketing itself as “an American company” based in St. Petersburg, Fla., and its actual compliance with Beijing’s laws. asserted

Webull → identify → laws

A spokesperson for Webull defended the company, claiming it conducts business from its global headquarters in St. Petersburg and operates an office in New York City, adding that US customer data is stored in the US. “It is deeply disappointing that the Select Committee published a report containing significant inaccuracies and unsupported conclusions without ever seeking clarification from Webull,” the spokesperson told The Post. asserted

spokesperson → defend → Post

“We remain prepared to address any questions directly and with the same transparency we bring to the SEC, FINRA and regulators worldwide.” asserted

we → remain → SEC

In 2024, a group of GOP attorneys general launched a probe into the company’s ties to China’s mainland and its ruling Communist Party. asserted

group → launch → mainland

The committee noted in its reports that its concerns around the company have “escalated” since October 2025, when Webull started carrying customer cash directly – exposing “billions of dollars in American capital,” CNBC reported. asserted

CNBC → note → capital

Webull – which holds $24.6 billion in customer assets – was founded by Wang Anquan, a top exec from China-based e-commerce giant Alibaba, in 2016. asserted

which → hold → 2016

The upstart competes with digital investment platforms like Robinhood and Charles Schwab, allowing them to trade stocks, exchange-traded funds, options, futures and digital assets. But its “critical backend systems, personnel and data flows may remain exposed to the Chinese Communist Party’s mandatory intelligence laws and coercive demands,” the committee wrote in its report. uncertain

committee → compete → report

Webull Corp. is a Cayman Islands-incorporated holding company. asserted

Corp. → incorporate → ?

The committee’s report noted that Webull has a US holding company known as Webull Holdings (US) Inc. – but it also runs a technology branch based in Singapore and a subsidiary based in mainland China, according to CNBC. uncertain

it → note → CNBC

Trading app Webull tanks 18 percent over ‘ties’ to Chinese government, national security concerns: report

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Claims (11 extracted, 4 hedged)