Xiaomi's Strategic Investment into AMTD Capital under AMTD International (HKIB)

Mar 06, 2021

AMTD Group together with AMTD International Inc. (“AMTD International”) (NYSE: HKIB; SGX: HKB) jointly announced that Airstar Digital (formerly named as Xiaomi Digital), a subsidiary of Xiaomi Corporation, invested in AMTD Capital, a subsidiary of AMTD International. AMTD Capital has obtained an approval earlier last year by the Chinese regulator to operate as a foreign-invested investment management firm in Hengqin. Xiaomi Finance (Hong Kong) Limited, a subsidiary of Airstar Digital, officially signed the strategic collaboration agreement with AMTD International. Under the agreement, Airstar Digital will invest into new shares to own 49.87% of AMTD Capital. Mr. Zhao Weixing, Vice President of Airstar Digital and former Chief Executive of XW Bank, will join the Board of AMTD Capital. AMTD Capital will also be renamed as AM Capital.

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