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AMTD Digital raises $285m to build a one-stop digital solutions platform

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AMTD Digital, the Singapore subsidiary of Hong Kong-based investment firm AMTD Group, has secured   (US$285 million) in a new financing round. The round was led by Value Partners, Greater Bay Area Homeland Investments, Vision Knight Capital, Ariana Capital, Maoyan Entertainment, and Infinity Power.

AMTD Digital builds a one-stop digital solutions platform that connects different stakeholders in the SpiderNet ecosystem via digital innovations.

Calvin Choi, Chairman of AMTD Group and AMTD Digital, said: “We have chosen Singapore as our global headquarters to build a one-stop digital solutions platform that connects the ASEAN market with our solid financial services presence in Hong Kong, including a digital bank joint venture with Xiaomi. We are committed to connecting the dots across the many major markets in Asia to create a one-stop digital solutions platform.”

“We are not restricting or limiting ourselves to providing financial services, but we are pushing our capabilities and strengths beyond to providing a plethora and diverse range of solutions that include digital connectors and ecosystem building, digital intelligence and data analytics, digital media and marketing,” he added.

Osman Faiz, Chief Information and Operating Officer of AMTD Digital, added: “We embrace new ideas and new value creation for the regional and international scenes. We are committed to nurturing local talent and cultivating innovation both within AMTD and in the wider ecosystem, as we grow across and along the industry.”

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