AMTD International Inc. (“AMTD International” or
“Company”) (NYSE: HKIB; SGX: HKB), a NYSE and SGX-ST
dual-listed company, a subsidiary of AMTD Group Company Limited
(“AMTD Group”), a leading comprehensive financial services
conglomerate, today announced the establishment of a joint venture,
AK73 Capital, with a fellow subsidiary, AMTD Digital Inc. (together
with AMTD International and AMTD Group, collectively
“AMTD”), 36Kr (NASDAQ: KRKR), a prominent and pioneering
service platform for China’s new economy participants, Airstar
Digital, the FinTech subsidiary of Xiaomi Corporation, through AM
Capital, a joint venture in fund management with AMTD International
, and Mr. Calvin Choi. AK73 Capital aims to establish a full
life-cycle service platform for China's new economy enterprises,
supporting and empowering the next generation of new economy
leaders to capitalize on the tremendous opportunities in dynamic
global capital markets.
AK73 Capital is committed to offering one-stop professional
services to address the multifaceted needs of new economy companies
and entrepreneurs. Leveraging in-depth analytic research and
digital content creation, AK73 Capital is committed to a mission to
connect new economy companies with strategic resources and quality
capital. Its service offerings include strategic consulting, data
analytics and insights, branding management, ecosystem building,
and capital market services. AK73 Capital strives to empower new
economy companies and entrepreneurs to expand their business
boundaries, extend their value chain, improve their value
proposition, and help groom the next generation of leading new
economy companies, as well as bringing China's new economy sectors’
innovative power and growth miracles in front of the whole
world.
Mr. Calvin Choi, Chairman of AMTD Group commented, “As Asia’s
leading comprehensive financial services conglomerate, AMTD had in
the past few years helped and supported many China's leading new
economy companies in their IPOs and other financing transactions
through the international capital markets including Hong Kong and
U.S. We are very keen to combine our unique resources, SpiderNet
ecosystem network, and unparalleled experience accumulated, through
our partnership with 36Kr and Airstar Digital, to further empower
the next generation of technology and innovative communities in
China, best equip the Chinese business leaders of tomorrow to
create new paradigm of business formats and exposures, and grow
together to create a better world.”
Mr. Dagang Feng, Chief Executive Officer of 36Kr, said, “As a
service platform for China's new economy participants, 36Kr is
excited to partner with and Airstar Digital to jointly establish
AK73 Capital. We believe, drawing on a wide range of resources and
power of each shareholder, AK73 Capital is going to serve as a
bridge connecting resources and capital, accelerate the sharing and
exchange of information, talent, capital, and business
opportunities across different new economy communities, and
redefine the growth driver and potential in new economy services
space.”
Mr. Weixing Zhao, Vice President of Airstar Digital and Chairman
of AM Capital, said, “Since the first day of its establishment,
Xiaomi believes in the power of value, whether it’s
entrepreneurship or investment in Xiaomi’s ecosystem, Xiaomi has
always persisted with its mission to let everybody enjoy better
life experience brought by technology. This is a big era for
China's new economy, and we look forward to working with each
stakeholder to help more technology and innovative entrepreneurs
build a better future.”
About AMTD International Inc.
AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong
Kong-headquartered financial institution group connecting companies
and investors from Asia, including China and Hong Kong as well as
the ASEAN markets with global capital markets. Its comprehensive
one-stop financial service solutions strategy addresses different
clients’ diverse and inter-connected financial needs across all
phases of their life cycles. Leveraging its deep roots in Asia and
its unique eco-system — the “AMTD SpiderNet” — the Company is
uniquely positioned as an active super-connector between clients,
business partners, investee companies, and investors, connecting
the East and the West. For more information, please visit
www.amtdinc.com or follow us on Twitter at “@AMTDGroup.” For the
Company’s announcements, please visit
http://ir.amtdinc.com/News.
About AMTD Group
AMTD Group is a leading comprehensive financial services focused
conglomerate, with core businesses in investment banking, asset
management, digital financial solutions; and non-financial services
areas including education and real estate investments.
AMTD and Xiaomi jointly established Airstar Bank, one of Hong
Kong's eight virtual banks as well as AM Capital, a
foreign-invested equity investment company approved by Chinese
regulators to operate nationwide (QFLP and other licenses
holder).
About AM Capital
AM Capital is jointly established by Airstar Digital, the
FinTech subsidiary of Xiaomi Corporation, and AMTD Group. Approved
by the Chinese regulators to operate the foreign-funded equity
investment management business on a national scale, AM Capital is
committed to invest in FinTech companies, industry ecosystem
builders, and smart manufacturing enterprises, to help corporations
secure low cost stable funding to support their long-term
development, and at the same time offer multi-dimensional
multi-level value-added services such as strategic advisory,
business model optimization, value chain consolidation, and
business development to pre-IPO or publicly listed companies.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about AMTD International’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in AMTD
International’s filings with the SEC. All information provided in
this press release is as of the date of this press release, and
AMTD International does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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AMTD (NYSE:HKIB)
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