Xiaomi subsidiary to own nearly 50% of AMTD Capital after strategic investment

Xiaomi subsidiary Airstar Digital has invested in AMTD Capital, a unit under investment banking firm AMTD International.

Following the deal, Airstar Digital – formerly known as Xiaomi Digital – will own 49.87% of AMTD Capital, according to a statement. Meanwhile, Airstar Digital vice president Zhao Weixing will join the board of AMTD Capital. The unit’s management team will comprise of both AMTD Group and Airstar Digital executives.

AMTD Group chairman and AMTD International founder Calvin Choi (left) and Airstar Digital vice president Zhao Weixing / Photo credit: AM Capital

AMTD Capital, which will be renamed to AM Capital moving forward, is looking for opportunities in the fintech, ecosystem building, and smart manufacturing spaces. It provides enterprises with “long-term and low-cost” capital to support their development.

The company also offers value-added services such as strategic modeling, process optimization, industry consolidation, financing support, and business development for both pre-IPO and listed companies.

As one of AMTD Group’s key platforms in the Greater Bay Area, AM Capital will also serve a strategic role to bridge cross-border investment and financing between Hong Kong, Macau, and mainland China.

The strategic investment comes after Xiaomi and AMTD Group launched the joint venture of virtual banking services provider Airstar Bank in 2020. AM Capital last year also won approval from Chinese regulators to operate as a foreign-invested investment management company in Hengqin.