Hong Kong’s little-known AMTD Digital tops Alibaba in market cap


Source: nikkei.com nikkei.com

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AMTD Digital surpassed Alibaba Group in market capitalization on Aug. 2. © Reuters NORIYUKI DOI, Nikkei staff writer August 4, 2022 01:40 JST | China Copy Copied SHANGHAI -- AMTD Digital, a little-known fintech company based in Hong Kong, has been skyrocketing since it went public in the U.S. just over two weeks ago, surpassing Chinese e-commerce giant Alibaba Group in market capitalization. AMTD Digital saw its market cap reach $310.6 billion on Tuesday, more than 100 times the level at its initial public offering on July 15. With that number, the Hong Kong-based unit of investment holding company AMTD...