First Investments of AMTD ASEAN Solidarity Fund
Singapore Solidarity Fund Pte. Ltd., under AMTD ASEAN Solidarity Fund Group (“AMTD ASEAN Solidarity”), today announces its first batch of investments in five innovative FinTech companies spanning across AI, SME financing solutions, insurtech, cross-border payment platform and card payment solutions. This first batch of investments amounted to S$11.5 million through a variety and innovative mix of investment structures including, among others, equities, convertible notes, venture debts, warrants and options.
AMTD ASEAN Solidarity, with an initial capital of S$50 million, was jointly established by AMTD Digital, a Singapore headquartered subsidiary under AMTD Group focusing on building a one-stop connected comprehensive digital solutions platform in Asia; AMTD Charity Foundation, a charitable organization founded in 2016 by Mr. Calvin Choi, Chairman and CEO of AMTD Group; and the ASEAN Financial Innovation Network (“AFIN”) to support and anchor eligible FinTech companies registered on the API Exchange Platform in ASEAN countries during this challenging time of the pandemic.
AMTD, Xiaomi, SMU and NUS to nurture digital finance leaders
AMTD Group, the largest independent investment bank and a fast growing conglomerate in Asia, together with leading internet company Xiaomi Corporation’s subsidiary - Xiaomi Finance, Singapore Management University (SMU) and the Institute of Systems Science (ISS) at the National University of Singapore (NUS) have signed a Memorandum of Understanding (MOU) to establish a long-term partnership to establish the ‘Singapore Digital Finance Leadership Programme’ (Programme) to hone the management and leadership capabilities of the aspiring digital finance leaders in Singapore and beyond.
AMTD has been a proud Platinum Sponsor of the Singapore Fintech Festival since 2018
The AMTD Singapore Innovation Center officially launched at the Singapore Expo on November 11th, 2019 during the Singapore Fintech Festival. Charles Ng, Associate Director-General of Invest Hong Kong, King Leung, Head of Fintech of Invest Hong Kong, and Hong Feng, Co-Founder and Senior Vice President of Xiaomi Corporation, Chairman and CEO of Xiaomi Finance attended the opening ceremony.
AMTD Group at the 13th Summer Davos in Dalian as Global Strategic Partner
The world’s largest event focusing on innovation and entrepreneurship – The 13th World Economic Forum Annual Meeting of the New Champions (“Summer Davos”) was held in Dalian from July 1st to 3rd. Themed at “Leadership 4.0: Succeeding in a New Era of Globalization”, more than 1,800 representatives from global political, business, academic, cultural, and international organizations discussed companies in the new era. The meeting focused on how to shape the future after the fourth industrial revolution to achieve sustainable and inclusive growth.
As a global strategic partner of the World Economic Forum, AMTD Group was once again invited to participate, and together with the guests, discussed how the further integration of finance and technology can help Hong Kong and the Greater Bay Area coordinate development.