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 Idea Group overtook Alibaba, whose market cap came to $237.3 billion, as the No. 1 Chinese company listed in the U.S.
Hong Kong's little-known AMTD Digital tops Alibaba in market cap - Nikkei Asia
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