AMTD Digital

AMTD Digital was founded in 2019 by Calvin Choi, a former UBS investment banker. AMTD Digital provides digital services to clients mainly from the financial sector using its software platform, AMTD SpiderNet. The company's revenue mainly comes from fees and commissions levied on its Digital Financial Service business as well as its SpiderNet Ecosystem Solutions segment. In 2026, the Jalou family (previous owners of ''L'Officiel and Éditions Jalou) launched legal proceedings against AMTD for "trademark infringement, tax fraud, and misuse of corporate assets,". The Jalou family and Inna Bazhenova (previous owner of The Art Newspaper'') have not received the full proceeds of AMTD's acquisition of their respective publications. Under the acquisition the company will continue to licence The Art Newspaper and L'Officiel brands from AMTD Group. Following the agreement the company rebranded to The Generation Essentials Group (TGE) and listed on the NYSE. TGE holds 100% ownership of The Art Newspaper, Dao by Dorsett hotels, iclub AMTD Sheung Wan hotel, L'Officiel and L'Officiel Coffee. ==August 2022 stock surge==

The price of AMTD Digital for its listing on 15 July was $7.80 per share and by 2 August, the price had peaked at $1,679, which was an increase of 21,000% since listing. It was reported that r/wallstreetbets, a subreddit of the website Reddit, were involved, although this was denied by the users themselves. The losses were greater than the entire market value of companies such as Intel or Goldman Sachs. As of the end of the trading day on 16 August, the stock was valued at $181.02 per share. Li Ka-shing's CK Hutchison Holdings, which owned shares in the firm's ultimate parent, AMTD Group, made a statement to specify that CK Hutchison has no holdings in AMTD Digital, stating it has an approximate 4% holding in AMTD Group instead. ==References==