Futu Holdings' Profits Surge 21% as HHLR Advisors Sell $295.45 Million Stake

Futu Holdings, a digital brokerage and wealth management platform, saw its stake in HHLR Advisors cut in half after the fund sold 1,607,930 shares for an estimated $276 million. The sale reduced Futu's weight in the portfolio to 8.63% from 17.52% the previous quarter. Despite this, Futu continues to experience rapid growth, with revenue climbing to $2.9 billion and net income more than doubling to $1.45 billion last year.