Airstar Bank, a licensed virtual bank in Hong Kong, announced on its official website that it has partnered with JD.com Coinlink (Hong Kong), a subsidiary of JD.com Group, in the HKMA's stablecoin issuer sandbox. Star Bank will assist JD.com Coinlink (Hong Kong) in experimenting with a new cross-border transfer solution based on stablecoins. Previously, Star Bank has become a licensed bank of HKMA since May 9, 2019, and will officially expand its business on June 11, 2020. The largest shareholder is Xiaomi Group, holding 50.30%, and the second largest shareholder is Futu, holding 44.11%.