Octopus Holdings Limited is a holding company based in Hong Kong jointly owned by five major transport companies in the city. Its subsidiaries, which are all wholly owned, operate the various functions of the Octopus card in both its commercial and non-commercial usage. In 2006, the company gained international recognition by winning the Chairman's Award of the World Information Technology and Services Alliance's 2006 Global IT Excellence Award for the Octopus card system.[1]
In January 2021, Bravo Transport, parent company of operators Citybus and New World First Bus, sold most of its stake in Octopus Holdings Limited to MTR Corporation, and the small remainder to another company.[2]
Company restructure
Prompted by the business expansion of the Octopus card, Octopus Holdings Limited was formed in 2005 after a company restructure of Octopus card operator Octopus Cards Limited.[3]