Micro Connect makes first investment in Macau

 sete23

Micro Connect Group has made its initial investment in Macau by providing funding to Hao Yue Catering Group Company, making it the first local business to secure their financial support.

The investment was formalised through an agreement-signing ceremony held on Wednesday, specifically for the ‘Joy’ restaurant, which is owned by Hao Yue.

Gary Zhang, founder and CEO of the group which operates the Micro Connect Macao Financial Assets Exchange, or simply known as MCEX, told media that the group’s entry into Macau signifies the “international feasibility and replicability” of their financing model – a revenue-sharing system that based on daily revenue obligations.

“With our investment debut in Macau, we hope to improve the digitalisation level of Macau’s consumer industry, facilitating the deep integration of the digital and physical economy, and driving the digital revolution of the Macao economy,” Zhang said.

In August, Micro Connect managed to raise US$458 million (MOP3.69 billion) in funding to propel the MCEX.

The new marketplace is the world’s first global exchange dedicated to attracting capital for China’s micro and small-sized businesses.

https://www.macaubusiness.com/micro-connect-makes-first-investment-in-macau/


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