[MACAO, September 13, 2023] Micro Connect Group (“Micro Connect”) held an investment signing ceremony with Hao Yue Catering Group Company Limited (“Hao Yue”) at the Mandarin Oriental Macao. The “Joy” restaurant, owned by Hao Yue, is Micro Connect’s first invested store in Macao, achieving a breakthrough in the group’s overseas investment.
During the ceremony, Guo Peng, Micro Connect’s General Manager in Southern China, and Ngan Man In, director of Hao Yue, signed an investment agreement. Lei Wai Nong, Secretary for Economy and Finance of the Macao SAR government, Tai Kin Ip, Director of the Economic and Technological Development Bureau of the Macao SAR government, Charles Li, Micro Connect’s Founder and Chairman, Gary Zhang, Micro Connect’s Founder and CEO, and two representatives from Hao Yue, Loi Man Keong and Leung Chun Sing, were also present to witness the signing.
Gary Zhang, Founder and CEO of Micro Connect Group and CEO of MCEX, said, “Micro Connect’s successful entry into Macao shows that our financing model of daily revenue sharing for micro and small businesses has international feasibility and replicability in terms of underlying data technology, legal and compliance, and business architecture. At the same time, with our investment debut in Macao, we hope to improve the digitalization level of Macao’s consumer industry, facilitating the deep integration of the digital and physical economy, and driving the digital revolution of the Macao economy. This is our way of giving back to the Macao government for their support of Micro Connect.”
In the future, Micro Connect aims to continuously improve the infrastructure of its proprietary exchange platform and optimize the financing ecosystem for micro and small businesses. It will continue to empower them by helping local brands in Macao expand to the mainland Chinese market and introduce high-quality mainland Chinese brands to Macao, promoting the internal and external circulation of consumption.
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About Micro Connect
Micro Connect Group is committed to connecting global capital with small businesses. Micro Connect Macao Financial Assets Exchange (MCEX) officially started operation on August 3, 2023. Based in Macao, it’s an international exchange of revenue sharing products. The exchange is Macao’s new exploration to promote modern financial development and address the financing difficulties of small businesses through digitization and financial innovation. By the end of August, Micro Connect had invested over RMB 2 billion in more than 10,000 micro and small stores.