Charles Li Xiaojia, former head of Hong Kong Exchanges and Clearing, pitched his new venture that finances small businesses and takes a cut of daily revenue at the Money20/20 Asia conference in Bangkok, as the company pushes the model outside China.
Micro Connect could be ready to launch the model in Southeast Asia as early…
Connecting global capital with small businesses in mainland China through Macau. Micro Connect boss Charles Li, former HKEX chief, delves into the rationale, outcomes, and ambitious plans of innovative financial market MCEX.
Two stores under the retail brand IPSTAR (Brand Code: AIMA) successfully raised RMB 1.347 million by listing a Daily Revenue Obligation (DRO) with a contract period of three years on MCEX.
Two stores under the foot massage and SPA brand Bodhizone (Brand Code: PSJK) successfully raised RMB 3.074 million by listing two Daily Revenue Obligations (DROs) with a contract period of four years on MCEX.
Three stores under the Cantonese cuisine brand La Société (Brand Code: HYHX) successfully raised RMB 5.749 million by listing Daily Revenue Obligations (DROs) with an average contract period from 13.5 to 48 months on MCEX.
One store under the Wagyu Sukiyaki brand Da Niu Sukiyaki (Brand Code: DNSX) successfully raised RMB 1.758 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX.