Micro Connect, a small-business financing platform co-founded by the former head of the Hong Kong stock exchange, Charles Li Xiaojia, said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.
In an internal email attributed to Li and his fellow founder and vice-chairman Gary Zhang, the company said it is gearing up to enter the next phase of its development, where it will “employ the money and power of the market” to support small businesses, rather than relying on its own resources.
Source: TRADE FINANCE
