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Economy

growth strategy and recovering from an initial investment on technology. “If you want good software and hardware technology,” he says, “you need to spend a lot of money before making money.” He says he applied for a loan from the government through the Macao Economic Bureau, which approved the amount of MOP150,000 (US$18,636) – however, he says he and his family have covered any shortfalls. Si Tou, despite his own progress, notes that the entrepreneurial environment in Macao can be ‘underdeveloped’. “The business community is very small,” he says, “and our abilities are too low compared to Hong Kong, Taiwan and Mainland China. We are just a small town and many people are just happy with what they’ve achieved and their salaries. But, like Steve Jobs said, you need to stay hungry, stay foolish.”

Think globally Lucas Kuan (pictured below), a law graduate from the Macau University of Science and Technology with an interest in the IT industry, agrees that the entrepreneurial community can be ‘underdeveloped’ in Macao – so he moved to Hong Kong seven years ago. “Back then,” says the 30-year-old, “Macao was not that developed and most of the interesting work was coming from Hong Kong, so if I wanted to develop my skills and be in this industry, I needed to go to a bigger market. So, I self-taught programming and started making mobile apps, got a job in Hong Kong and started my own company.” In 2017, Kuan co-founded together with a partner, Cyrus Chow, the start-up oneCHARGE. The company offers Smart

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Profile for Macaulink

Macao Magazine September 2019  

We have found alarming figures on plastic waste over the course of putting together this issue: 160,000 plastic bags are used every second a...

Macao Magazine September 2019  

We have found alarming figures on plastic waste over the course of putting together this issue: 160,000 plastic bags are used every second a...