Macau is a former Portuguese colony, and in 1999 it became a special administrative region of China. Its economy relies heavily on tourism, specifically the gambling industry, whose revenue has made M

acau the world's largest casino market.

Could China’s next tech IPO hub be...Macau?
Could the global gaming capital of Macau become known for something other than casinos? Yes, according to a senior official who has just submitted a proposal to the Chinese leadership to create a Nasdaq-style, tech-oriented stock exchange in the former Portuguese colony. He Xiaojun, an official in the provincial financial bureau of Guangdong, which neighbors Macau, said he hoped to get approval from the national authorities by mid-December, ahead of the 20th anniversary of the city’s return to China, according to the Sina Finance website. Guangdong, home of the high-tech megacity of Shenzhen, is seeking to tap more capital for its tech companies. Guangdong is also the center of the proposed
Could China’s next tech IPO hub be...Macau?
Is Hong Kong’s rich, obedient neighbor China’s new golden child?
As tear gas filled Hong Kong’s streets over the weekend amid an unending governing crisis, a different political show played out just an hour’s ferry ride away in Macau. On Sunday, 400 members of the gambling hub’s pro-Beijing elite went ahead as expected and picked Ho Iat-seng, the son of an industrial tycoon with strong ties to China, as the city’s next leader. He was the only candidate on the ballot. For Hong Kong’s young protesters, the tightly scripted appointment of Ho is yet another reminder for why they have chosen to openly defy Beijing. Like the former British colony of Hong Kong, Macau is a former colony – of Portugal– that returned to Chinese rule some 20 years ago under an arran
Is Hong Kong’s rich, obedient neighbor China’s new golden child?
China wants to have its own Silicon Valley by 2035
China has announced ambitious plans to build its own “bay area” to rival Silicon Valley in technological might. The Chinese government has pledged to turn the so-called Greater Bay Area, which comprises 11 cities in southern China, into a global tech and financial center. The area is already the country’s most economically dynamic region, containing the tech hub of Shenzhen, the financial center of Hong Kong and the gambling hub of Macau. The initiative is part of China’s overall push to shift away from low-end manufacturing and build an economy driven by consumption and innovation. It also aims to bring the two former European colonies of Hong Kong and Macau, now semi-autonomous territories
China wants to have its own Silicon Valley by 2035
China’s top official in Macau dies after fall at home
The sudden death of China’s top official in Macau may cast a shadow over the opening of a 34-mile long bridge that connects the glitzy gambling hub with Hong Kong and the rest of China. China’s President Xi Jinping is expected to attend an opening ceremony in the mainland Chinese city of Zhuhai on Tuesday. The bridge will be thrown open to the public the following day. Zheng Xiaosong, 59, “died on Saturday from a fall from his Macau residence… because he suffered from depression,” the Hong Kong and Macau Affairs Office, the Beijing-based department overseeing the two semi-autonomous regions, said in a statement. No further details were given on Zheng’s condition before his death. Zheng took
China’s top official in Macau dies after fall at home
Backlash like Beckham
With a population of 1.38 billion people, tapping the massive China market is the goal of many brands. But a new micro-movie from Sands Resorts Macao, starring its brand ambassador David Beckham, has drawn criticism online for the former soccer star’s language choice. In the movie, he speaks Mandarin, the official language of China, and not Cantonese: the local vernacular of south China, Hong Kong and Macau. Hong Kong, in particular, sees Cantonese as an integral part of its culture, separate from mainland China. Fears of increasing “mainlandization” have led to a strong defense of the use of Cantonese in society and schools. The ad is set in Macau, and features Beckham along with film star
Backlash like Beckham
Dog days are over at Asia’s last greyhound track
The Macau (Yat Yuen) Canidrome Club, is the last legal greyhound racing stadium in Asia – for now. Open since the 1930s, this controversial venue closes at the end of July. Declining interest in greyhound racing and the arrival of luxury casinos in the Chinese territory of Macau have led to the closure of the ring. The Canidrome’s dogs are set to become homeless when the track closes. There are even fears that they will be harvested for their blood. But there’s good news: offers to adopt have come in from people, charities and rescue organisations around the world. Photographer Chan Long-hei captured the Canidrome’s last dog race on June 30.
Dog days are over at Asia’s last greyhound track
Greyhound blood-selling fears prompt protest in Macau
Animal rights activists in Macau have held a protest amid fears that hundreds of racing dogs about to retire from competition will be given to people who harvest them for their valuable blood. The Macau Canidrome Club, the only legal dog track in Asia, will be closing next month, and the 650 greyhounds who have spent their lives racing at the 87-year-old club are being put up for adoption. But animal rights activists are worried that adopters may have ulterior motives – for example, selling the dogs’ blood for transfusions. Representatives from Macau’s Society for the Protection of Animals (Anima) delivered 650 individual adoption forms filed by potential adopters from overseas to the Macau
Greyhound blood-selling fears prompt protest in Macau