A Business Mind: Peter Yau, founder and general manager of AnchorStream

Set up by three ambitious IT staff of a medical company, AnchorStream has expanded from the medical field and web design to a one-stop service provider and has produced a string of successful smartphone apps and IT solutions.

Where did you get the inspiration to set up the company?

We were a web-design company affiliated with a medical team providing x-ray services. Until recently we didn’t need to worry about business as the client return-rate was high and we got new customers through word of mouth. But medical solutions are a mature business and we can’t expect much innovation and expansion. To ensure our business’s healthy development, we decided to spin off AnchorStream and upgrade it from web design to offering full-service IT solutions. AnchorStream is a start-up with three equity partners.

How did you take the first steps?

We have always done more than simply design a website – clients trusted us and asked us to help them with digital marketing, events solutions and so no. We noticed a pattern in what they would ask for. So, last year we transformed some of our existing products, and put them up on our website, offering free download. We had a good response and this proved our business ideas.

Can you explain a few examples of your products?