eWarna receives investment

AATCC Review, Mar 2004

In an exercise led by Nan Fung Invest¬ments Ltd. (NFIL), eWama received additional investment from existing shareholder NFIL, making NFIL the largest, as well as longest standing eWarna shareholder. NFIL is a direct investment holding company of the Nan Fung Group.

"Our strategy is to invest in high-growth technology companies that have a highly experienced management team with a successful track record and customer base. We believe strongly in the huge potential of eWarna's technology and business model and we are extremely happy with its progress since our initial investment in 2000," said Alex Mong, a Director of Nan Fung Group. Other participating shareholders included original investors Mayban Venture, MSC Venture, Trans-Econ Ventures, Commerce Technology Ventures, and some individual investors. According to the company, the additional funding will be used to further strengthen and expand eWarna's efforts in product research and development, global sales and marketing, and cus¬tomer services.