GPCP INVESTED CNY 20 MN IN SHANGHAI LEWA

AsiaInfo Services
06-29-2011
GPCP Invested CNY 20 Mn in Shanghai Lewa

SHENZHEN, Jun 29, 2011 (SinoCast Daily Business Beat via COMTEX) -- Green Pine Capital Partners Co., Ltd (GPCP) said on June 28 that it had finished its CNY 20 million investment in Shanghai Lewa Technology Co., Ltd.

This is a key step for GPCP to plan its mobile internet industry, particularly localization of Android operating system under CNY 1000.

GPCP said that mobile internet is always one of its key investment fields. Earlier, it invested in BSHARE share tools and A8 mobile phone music, etc. GPCP predicts that competition for Android platform will focus on localization of mobile phone systems, while low and medium-end intelligent mobiles will become the top market in the country. That is why it invested in Lewa.

So far, several domestic teams are fighting for Android OS localization, including MIUI system by Xiaomi Co., Ltd. But they mainly target at medium and high-end mobile phone market.

Shanghai Lewa, a local development team of Android operating system, provides LeWa OS software based on Android 2.3 and provides software solutions for CNY 1000 intelligent mobiles made by domestic manufacturers.

Source: www.sina.com.cn (June 29, 2011)

KEYWORD: SHENZHEN INDUSTRY KEYWORD: Computers & Electronics SUBJECT CODE: Electronics
Electronic Consumer Goods
SinoCast China Business Daily news
Investment
mobile internet
Android OS
mobile phone
localization

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