Netease Tech, 6/28/11
Zhang Chunhui, investment director of Green Pine Capital Partners, said in a recent interview that the company had invested RMB 20 mln in Android developer LeWa Tek. LeWa develops localized Android systems primarily for sub-RMB 1,000 Android handsets.
Green Pine had previously invested in other mobile internet companies, investing RMB 20 mln in Shanghai-based mobile game developer Soco Soft in November 2009, and later taking part in a joint investment of RMB 35 mln in Shenzhen-based WVAS developer Montnets Technology with Tiantu Capital.
LeWa Tek was established in April of this year and has not yet released any products. Founder Clinton Zhao has revealed that LeWa began work on its first operating system, Home 1.0, last November, and expects to release it next month. The first version, developed for Qualcomm 7-series and MediaTek (MTK) 6-series chips, will be provided to third-party design houses for further development and customization for specific handsets. LeWa will derive revenues from the product by providing after-sales services to the design houses. According to Zhao, the first version of Home 1.0 will incorporate a number of popular social features, including SNS and microblogging modules.
While LeWa is headquartered in Shanghai, its key development team is based in Shenzhen. The majority of the team members had previously worked at design houses and manufacturers involved in producing "shanzhai" grey-market handsets.