Funinhand has closed first round of financing

Funinhand got first-round financing from NEWMARGIN and IDGVC in August 2004.
Guangzhou Funinhand Electronic Technology Co., Ltd, founded in 2002 in Guangzhou, China, has been focused on video and audio compression technology for many years, providing solutions for advanced video compression technology and mobile streaming media application. Funinhand R&D center is located in Hangzhou, Zhejiang province, China.

Funinhand Mobile Video Multimedia System, based on advanced video compression technology of H.264(JVT), is taking the leading position in live video program, TV live broadcast and VOD on mobile phone on 2.5G networks

Funinhand has established cooperation with many mobile operators and multimedia companies in China, providing services such as mobile digital TV, digital music broadcast, MOD, VOD and so on to millions of advanced mobile users.

Funinhand has close cooperation with MOTOROLA,INTEL, QUALCOMM and other world famous companies and is about to providing services and products such as multimedia email, mobile videophone, etc. in the near future.

NewMargin was founded in Shanghai by Shanghai Alliance Investment Co., and China Foundation of Science & Technology for Development. Since its founding in 1999, NewMargin Ventures has been one of the most active venture capital firm in China. NewMargin focus investment in high growth companies in China, in particular companies in the Information Technology, Healthcare/Life Science and New Material and Environmental Protection industries.

IDG Technology Venture Investment, Inc. (IDGVC) has the distinction of being the first American venture capital company to enter the Chinese market. In addition to providing venture capital, IDGVC offers an array of value-added services and in-depth support to entrepreneurs in China's high-tech industries.