NewTone Introduction
06/99: Founded by Howard Li, Jim Li & Bruce Wang in California
07/99 Incorporated in Cayman with subsidiaries in Shanghai and US
08/99 Received 1st round funding of $ 2M
09/99 Started operation in China
01/00 Gained 1st customer contract
2000: Achieved revenue of $2M
07/01 Closed 2nd round funding of $10.5M
2001 Accomplished revenue of $5M
09/02 Total number of employees 140