DragonVenture Invests in Social Networking Platform in China

The success stories of Match.com and the recent high-profile equity offering of Friendster.com further whet the appetite of local investors. Tim Draper of Draper Fisher and Jurvetsen, as the investor of eFN, commented, "I expect this platform to be a base of explosive growth for the company, which will lead to a major international corporation. It will also be an invaluable service to people who need relationship and connections." Other investors include the chairman of Higari Tsushin in Japan, Yangtze Venture the early investor of EachNet, purchased by eBay in 2003, CrossBridge Venture and heads of major corporations and investment institutions in the U.S, China, and Hong Kong.