Asian Entrepreneur Vol 2 No. 9 - September, 2000 - HARDWAREZONE.COM, a Singapore-based business-to-business and business-to-consumer IT Portal, has just received first-round funding of S$1.5 million from a group of angel investors which includes Ng Tee Khiang, founding chairman of MediaRing.com.

The portal, founded by a group of National University of Singapore undergraduates, provides pegged-to-market price listings of IT components as well as complete systems, IT product reviews and an integrated community platform for consumers and vendors.

HardwareZone.com has formed partnerships with supply and demand chain infrastructure players such as Acefusion.com and 3Fusion and launched a hosting service and affiliate programme to capitalize on its content and to drive e-commerce activity. The S$1.5 million raised will be used to expand the company's Pan-Asian operations.