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Koolanoo Group Looking at Deeper Involvement in China?

Filed in archive Venture Capital on July 14, 2008

Koolanoo Group has found success in China. Their social networking site, 360Quan, is the largest teen-oriented Internet site in China, with 30 million logging on each month.

"China is an emerging market and it's the most exciting and fastest growing internet market in the world. It's the place to be," says CEO of Koolanoo Group, O.D. Kobo.

Now it looks like Koolanoo Group may be preparing to get ore involved in China, according to Sean at the Wellness Network.
According to unconfirmed reports circulated recently on the web, internet Tycoon O.D. Kobo, CEO of Koolanoo Group, raised $80 million at the beginning of July from a single source in the Middle East.
Koolanoo Group has offices in Beijing, Hong Kong and Israel and manages a portfolio valued at about half a billion dollars.

Reaching China's Youth: Does This Girl Do Her Social Networking on 360quan?
© jerine




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Tags: Koolanoo  china  koolanoo  group  2008  koolanoo+group  group+looking  deeper+involvement 

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