Koolanoo Group, which owns and operates web sites in China, based has raised $25 million in a third round of funding. The financing comes from Israel-based Giza Venture Capital.
The Chinese company is based in Beijing, and its properties include teen social networking site 360Quan and a new web browser called iQ:The Smart Browser.
Anthony Ha writes about enterprise technology, cloud computing, tech policy, and random cool startups. Before joining VentureBeat in January 2008, he worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. Anthony attended Stanford University from 2001 to 2006, and now lives in San Francisco. Reach him at anthony@venturebeat.com.