Chinese media company Koolanoo Group raises $25M
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.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.