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Koolanoo Plans $20 Million In China Investment; Starts With 360Quan.com Expansion

By Robert Andrews
Originally published by paidContent paidContent, paidContent paidcontent.org • 11th July 2007

Koolano Group, an Israel- and Far East-based online firm whose primary offering is the eponymous Koolanoo Jewish social network, has announced plans to increase its investments in China. The outfit will invest $20 million in Chinese internet properties over the next 12 months, reports Pacific Epoch, locating its new global headquarters in Beijing and expanding its China team from 40 to 100 by January. Koolanoo will first invest $3 million in its own 360quan.com, a growing Chinese youth- and entertainment-oriented social network that has an internet broadcast deal with Fashion TV, and is considering other investments and acquisitions.

CategoriesUncategorised
FocusCompany funding
TopicSocial Media
SourcepaidContent, paidcontent.org
ClientContentNext


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