Beijing - Koolanoo Group, a Chinese Internet and new media investment firm, has raised $25 million in a new funding round led by an undisclosed investor, along with previous investor Giza Venture Capital, PEHub.com reported.

Beijing-based Koolanoo Group operates 360Quan, a leading teen social network in China, as well as Web browser start-up iQ.

The company will use the new funds to continue expansion of its operations in China, including the launches of iQmail and 360TV.

Related Links:
http://www.pehub.com/article/articledetail.php?articlepostid=13848

http://www.koolanoogroup.com