|Description||China Internet & New Media Investments|
|Venture Round, 2/07 |
|Series B, 10/07 |
Giza Venture Capital
Harvard Angel Group
|Venture Round, 8/08 |
Giza Venture Capital
Rahman Abdul El Assir
Prime Minister of Qatar -Sheikh Hamad bin Jassim bin Jaber Al Thani
Koolanoo Group (www.KGIM.com) is a China Internet company. A subsidiary of KGIM Holdings and SinoSheen Investments Limited.
The company had until 2009 developed and operated leading web properties in China (iQ Browser, 360Quan, Shimao, 9949.cn, 360apps, 360Soft, 360Sec, 360TV, iQSafe, iQFirmware, 6887.cn, yooxue.cn, luoma.cn, kongquehui.com amongst some). In 2007, 360Quan received praise from the CNNIC (China Internet Network Information Centre, government division) as being the fastest growing website in China that year, Largest Teen social network in 2008-2009. Baidu awarded the Koolanoo Group and its properties in 2007 and 2008 as the ‘It Company’ of China for those years.
Koolanoo Group obtained very high-level China government ICP (Internet Content Provider) licenses, permit for Internet Platforms, Software distribution, Online Content Supply (OCS) and right to spreading Audio-Visia Information (AVI), Cross-regional ICP and Cross Regional Value-added Telecommunications Services, Video Boradcasting and Mobile Software distribution. Koolanoo Group licenses were and are valued greatly today.
The Company at its peak had 180 employees in mainland China mostly R&D, 12 in Hong Kong, 4 in London and 12 in Israel. Had developed directory websites, dating websites, social networks, browsers, and software’s strictly for the Chinese landscape with the theme of ‘for China by China.’ The Company later affiliated with and invested in exclusive distribution rights for new media platforms, services and equity in over 28 small China online properties and companies which were used to merge with existing platforms. Partnered with QQ, Sina, Sohu, Netease, Baidu, Zol.com, youku.com.
Koolanoo Group properties and content had reached a cumulative 90M+ users monthly in 2008-2009. Maintained exclusive online broadcast rights for FashionTV (FTV) for China, various music bands and play-for-fun casino games