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koolanoo GroupWhile Interviewed on CNBC, O.D Kobo, Koolanoo Group’s CEO reports that the company plans to go public on the HKSE during 2008. Koolanoo Group is a China Internet and new media leader. The company owns the No. 1 teenage destination online in China, which represents the majority of the 220 million online community in China. Koolanoo Group owns 360Quan.com China’s Leading Social Network for Teens. Internet ‘whiz-kid’ O.D. Kobo, the 33 year-old multi-millionaire who made millions in the Internet industry from his early twenties, leads the company.

 

 


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MR. O.D. KOBO KOOLANOO GROUP CHAIRMAN AND CEO
Bloomberg TV Live Interview

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Receives USD 5 Million in Funding from Koolanoo Group

(BEIJING, 27 Dec, 2007) – leading social network site for teens, and one of the fastest growing website’s in China’s internet sector,
, www.360Quan.com announced today that they have secured a second round of investment capital totaling USD 5 million from Koolanoo Group—the boutique Chinese Internet investment firm held by Internet maverick & tycoon O.D. Kobo. The investment will be used to accelerate the company’s already rapid development, allowing it to add personnel, enhance existing technologies and launch the much anticipated customized Mail & browser services. With this support, 360Quan.com will open a new chapter in its already impressive history.
 
“Koolanoo Group and 360Quan.com have successfully worked together in the past and will contribute to each other’s future growth,” said Mrs. Dong Binghui, Director of 360Quan.com. “These funds will help us reach our goals for 2008 and allow us to continue providing our users with new features and unique social services”.

Since its founding less than one year ago, 360Quan.com has been a ‘local phenomenon’ – legendary success story in China’s Internet community. Today, more than 22 million people use 360Quan.com every month, making 360Quan.com one of the fastest-ever growing social networking sites (SNS) in China. “We are making history every day,” said Dong. “For 10 months we’ve been climbing the list of China’s top 10 SNS communities. We expect to top that list this coming year .” 

Recently, 360Quan.com has been adding an array of new features and functions, moving its online offering beyond the traditional SNS. 360Quan.com General Manager- China Mr. Chen Qi remarked, “We are proud to be bringing our users new features and products, like 360Qmail, which will be coming very soon. We are driving an experience revolution by providing our users something truly different and cool.”

360Quan.com has built its reputation by engaging China’s teenage Internet community with the most complete range of communications tools for web surfers to use to express themselves. With more widgets, more features, , more mobile friendly activities and more content, the web site provides unparalleled opportunities for teenagers to make friends and customize their social networking experience. “At our core, we are just a bunch of Internet ‘junkies’ that believe in the future of the Chinese Internet,” said Chen. “Our goal is clear and simple: to create the best social network for ourselves, our friends, and the whole Chinese community.”

With a significant focus on Chinese new media ventures, Koolanoo Group has successfully realized its investment target of USD 20 million by Q1 2008 announced inJuly . This move consolidates Koolanoo Group’s position as a leading, strategic investor in China’s Internet market. “360Quan.com’s success confirmed the accuracy of our vision. With ample investment capital, I can confidently say that we are participating in the Chinese internet with our vision and raw energy,” said Mr. O.D. Kobo, Koolanoo Group Chairman and CEO. “China is the single most important and exciting online market in the world today. Koolanoo Group hopes to emulate the future of online in China: aggressive, fresh, ambitious and determined.”

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 Ladies and gentlemen, friends from the media, good afternoon!

First of all, I would like to say what a great honor and privilege it is to meet with so many journalists here today. I wish you and your families a very happy and successful New Year!

2007 was an incredibly exciting and successful year for us, and 2008 promises to be no less exhilarating. 360Quan just secured an additional five million dollars of capital from the Koonaloo Group and we will be launching the highly-anticipated 360Qmail very soon.

We are delighted to have the continued support of the Koonaloo Group, a leading strategic investor in the Chinese Internet market. We also want to send a personal thanks to Koolanoo Group’s CEO and our old friend, Mr. O.D. Kobo, the guy who eats, sleeps, breathes, dreams and bleeds China. With his ongoing friendship and backing, 360Quan has become one of China’s leading social networking web sites today.

This investment is no doubt a further validation of our leading position in providing valuable services and solutions to our users. We are journeying forward together to create the best online community out there.

This new round of funding gives us the ability to serve our users even better and take our business to the next level.

360Quan.com was created to provide our users with an interactive and diversified online community experience. 360Qmail will be launched shortly with many attractive features. For example, 360QMail will allow users for the first time to costumise their email’s settings, profiles and privileges for outgoing and incoming mail as well as overall mail settings. it will also provide a customized internet browser via the mail system our users are sure to be impressed by the software’s robust and personalized system
Our web site is unique because it has so rapidly captivated a large percentage of China’s online population, especially amongst teenagers. For me, this is a beautiful thing to witness and help make a reality. My biggest thanks goes out to the 360Quan users for their continued loyalty and support.

I would also like to thank you, Ladies and Gentlemen, for attending today’s exciting announcement.

Have a great afternoon, and make sure to come check out the site at 360Quan.com.

Thank you

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ChenQi, GM

Just as 360Quan’s company culture to advocate young and diversity, his experience is likewise diversified. With background of economy and finance in university study, he began to be involved in internet since late 1990s. He was an active figue in BBS of Tsinghua University, which is a heat university forum. He’s got crazy love on internet and his personal site was rewarded as the top 10 distinguishing personal website by Life Weekly Magazine, and he is one of the earliest bloggers.

When working in CCTV, he once climbed onto the camp on the Everest with 7,000 meters above sea level; and flied on fire balloon across the Three Gorges. He planned and executed a series of TV and internet programs for CCTV. Out of love on nature and life, he joined Conservation International China Program, one of the largest nature protection organizations in world. He spent most of his time in the poorest suburban areas in high lands and Tibetan altiplano, hanging along with local people. During his work there, he also led a project to shoot film for Chinese villages supported by National Geography. He traveled ceaselessly in every inches of Tibet and participated a web2.0 site planning as an independent internet consultant. He’s got various background and broad interest for young attitude, loving travel, nature and internet. These are the main parts in his life.

He is now back to the internet in 2007, building 360Quan together with his friend KOBO. He believes that groups can change a person’s life and the core of internet is people’s relations. He worked hard to build 360Quan a unique platform for young people in their social network.

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