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Posts Tagged ‘Private Equity’

YU ZEBIN
Has been involved in building, operating and maintaining many large-scale websites in China with up to 20 million users, most recently Zcom.com, China’s largest digital magazine. A rationale, peaceful, perfectionist who believes in science first with the focus of people orientations. Yu brings a magnitude of technology experience and know how, a leader in China and respected by his peers.

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Media friends, ladies and gentlemen, good afternoon.

First, I would like to extend a warm welcome to all of the journalists who have taken the time to attend this press conference today.

I am glad to be making new acquaintances and to see our old friends again for this special occasion. On behalf of 360Quan, I would like to wish all of you a healthy, happy and successful new year in 2008.

It is my great pleasure to bring everyone here today to share a piece of exciting news:

360Quan has just closed a deal to secure a second round of funding from Koolanoo Group totaling 5 million USD dollars. Koolanoo Group has been a great and valued partner to 360Quan, and its CEO—Internet maverick and tycoon O.D. Kobo—is a close friend.

This investment will be used to accelerate our company’s already rapid growth. With the additional funds, we will increase our staff, boost our marketing activities, and upgrade our R&D and technological infrastructure.

But most importantly, I am thrilled to announce that with this new investment we will soon be launching 360QMAIL – a customized email system and browser! We are all very excited about this new feature, which will be exclusively available for 360Quan members.

Koolanoo Group has also communicated its pride and excitement in its investment in 360Quan.com, which has definitely demonstrated great success.

Thinking back ten months ago to 360Quan’s launch, I am very confident about our company’s future. 360Quan.com has had record-breaking visits from the very start, and today more than 22 million people  play on the site every month. (important to use the word ‘play’)

Our community continues to rapidly grow, with more and more young people visiting and registering on 360Quan everyday. Their support has made 360Quan one of the fastest growing web 2.0 sites in China today and definitely one of the fastest growing SNS success stories in China’s Internet history.

Few sites have had such amazing growth and encouragement among the online community. The site has truly been an Internet uprising; we call it…’A LOCAL PHENOMENON’

As 2007 comes to a close, we have quite a catalog of accolades to report: We are already listed as the 8th largest community based site in China and one of China’s top 5 social networks. We were also awarded a golden badge by China’s Internet Index System (CIIS) and Chinalabs for being one of China’s top 100 web sites.

With this additional funding, 360Quan will hit the ground running 2008. We will continue to stun the online world with our explosive growth, our ambition and our energy—engaging China’s young Internet community as nobody else can.

I would like to take this opportunity in front of the press to again express my most sincere thanks on behalf of 360Quan to the Koonaloo Group and the new architect of social networking in China Mr. O.D. Kobo for your vision, confidence and belief in 360Quan.

Lastly, I’d like to thank all our friends from the media for coming here today and sharing in this exciting announcement.

Thank you.

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