Editorial Summary

Chinese classified information search engine Kooxoo.com closed a US$10 million series B round of funding from Ceyuan Ventures and Susquehanna International Group (SIG), reports qq.com. Kooxoo was launched on January 1, 2006 and hit one million daily visitors by January 23. Kooxoo received US$2 million from Ceyuan in its first round in April. Kooxoo now offers eight types of vertical search, and offers results for more than 200 cities in China and records over 10 million dailor visitors. According to Kooxoo CEO Chen Hua, the company targets reaching 100 employees by the end of 2006.