China Tech Newsletter – July 22, 2015

Qihoo 360 CEO Zhou Hongyi announces they are to give away their video monitoring cameras for free.

Qihoo’s subsidiary QiKU, with a hardware product line ranging from smartphone to wearable, is now a direct competitor to Xiaomi. Qihoo’s video monitoring camera was sold at the same price, RMB149 (about US$20) as Xiaomi’s at launch.

Mr. Zhou has made it clear that their hardware products would be sold at the lowest cost possible. The company began giving away its Pressy-like Android buttons in September 2014.

WiFi solution developer Juwan WiFi has raised Series B round of funding led by Qihoo 360.

Aliyun, the cloud computing services provider under Alibaba Group, launches a series of new products at its annual developer conference today.

Babytree, an online community for early care and education, announces US$300 million strategic investment led by online cosmetics retailer The company is planning for an IPO on a domestic stock market.

On-demand laundry service 1jiajie announces Series C round of financing. Investors include existing shareholder Tencent.

51offer, a consulting site for international education, has raised a total of US$50 million funding since its founding in 2013. (via Sina Tech)


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