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.
Babytree, an online community for early care and education, announces US$300 million strategic investment led by online cosmetics retailer Jumei.com. 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.