China Tech Newsletter – Aug. 26, 2015

qikuphoneQiKU, the smart hardware brand of Qihoo 360, launches its first smartphone. It comes in three models that are priced at RMB1199 (US$190), RMB1999 (US$320) and RMB3599 (US$580), respectively. It will “start shipping in China in September, India in October and Indonesia later this year.”

QiKu phones run 360 OS, an custom Android system developed by Qihoo. Any pre-installed apps in QiKU phones can be uninstalled without rooting, according to the company.

Qihoo 360 and Chinese smartphone maker Coolpad established a smartphone joint venture in late 2014.


LeTV (SZ:300104), the online video and smart hardware company, reports 52% increase in revenue growth, reaching RMB4.5 billion (about US$729m) in the first half of 2015. Net profit was RMB255 million, a 68% increase.

23% of the total revenues was from online advertising, 42% from hardware sales (smart TV, smartphone and other connected devices), and 24% from paid content and services.

The company shipped some one million smart TVs in H1, a 43% increase. Its online video streaming service had an average of 53 million daily unique visitors and 280 million daily video views as of June 2015.


Wezebra.com, which provides installment payment plans to home renters, has raised Series A funding led by China Renaissance K2 Ventures and installment plan provider Fenqile, and joined by N5 Capital.

Wezebra’s services now cover three Chinese cities, Beijing, Shanghai and Chengdu, planning to expand to more cities including Guangzhou and Shenzhen later this year. (via Sina Tech)

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