Qihoo 360 announces strategic alliances with cool faction

December 16, Qihoo 360 announced a strategic alliance with the cool faction to invest 409.05 million dollars in cash to cool, set up a joint venture. Qihoo 360 will hold a 45% per cent stake in the joint venture.

Previously, about Qihoo 360 to work with a southern manufacturer of the rumors of a noisy uproar. and Qihoo 360 company chairman Zhou to "plan to move south" as a reason to stall the past.

It is understood that the joint venture will focus mainly on mobile terminal products, the Internet as the main distribution channels. Cool faction will mainly provide smart phone design, manufacturing, supply chain management and after-sales service. Qihoo 360 will provide mobile application development and online marketing capabilities. The joint venture's smartphone will be marketed as the "Great God" brand.

Under the Partnership agreement, Qihoo 360 will also be the default provider of core mobile services in the cool smartphone ecosystem, including mobile security, mobile app stores and mobile search.

Cool is one of China's leading smartphone makers, Saino (SINO MR) data shows that, as of October this year, based on cumulative shipments, cool pie is China's largest 4G smartphone provider. And the great God as cool faction of the Electric Commodity card announced August 27 this year independence, after the announcement confirmed the N series and X series products line, marking the great God product planning independence. November 19, the Great God released brand new logo, and will formally set up an independent company-Shenzhen Electronic Commerce Co. Industry media analyst, "Great God", the value of nature is 360 of the Internet resources.

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