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What role will Qihoo 360 play with its entry of the EV race?
Chinese Internet security firm Qihoo 360 is planing to push an investment into Nezha's Series D round as the electric vehicle (EV) brand, owned by the automaker Hozon Auto, is targeting to float shares on Shanghai's Nasdaq-style STAR Market this year.
The financial details of the potential deal were not disclosed, but Qihoo 360 would become Nezha's third-biggest shareholder if the transaction were to happen, according to the reporting citing a source.
As soon as the news came out, people speculated that Zhou Hongyi, Qihoo's CEO and co-founder, would also join in the vehicle arena?