What role will Qihoo 360 play with its entry of the EV race?

May 11, 2021


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?