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China's leading online security firm, Qihoo 360, is planning to invest some 400 million U.S. dollars to form a mobile Internet device joint1 venture with Shenzhen-based smartphone maker2 Coolpad.
中国网络安全公司奇虎360计划投资约4亿美元与深圳智能手机生产商酷派组建一家移动互联网设备合资企业。
Coolpad will inject assets into the venture, including some trademarks3, domain4 names and software copyrights.
Qihoo 360 will own 45 percent of the joint venture.
The venture will market smartphones under the Coolpad's Dazen brand and the devices will be sold mainly on the Internet.
Coolpad commands a 14 percent share in the Chinese 4G phone market.
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