Qihoo 360 increases stake in Coolpad JV to 49.5%

Wednesday 27 May 2015 | 10:12 CET | News
Chinese internet company Qihoo 360 Technology has entered into an agreement with Coolpad Group to increase its ownership stake in their Coolpad E-Commerce joint venture. Qihoo 360 and Coolpad established this JV in April. Qihoo has now increased its stake in the JV to 49.5 percent, by purchasing 4.5 percent shares in the JV from Cooldpad for USD 45 million.

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Categories: General
Companies: Coolpad / Qihoo 360
Countries: China
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