Qihoo wants to sell stake in e-commerce JV to Coolpad

Tuesday 8 September 2015 | 08:56 CET | News
Chinese internet company Qihoo 360 has issued a notice to Chinese smartphone maker Coolpad to exercise its put option to require Coolpad to purchase the company's entire 49.5 percent stake in Coolpad E-Commerce. Coolpad E-Commerce is a joint venture between Qihoo 360 and Coolpad set up in December 2014 to focus on mobile terminal products that are distributed through internet as the primary channel.

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