Chinese Internet security firm Qihoo 360 is mulling an investment into Nezha’s Series D round as the electric vehicle (EV) brand, owned by the country’s lesser-known automaker Hozon Auto, is targeting to float shares on Shanghai’s Nasdaq-style STAR Market this year.
Beijing-based Qihoo 360 offered a term sheet to Nezha, under which it proposed to back the firm’s Series D round as a lead investor, local media outlet The 21st Century Business Herald reported on Monday, citing people familiar with the matter.
