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Chinese Internet security firm Qihoo 360 has announced plans to invest more than $1.6 billion to create a smart-home eco-system.
The company is teaming up with home appliance vendors Haier and AUX to create a smart-home system through cameras and smart routers.
Smart-home technology allows home-owners to manage security and other home appliances through cloud-computing technology.
This will allow people to do things like turn on their lights, air conditioners and other home-appliances through their smart-phones.
It also lets people monitor their homes through video streams via their mobile devices.
