China operating system to end Android & iOS dominance
The source code of the China Operating System will be open and it's Linux-based. The Chinese government wanted to break the monopoly of the foreign software and offer better localisation of the services viz. languages and cloud support.

The launch event of the COS on 15th January showcased the operating system powering mobile phones, tablet computers and television set top boxes; but ironically offered feature set very similar to that of Android, iOS and even Windows mobile OS.
Coship Electronics, a Chinese company had recently released a similar, proprietary operating system called 960OS as an answer to the security and privacy concerns in Android and iOS. Coship claimed that their operating system will prevent the user's personal information being stolen.
Our thoughts: The success of a mobile operating system largely depends on the ecosystem built around it - comprising of apps, third-party developers, support system and choice offered to the end users. Android, iOS and Windows have been successful at it to some extent; but any new mobile operating system is going to find it extremely tough to break in. The China Operating System is going to face the same challenge. It's success will hugely depend on how rapidly the Government can build this ecosystem.
On a related thought - how many of you think India should also develop its own, 'India Operating System'?