Dahua is launching a Dropcam like wifi based cloud system named "eyes on your home":
Dahua home Wi-Fi solution allows users to monitor home or staff at work, and acts as a deterrent to thefts and other crimes. The resolution of Dahua home Wi-Fi series camera is up to 3-Megapixel and it can connect with easy4ip app for remote control and viewing. The footage saved in local storage. Users are able to communicate with family, friends or staff remotely while checking on them via the built-in bi-directional audio. Besides, the camera can send alarm notifications when it detects activity.
So P2P with local(redundant?) storage is different...
Using "Eyes on your home" as a product name shows that Dahua is oblivious to American sentiment towards Chinese cloud recording.
Americans Reject Chinese and US Government Cloud Video Recording
Most Americans Not OK With Home Security Video Recorded In the Cloud