When Apple released iOS 8.4.1 they effectively killed the TaiG jailbreak.
Pangu who have remained quiet as of late displayed that they are infact able to jailbreak the new firmware.
The Pangu Team demonstrated tge jailbreak at the HackPwn2015 security conference.
A Weibo post provided by HackPwn2015 confirms the report saying “Pangu team known domestic security team, on-site break Apple’s iOS8.4.1 system! ! !”
Whether or not we will see a release with iOS 9 due next month remains to be seen, however Pangu are not known for preserving exploits so only time will tell.