Plenty has happened in the past week in the iOS jailbreak community. While last week saw the release of iOS jailbreak 7.1.1, this week welcomes the launch of the first big update.

According to GottaBeMobile, this untethered jailbreak comes from Pangu, a Chinese development team. Like all other legitimate jailbreaks, GottaBeMobile adds that the 7.1.1 modification is free.

The 7.1.1. jailbreak is available for the following iDevices: iPhone 4 and up, iPad Air and Retina Mini. It also works on iOS 7-equipped iPod Touches and any iPad that supports iOS 7. Unfortunately, first-generation iPads don't support iOS 7 and thus won't be able to install this modification.

Unlike the more popular evasi0n jailbreak method, the Pangu installation process is a bit more complex. You can begin the process by visiting Pangu's website, which works for both Mac and PC users. Upon launch, Mac users were left out of the party, which is odd, considering jailbroken devices are related to Mac computers.

Unfortunately, the site is in Mandarin Chinese, save for the words Mac and PC, as well as the names of the supported iOS devices. The jailbreak installer has been updated and rewritten in English. Last week, the entire process was written in Chinese.

So what functionality does Pangu add, and why should you install it on your iPhone, iPod Touch or iPad? You can use the alternate app store, Cydia. You'll also have access to FolderEnhancer, FakeMyLocation7, KeyShortcut Pro and NextGenUI, among others. For the full list of compatible tweaks, visit iDownloadBlog.

If you're nervous about installing the latest jailbreak, particularly because it comes from China, Cult of Mac recommends that you wait until iOS 8 is released in the fall. iOS 8 will be implementing many new features, some of which were once available only to jailbroken devices. Also, installing iOS 8 doesn't void your iDevice's factory warranty.

Learn how to install the jailbreak by watching Dom do it below:

Have you jailbroken your iOS device yet? How do you like it so far? Let us know in the comments section below.