360 in the United States to venture only non-financial return

Tencent Technology News (Lotte) July 11, according to foreign media reports, Qihoo 360 has been in the United States Silicon Valley to establish a venture capital company, mainly for the strategic start-up investment companies.

Mike Liao, director of strategy at Qihoo 360, said 360 is not just looking for financial returns, but 360 for finding what they want, choosing to be a partner and strategic investor in helping companies to strengthen their digital security services,

Like other Asian companies such as Tencent and Ali, 360 hopes to strengthen its own products and expand its user base by using startup technology. Foreign media pointed out that 360 did not set the scale for its venture capital funds, but given the company's $ 10.8 billion market capitalization and the previous quarter's earnings per share of $ 0.54, the fund should not be short of money.

Since landing in Silicon Valley nine months ago, Mike Liao has invested in four companies, EyeVerify, an eye biometric company, in areas such as big data, smart hardware, and home security applications.

Biometric company EyeVerify wants to extract data points from eye photos to replace passwords and fingerprints. Qihoo 360 will integrate the company's technology into the 360 ​​application store about 50 games, security, mobile banking and other types of applications.