Qihoo 360 is willing to buy shares in small companies

Absrtact: Zhou, chairman of Qihoo (Weibo) according to foreign media reports, Qihoo 360 (NYSE: QIHU) Chairman Zhou recently said in Hong Kong, in order to compete with Tencent, Baidu and other large rivals, Qihoo 360 is willing to buy shares of some small companies

Qihoo Chairman Zhou (Weibo)

According to foreign media reports, Qihoo 360 (NYSE: QIHU) Chairman Zhou recently said in Hong Kong, in order to compete with Tencent, Baidu and other large rivals, Qihoo 360 is willing to buy shares of some small companies.

Zhou says he has been considering investing and acquiring small companies to help more web-innovation companies develop. Zhou said the company had invested more than 100 companies since the first public offering by Qihoo 360. "If all the small companies are dead, then Qihoo 360 will be the only company to confront the industry giants," he said. In that case, I think Qihoo 360 has no competitive advantage. ”

Qihoo 360 Most of the revenue comes from selling ads through browsers and free antivirus software, which has branded itself a "disruptive innovator". Qihoo 360 had previously been in court with Yahoo China, Baidu and other companies.

Qihoo 360 will recruit hundreds of technicians to focus on developing mobile browsers, cloud and mobile search capabilities, Zhou said. He says the main job of Qihoo 360 this year is to develop mobile apps. Zhou said, "People ask me what will disintegrate Qihoo 360." I think it's a user migrating from a computer to a mobile device. ”

Zhou also said that the Qihoo chief financial officer has now travelled to the United States to meet with Apple in an effort to address the problem of Qihoo 360 's application from itunes.

Qihoo 360 fell 0.07 U.S. dollars in conventional trading in the NYSE in Friday, down 0.23% per cent to $30.50. In the past 52 weeks, Qihoo 360 's lowest share price was 13.80 U.S. dollars, with a maximum of 34.37 dollars.