Zhou the security software company Qihoo 360 to the New York Stock Exchange.

Source: Internet
Author: User
Keywords Four years after
Tags application browser business closed closed up closing closing price company

On the first day of the market, Qihoo stock Rally Strong, opened 27 U.S. dollars, compared to the issue price of 14.5 U.S. dollars rose 86.2%, after the Gaokaigao walk, closed up 134.48% to 34 U.S. dollars.

The closing price of the day, the odd tiger market value of 3.96 billion U.S. dollars, more than the new Oriental, Sohu, Shanda and other well-known companies, ranked 6th in all China concept stocks. The first day of Qihoo Rose also after Baidu 2005 years of 354% and Youku 2010 years of 161.25%.

Zhou a 18.46% stake in the IPO, Zhou 祎 worth 731 million dollars on the first-day closing price.

In the conference room on the 6 floor of the NYSE, Zhou received an interview with reporters from the 21st century Economic report. Zhou looked calm, but his voice seemed hoarse.

Qihoo 360 tells investors stories

"21st century": Chinese companies come to the United States to tell investors a story, such as China's Google, Amazon, YouTube and so on. What kind of story did you tell them?

Zhou: Many of China's companies do take the American model back, and Americans are particularly easy to understand when looking for a reference. When we were in the road show, including discussions with investment banks, the biggest worry was that the 360 model was unique and there was no second home in the world. There are two different opinions, one is to try to find a reference. According to my style, want me to find a package of things are very difficult, I have done 4 years, there are more than 300 million users, I think we still do our best. We start from Asia to the United States, anyway, to see so many investors, someone must understand, do not understand the indifferent, do not expect all investors like you.

With 360 years of experience in China's development, network security is indeed becoming more and more important, 360 provide free products to meet the needs of users. In fact, this is a blank market, China has hundreds of millions of netizens, there are security needs, but no one satisfied, of course, gave me a chance. It took me three or four years to turn most netizens into my users.

On the basis of this user I will promote our browser and application desktop store. I have a safe internet platform, netizens always need to use the browser, always to install the application bar, so we are equal to become the Internet is a very critical security connection.

In this browser and PC App Store, 360 of the business model comes out. For example, more than 80 million people use our browsers every day, there are half of these users choose to use our Start page, an open 360 browser, there is a searchable site, there can be many recommended sites, in the future there may be many other recommended services, there can be a revenue model.

In addition, 360 now also do web games, do open platform, we and all web game cooperation. I have such a large browser users, in the recommendation of some web games, there is reasonable income of course very normal. This pattern is not very simple, intuitive, but it is really explored by us.

It took some time for us and investors to tell the story or the truth, and it took at least 15 minutes at a time. You have to say that I am China's Amazon, a word is enough. But we do not modify, not packaging, investors also understand. The company is very real, not blind packaging, they have a good impression, but also more recognition of the company's innovative ability.

"21st century": I saw a report that you said you are Chinese Facebook?

Zhou: I never said that we are Chinese Facebook, investors are silly to know that we are through free security software to get the user base, Facebook is a community, is completely different. I mention Facebook in my ppt, which is about two points we learned from Facebook. Facebook also provided a free exchange service for everyone, gathering users. Facebook is not charging for this today, it's doing other open platforms. This is the experience we've summed up from Facebook. Just take it for example to help understand.

21st Century: You have been in the process of development and a lot of Chinese internet companies have a fierce conflict, today to the NYSE listing, opening than the price doubled, how does it feel?

Zhou: I'm sure I'd be happy to be a public company. We are not here to cash in, even our first round of the second round of the third round of investors, but also did not sell shares, but in this round of the listing also cast 50 million of dollars.

We are very confident about the future of the company, just listing it as a new starting point. It is undeniable that listing is certainly helpful for recruiting and retaining talents.

The future company certainly hopes to have some internationalization business expansion, the listing is advantageous to go out. In addition, foreign internet companies into China, we are very good partners, because I have a huge user base. But if you are not a listed company, it is difficult to establish communication and trust with foreign companies.

Today's listing price is how much I do not care much, this is the market decision. We only want to be listed by the capital market recognition, have a better brand promotion, have a better international image, and then use these resources as soon as possible to make the company's potential.

Even if God bought your stock,

21st Century: You mentioned Japan's nuclear crisis, it once caused the global market turmoil, the impact on your listing?

Zhou: We came out of the road show when the nuclear crisis has not started, halfway to start. I've heard that some companies have canceled roadshow, some have postponed listing, and some have simply canceled. We are still more confident of ourselves, or that sentence, in the most bleak time someone may go up, the most prosperous when there may be some loss of money. I think as long as their own model is strong enough, their business data is good enough, there are signs of trouble outside, and will not catch a cold sneeze, but if they are not strong, is packaged out, the weather may be unbearable outside.

"21st century": There are many rumors that Buffett, Soros, Jim Cramer bought your shares, can you confirm or clarify?

Zhou: I really don't understand these. This time we had lunch, breakfast, and one-on-one, and we visited hundreds of investors. As a result, more than 400 funds are going to subscribe to our stock. The list was so long that I couldn't see it at all. The last is 40 times times oversubscribed. I told the investment bank that you know best what investors are willing to hold a company for a long time and give him a little more stock. So who invested me now is not particularly clear. I haven't read or commented on the rumors you've said. This is not important, even if God buys your stock, you still have to do your business well. I'm thinking more about this now.

I have no opinion of the investment bank.

"21st century": when it came to market last year, the opening rose sharply. When it later expressed dissatisfaction with the IPO pricing. The rise of Qihoo is much higher than when, what do you think about pricing?

Zhou: I have no opinion of the investment bank. Our investment bank was UBS and Citi, and they were not the big names. Just because they don't play big cards, they can put down their figure to understand our story and understand us. Throughout the listing process, and we have been working very well, very hard to work for you, for your sake.

Some big-name investment banks may not be able to see you at all, so there might not be good cooperation. Moreover, the most important thing is that the company should be strong, investment banks are just matchmaking. In the pricing, I personally think that 360 to do the time is relatively short, although such a short period of time can reach Baidu and Tencent the same user base, but I feel that our potential is far from being released, has just begun. So we didn't do a particularly high price, and I personally feel that this pricing is not important to us now because no one is selling stocks. The value of the company is not listed at the moment decided, or to see the next 5-10 years of long-term development. A lot of things in the market we can not control the decision, and sometimes good luck, to catch up with the market strong, may be a big increase in prices, sometimes hit the low stock prices, there is no need to feel that they earned or lost.

Business priorities for the next few years

"21st century": you have tried in many areas in the past few years, and recently began to dabble in some areas such as group buying, mobile phone mobile and other fields, what will be the next key business direction?

Zhou: Our core security can not be lax, to continue to maintain the core security of the lead.

Second, our safe Internet access is the browser and desktop application store, which is the future of the company to build a better focus.

The third is the open platform. I can certainly develop my own business and make money myself, but I prefer the idea of an open platform. After the platform, I do not develop web games, all the people who do web games can work with me, through the open platform and others to share revenue. How to make an open architecture this year is very important.

And, of course, the wireless internet you're talking about. China's wireless internet is actually just getting started, and most people are not using smartphones, and there is a chance to shuffle in the next few years. The strategy is also applicable by providing free security on the mobile Internet and creating security for users. We are now in the mobile phone security market is already the industry first. But at the beginning of this first is not much significance, the next two or three years we will be in the mobile Internet market more investment.

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