HOW QIHOO 360 TECHNOLOGY BECAME THE INTERNET DARLING OF 2013 $QIHU $BIDU
This is the story of Qihoo 360 Technology (QIHU), a company that got a modest start in 2005 in Beijing, China. Initially the company was engaged in run-of-the-mill reselling of third party antivirus software and user generated content search. The transition point was when the company started providing its own antivirus software for free. The stock, public since 2011 and trading under the symbol QIHU on the NYSE, has taken flight.
Qihoo has quickly become the top provider of Internet security software in China when measured by the user base. The company is taking share from Baidu (BIDU). On Monday, after the company’s earnings release Sunday in Beijing, the stock traded as high as $82.35; the 52-week low is $20.01.… Please click here or the title below to read more.