Tag Archives: qihu

Alibaba In, Qihoo 360 Out, Of Chinese Film Firm?

China e-commerce giant Alibaba Group (BABA) — already prepping for a nearly $4 billion purchase of “China’s YouTube” Youku Tudou (YOKU) — will see a changing of the China video landscape after Qihoo 360 Technology (QIHU) terminates its partnership with Chinese production company Beijing Enlight Media, according to media reports Tuesday. Beijing Enlight Media will purchase Qihoo’s 45% stake for RMB 53 million ($8.3 million), Selerity Global Insight

Qihoo Up As Q2 Tops; Can It Stay A China Tech Stock?

Qihoo 360 Technology (QIHU) stock rose Wednesday after Q2 earnings late Tuesday beat Wall Street estimates, with the Chinese security-software and Web-search firm riding a surge in online advertising revenue growth. The company posted Q2 EPS ex items of 82 cents per share, a dime above the 72 cents that analysts polled by Thomson Reuters had expected and a 64% year-over-year rise. Qihoo sales landed in range, with the company reporting revenue of

Qihoo 360 Buyout Bid About To Be Slashed?

The CEO-led investor group offering to buy out China’s Qihoo 360 Technology (QIHU)is considering whether to trim its original $9 billion bid because China’s sinking stock market has lowered valuations, the Wall Street Journal reported Friday. Qihoo in June announced what would be the largest take-private deal for a U.S.-listed Chinese company, which has become a trend of late. The Chinese security-software and Web-search firm’s U.S. stock closed