Rumor: Qihoo to Split Mobile Game Business from 360 Mobile Assistant
Sohu IT, 11/26/13
An insider at Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU) has confirmed that the company plans to split its mobile gaming business from its "360 Mobile Assistant" mobile download platform business. Chen Jie, former VP in charge of 360 Mobile Assistant at Qihoo, will oversee the new mobile gaming business division while also managing the company's browser business. Non-game related 360 Mobile Assistant businesses will be overseen by a manager hired internally.
A source at Qihoo 360 has stated that revenue from the company's mobile gaming business has now exceeded that of its browser games.
Editor's Note: Qihoo 360 competitor Baidu (Nasdaq: BIDU) recently announced that the company's mobile gaming division will be integrated into its mobile reading, music, and gaming platform division Baidu Duoku. For more background on this topic, please see "Baidu Merges Mobile Game Division with Baidu Duoku" MD 10/15/13 issue.
Keywords: mobile gaming wireless Qihoo 360 QIHU Chen Jie 360 Mobile Assistant corporate restructuring handset manager app store
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