Qihoo 360 Raises Search Market Share Target to 25%
Sina Tech, 11/06/13
Yu Guangdong, Search Business VP for Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), revealed in a recent interview that the company reached its 2013 search market share target of 20% in October, based on data released by Alibaba Group's third-party web analytics subsidiary CNZZ. Qihoo's peak market share reached as high as 22.85% during the month. Qihoo has now increased its 2013 year-end market share target to 25%.
In early 2013, Qi Xiangdong, President of Qihoo, announced the company's three search market share targets of 20% in 2013, 30% in 2014, and 40% in 2015.
Yu also revealed that the company will soon release a new edition of its mobile search product, as well as a Qihoo search mobile app.
Editor's Note: For more background on this topic, please see "Qihoo 360: So.com Search Query Share Nears 20%" MD 8/16/13 issue and "Qihoo 360 Search Targets 20% Market Share in 2013" MD 2/27/13 issue.
Keywords: Internet traffic Qi Xiangdong Internet market share Qihoo 360 QIHU Yu Guangdong online search mobile search
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