Marbridge Daily

January 08, 2014

Rumor: Alibaba in Talks to Invest in Qihoo 360, 1/08/14

According to industry insiders, Chinese e-commerce conglomerate Alibaba Group is in negotiations with internet services and security software provider Qihoo 360 (NYSE: QIHU) regarding an investment in Qihoo by Alibaba, similar to Alibaba's previous investment in Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform. The negotiations have reportedly been underway for a significant period of time.

Neither Alibaba nor Qihoo has confirmed the rumor.

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