Qihoo 360 Search Targets 20% Market Share in 2013

Sina Tech, 2/27/13

Qi Xiangdong, president of Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), revealed that the company has recently set a three-year development target for its search business, taking an additional 10% of China's PC search market every year, and capturing 20% of the market in 2013.

Qi also emphasized Qihoo 360's promise to not participate in medical advertising, resulting in a loss of one-third of advertising revenue. Furthermore, the company does not undertake any action that would manipulate the order of search results.

Editor's Note: For more information on this topic, please see "Qihoo 360 Looks for 15%-20% Search Market Share," MD 11/01/12 issue.

Keywords: Qi Xiangdong Internet target market share Qihoo 360 QIHU online search

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