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Rumor: Handset Brands Qihoo 360, Chuizi in Merger Talks

Tencent Tech, 3/02/18

Chinese internet services and security software provider 360 Security Technology (Qihoo 360)'s (601360.SH) handset business division and Beijing-based mobile OS developer and handset maker Chuizi Technology are reportedly discussing a merger, according to a source speaking with online media outlet Tencent Tech.

Zhou Hongyi, chairman at Qihoo 360, and Luo Yonghao, CEO at Chuizi, are reportedly both interested in the possibility of a merger between the two companies, and began discussing the matter prior to the 2018 Chinese Lunar New Year holidays in February. The two firms' management teams have reportedly already met with one another.

Chuizi declined to comment on the issue when asked by reporters. Luo Yonghao also responded by posting a message to his personal Weibo microblog discouraging users from speculating. However, Luo also said that he had several pieces of good news that he was not yet ready to make public. Qihoo 360's handset business also declined to comment on the matter.

Keywords: Zhou Hongyi handset wireless Qihoo 360 Luo Yonghao Chuizi Technology 601360.SH 360 Security Technology handset vendor M&A


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